Elizabeth Towers up for collective sale for $630mil

Elizabeth Twrs located at Mt E inside of Orchard Road has actually gotten made for enbloc, with a conserve figure of $6hundred 30 mil, disclosed single marketing professional Edmund Tie.

The rate, in which takes into consideration the 7 percent additional balcony area, figures out to a “persuasive property figure” of nearly $2,400 per sq foot per plot ratio.

One Pearl Bank Price

Carrying an area of 54,317.9 square feet, the freehold ground in Area Nine occupies a rare edge lot. It is reserved for residential purpose beneath the 2K19 Master Plan by having a structure elevation of right up to Thirty Six storeys.

Edmund Tie noted such the location might be redeveloped “until its affirmed existing GFA of Two hundred Fifty Two thousand Four hundred Thirty Eight square foot or plot scale Four point Six Five”.

A five min stroll to Orchard as well as Somerset MRT terminals, the ground is close to several features such as Ngee Ann City, ION Orchard, Paragon, The American Club, Tanglin Club, Mount E Medical Centre, Paragon Medical Centre, Dempsey Hill as well as SGP Botanic Gardens.

The Anglo Chinese School (Jr) is within a 1 kilometre distance, while SMPS, St Joseph’s Institution Junior as well as Singapore Chinese Girls’ Sch are actually within 2km from the site.

Utilizing this conveniences, the promoting and marketing rep predicts “remarkably avid attraction” both from regional and offshore builders.

” Elizabeth Towers indulges in a remarkable site nestled in the famous Mt E home enclave within the heart of the Orchard Rd shopping and life-style center, delivering the greatest of satisfaction and exclusivity,” said Swee S.F., Executive Director of Inv Advisory at Edmund Tie.

” This plot is a gold corner piece offering the successful bidder an uncommon business opportunity to put together an ultra-luxury non commercial landmark in the middle of Orchard Rd.”

The bidding for Elizabeth Towers wraps up on 15Dec.

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