Elizabeth Towers up for collective sale for $630mil
Elizabeth Towers located at Mount E inside of Orchard Rd has gotten set up for en-bloc, with a conserve pricing of $630 million, shared sole advertising and marketing specialist Edmund Tie.
The value, that considers the 7 % added bonus balcony space, figures out to a “convincing land figure” of nearly $2,400 per sq ft per plot ratio.
Having a surface area of 54,317.9 sq ft, the rental free location in District Nine possesses an infrequent edge plot. It is sectioned for non commercial benefit within the ’19 Master Plan with a constructing height of approximately Thirty Six storeys.
Edmund Tie noted in which the location might be rebuilt “up to its affirmed latest gross floor space of 252,438 sq ft or ground scale 4.65”.
A five min walk to Orchard as well as Somerset train stations, the site is close-by various amenities including Taka, ION Orchard, Paragon, The American Club, Tanglin Club, Mt E Medical Centre, Paragon Medical Centre, Dempsey Hill and even SGP Botanic Gardens.
The ACS (Junior) is in less than a 1km radius, whereas SMPS, St Joseph’s Institution Junior as well as Singapore Chinese Girls’ School are within 2km from the site.
By having this, the promoting and marketing agent projects “very anxious attraction” simultaneously from regional as well as offshore real estate investors.
” Elizabeth Twrs relishes a remarkable spot snuggled in the famous Mount Elizabeth housing territory at the core of the Orchard Road retail plus life-style hub, presenting the best of ease and even exclusivity,” announced Swee Shou Fern, ED of Financial Investment Advisory at Edmund Tie.
” This particular is a trophy corner land providing the successful prospective buyer an uncommon business opportunity to generate an ultra-luxury non commercial landmark in the heart of Orchard Road.”
The offer for Elizabeth Twrs concludes on 15 Dec.