Elizabeth Towers up for collective sale for $630mil
Elizabeth Twrs situated at Mount E throughout Orchard Road has actually been put together for combined sale, with a conserve pricing of $6hundred 30 million, made known exclusive advertising and marketing professional Edmund Tie.
The pricing, in which includes the 7 percentage bonus patio area, solves to a “persuasive property estimate” of about $Two thousand Four hundred psf ppr.
Carrying an area of Fifty Four thousand Three hundred Seventeen point Nine square feet, the rental free plot in Area Nine inhabits an unique corner patch. It is sectioned for residence use within the 2K19 Master Plan including a structure height of as much as 36 levels.
Edmund Tie considered in which the location might perhaps be redeveloped “until its affirmed current GFA of 252thousand 4hundred 38 square foot or piece scale 4.65”.
A five-minute stroll to Orchard and also Somerset Mass Rapid Transit stations, the location is close-by numerous features including Ngee Ann City, ION Orchard, Paragon, The American Club, TC, Mt Elizabeth Medical Centre, Paragon Medical Centre, Dempsey Hill also SGP Botanic Gardens.
The ACS (Jr) is in less than a 1km radius, while at the same time St Margaret’s Primary School, SJIJ and also S’pore Chinese Girls’ Sch are within Two kilometres via the ground.
By having this, the promotion and marketing representative forecasts “highly anxious attention” simultaneously from local and offshore builders.
” Elizabeth Twrs takes pleasure in a distinct place snugged in the reputable Mt Elizabeth residential territory at the center of the Orchard Rd shopping plus life-style center, using the ideal of practicality and also exclusivity,” stated Swee S.F., Exec Director of Inv Advisory at Edmund Tie.
” This is a trophy corner plot providing the triumphant prospective buyer a rare possibility to create an extra high-end residence spots in the center of Orchard Rd.”
The tender for Elizabeth Twrs ceases on 15Dec.