Elizabeth Twrs based at Mt Elizabeth inside Orchard Rd has recently been set up for cumulative sale, with a set aside figure of $630 million, revealed sole advertising specialist Edmund Tie.
The deal, which takes into account the Seven percent extra patio spot, calculates to a “compelling land estimate” of roughly $2.4K psf per PR.
Having an area of Fifty Four thousand Three hundred Seventeen point Nine square foot, the free from lease land in District 9 holds an infrequent edge lot. It is reserved for non commercial purpose beneath the 2019 Master Plan with a building elevation of as high as 36 storeys.
Edmund Tie observed that the ground may be rebuilt “approximately its verified existing gross floor space of 252thousand 4hundred 38 sq ft or ground scale 4.65”.
A 5 minute walk to Orchard and Somerset train stations, the plot is close to a variety of amenities such as Taka, ION Orchard, Paragon, The American Club, Tanglin Club, Mt Elizabeth Medical Centre, Paragon Medical Centre, Dempsey Hill as well as S’pore Botanic Gardens.
The ACS (Junior) is in less than a 1km distance, while at the same time SMPS, SJIJ and also SCGS are within 2km from the site.
By having these perk, the promoting and marketing rep forecasts “incredibly intense attention” simultaneously coming from local and also international builders.
” Elizabeth Towers takes joy in an awesome locality snugged in the famous Mt Elizabeth housing territory within the heart of the Orchard Rd shopping and also way of living center, providing the greatest of satisfaction and even exclusivity,” announced Swee Shou Fern, ED of Investment Advisory at Edmund Tie.
” This particular is a winning corner lot delivering the rewarding bidder an unique opportunity to create a mega high-class non commercial landmark in the middle of Orchard Rd.”
The tender for Elizabeth Towers concludes on 15 Dec.