Elizabeth Towers up for collective sale for $630mil
Elizabeth Twrs found at Mount E inside Orchard Road has recently gotten put up for enbloc, by having a set aside value of $6hundred 30 million, shared exclusive advertising specialist Edmund Tie.
The cost, that includes the 7 percent added bonus balcony spot, solves to a “compelling land price” of nearly $2.4K per sq feet ppr.
With a surface area of 54thousand 3hundred 17.9 square feet, the freehold location in District 9 inhabits an unusual edge piece. It is zoned for residence usage following the ’19 Master Plan with a property altitude of as much as Thirty Six storeys.
Edmund Tie considered in which the ground might probably be rebuilt “as high as its confirmed current GFA of Two hundred Fifty Two thousand Four hundred Thirty Eight sq ft or piece proportion 4.65”.
A five minute stroll to Orchard as well as Somerset MRT terminals, the site is close several features consisting of Ngee Ann City, ION Orchard, Paragon, TAC, Tanglin Club, Mt E Medical Centre, Paragon Medical Centre, Dempsey Hill including Singapore Botanic Gardens.
The ACS (Junior) is in less than a 1 kilometer distance, while St Margaret’s Primary School, SJIJ and SCGS are actually within Two kilometres from the location.
With this, the marketing and advertising rep projects “incredibly keen involvement” either from local and overseas builders.
” Elizabeth Towers indulges in a distinct locality snuggled in the prestigious Mount E residence area at the middle of the Orchard Rd shopping and also way of living center, offering the best of ease and also exclusivity,” revealed Swee S.F., ED of Inv Advisory at Edmund Tie.
” This particular is a winning corner lot offering the successful bidder an uncommon chance to generate a super extravagance housing spots in the core of Orchard Road.”
The bidding for Elizabeth Towers closes on 15December.
