{"id":103176,"date":"2019-01-22T11:25:57","date_gmt":"2019-01-22T04:25:57","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/elizabeth-towers-goes-en-bloc-again-for-610m\/"},"modified":"2019-01-22T12:03:53","modified_gmt":"2019-01-22T05:03:53","slug":"elizabeth-towers-goes-en-bloc-again-for-610m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/elizabeth-towers-goes-en-bloc-again-for-610m\/","title":{"rendered":"Elizabeth Towers goes en bloc again for $610m"},"content":{"rendered":"


\nThe freehold development is located close to Orchard MRT station and Mount Elizabeth Hospital. (Photo: Knight Frank)
\nElizabeth Towers, a freehold high-rise residential development off Orchard Road, has been relaunched for sale with a reserve price of $610 million.
\nThe property was previously put up for collective sale in June at the same price.
\nMore: Forget About Billion-Dollar En Bloc Sales, Say Experts
\nThe price works out to a land rate of about $2,416 psf per plot ratio (psf ppr) based on its current gross floor area (GFA) of 23,452.286 sq m, revealed marketing agent Knight Frank Singapore.
\nWith the inclusion of a seven percent bonus balcony GFA subject to the approval of authorities and a minimal development charge for the balcony space, the land rate will be lowered to around $2,297 psf ppr.
\nComprising two blocks of 80 apartment and maisonette units, Elizabeth Towers occupies a 5,046.3 sq m site zoned for residential use under the 2014 Master Plan.
\nThe development enjoys dual access from Mount Elizabeth Link and Mount Elizabeth and is located near Orchard MRT station as well as Mount Elizabeth Hospital and Paragon Shopping Centre.
\nIt is also close to various educational institutions such as Anglo-Chinese School (Junior), Anglo-Chinese School (Barker Road), Anglo-Chinese School (Primary), St. Joseph\u2019s Institution, St. Joseph\u2019s Institution Junior, St. Margaret\u2019s Primary School as well as the Singapore Chinese Girls\u2019 Primary and Secondary Schools.
\n\u201cElizabeth Towers is a rare, choice corner site for developers looking to build an iconic residential development in Singapore, and we believe it will attract strong interest from developers, given its positive site attributes. Couple with its superb location, we are also confident the end product will be in strong demand, especially from owner-occupiers,\u201d said Ian Loh, executive director and head of investment and capital markets at Knight Frank Singapore.
\nThe tender for Elizabeth Towers closes on 26 February.
\nMore:\u00a0Understanding The En Bloc Process (August 2018)
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Elizabeth Towers goes en bloc again for 0m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The freehold development is located close to Orchard MRT station and Mount Elizabeth Hospital. (Photo:...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-103176","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qQ8","jetpack-related-posts":[{"id":90742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-court-elizabeth-towers-launched-for-collective-sale\/","url_meta":{"origin":103176,"position":0},"title":"Gilstead Court, Elizabeth Towers launched for collective sale","date":"June 7, 2018","format":false,"excerpt":"\r Elizabeth Towers off Orchard Road in District 9 has a reserve price of $610 million or $2,416 psf ppr. (Photo: Knight Frank Singapore) The en bloc fever continues to heat up with two more freehold sites \u2013 Gilstead Court and Elizabeth Towers \u2013 launched for sale. The owners of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95087,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-fragrant-gardens-up-for-collective-sale\/","url_meta":{"origin":103176,"position":1},"title":"Freehold condo Fragrant Gardens up for collective sale","date":"July 31, 2018","format":false,"excerpt":"\r The low-rise condominium located off Paya Lebar Road has a reserve price of $65 million. 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The price\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81276,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/windy-heights-up-for-en-bloc-sale-for-806-2m\/","url_meta":{"origin":103176,"position":3},"title":"Windy Heights up for en bloc sale for $806.2m","date":"February 28, 2018","format":false,"excerpt":"\r Windy Heights is one of the largest freehold residential redevelopment sites in District 14. (Photo: Knight Frank) The current en bloc fever shows no signs of abating with Windy Heights being the latest project to join the craze. Located off Jalan Daud, the freehold residential estate comprises four residential\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98050,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-freehold-condos-in-district-9-up-for-en-bloc-sale-again\/","url_meta":{"origin":103176,"position":4},"title":"Two freehold condos in District 9 up for en bloc sale again","date":"September 18, 2018","format":false,"excerpt":"\r Located near Orchard Road, Grange Heights is making a second attempt at a collective sale. (Photo: Colliers International) Undeterred by the government\u2019s property cooling measures, two freehold condos in District 9 near the Orchard Road shopping district are making another try at an en bloc sale. Grange Heights along\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83363,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/olina-lodge-verdun-house-launched-for-collective-sale\/","url_meta":{"origin":103176,"position":5},"title":"Olina Lodge, Verdun House launched for collective sale","date":"March 22, 2018","format":false,"excerpt":"\r Completed in 1990, the freehold Olina Lodge has a reserve price of $220 million. (Photo: SRI) The collective sales fever continues to heat up with the recent launch of two freehold developments \u2013 Olina Lodge and Verdun House, revealed marketing agent Singapore Realtors Inc (SRI). 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