Elizabeth Towers situated at Mount Elizabeth within Orchard Road has been installed for cumulative sale, with a reserve price of $630 million, revealed single advertising representative Edmund Tie.
The rate, which considers the 7% reward balcony location, works out to an “engaging land rate” of around $2,400 per sq ft per plot proportion (psf ppr).
With an area of 54,317.9 sq ft, the estate website in District 9 inhabits an unusual corner plot. It is zoned for property usage under the 2019 Plan of attack with a building elevation of as much as 36 floors.
Edmund Tie noted that the site may be redeveloped “as much as its validated existing gross floor location of 252,438 sq ft or plot ratio 4.65”.
A five-minute walk to Orchard as well as Somerset MRT stations, the website is near various services including Ngee Ann City, ION Orchard, Apotheosis, The American Club, Tanglin Club, Mount Elizabeth Medical Centre, Paragon Medical Centre, Dempsey Hillside, Normanton Park, and Singapore Botanic Gardens.
The Anglo Chinese College (Junior) is within a 1km distance, while St Margaret’s Primary School, St Joseph’s Institution Junior and Singapore Chinese Girls’ Institution are within 2km from the site.
With this, the advertising agent expects “extremely eager passion” both from regional and also abroad developers.
” Elizabeth Towers takes pleasure in a phenomenal area snuggled in the prestigious Mount Elizabeth domestic enclave in the heart of the Orchard Roadway shopping and way of life center, providing the best of ease and exclusivity,” stated Swee Shou Brush, Exec Supervisor of Investment Advisory at Edmund Tie.
” This is a prize corner plot supplying the effective prospective buyer an uncommon chance to create an ultra-luxury residential site in the heart of Orchard Roadway.”
The tender for Elizabeth Towers closes on 15 December.