Elizabeth Towers up for collective sale for $630mil
Elizabeth Twrs found at Mt E within Orchard Rd has actually gotten put together for enbloc, with a reserve value of $630 million, made known exclusive marketing rep Edmund Tie.
The value, in which takes into account the 7 % bonus offer porch spot, calculates to a “convincing property price” of nearly $2.4K psf ppr.
Having a surface area of Fifty Four thousand Three hundred Seventeen point Nine sq ft, the freehold plot in Area 9 possesses an uncommon edge lot. It is reserved for home purpose following the 2019 Master Plan with a constructing peak of right up to Thirty Six storeys.
Edmund Tie noticed in which the location might be redeveloped “up to its verified existing gross floor area of Two hundred Fifty Two thousand Four hundred Thirty Eight square foot or piece scale Four point Six Five”.
A 5 min walk to Orchard and Somerset train stations, the ground is close-by various services including NAC, ION Orchard, Paragon, The American Club, Tanglin Club, Mt E Medical Centre, Paragon Medical Centre, Dempsey Hill also SGP Botanic Gardens.
The ACS (Jr) is in less than a 1 km radius, whilst St Margaret’s Primary School, St Joseph’s Institution Jr and SCGS are actually in less than 2 kilometres via the ground.
With this advantages, the promotion and marketing specialist foresees “highly keen enthusiasm” both from regional plus foreign real estate investors.
” Elizabeth Towers relishes a distinct site nestled in the respected Mount E residential enclave inside the middle of the Orchard Rd shopping and lifestyle center, presenting the best of ease and even exclusivity,” revealed Swee Shou Fern, ED of Financial Investment Advisory at Edmund Tie.
” This plot is a winning corner parcel supplying the successful prospective buyer an unique chance to put together an ultra-luxury home landmark in the middle of Orchard Rd.”
The offer for Elizabeth Twrs wraps up on 15 December.