{"id":110615,"date":"2019-09-10T10:31:16","date_gmt":"2019-09-10T03:31:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/mount-elizabeth-link-service-apartment-block-for-sale\/"},"modified":"2019-09-10T11:06:13","modified_gmt":"2019-09-10T04:06:13","slug":"mount-elizabeth-link-service-apartment-block-for-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mount-elizabeth-link-service-apartment-block-for-sale\/","title":{"rendered":"Mount Elizabeth Link service apartment block for sale"},"content":{"rendered":"


\nThe 22-storey tower features 72 apartments with sizes ranging between 760 sq ft and 7,135 sq ft. The District 9 property is also close to several MRT stations and schools.\u00a0
\nA freehold serviced apartment block at No. 2 Mount Elizabeth Link has been put up for sale via tender, carrying an indicative price of $230 million, revealed marketing agent Cushman & Wakefield.
\nThe 22-storey tower features 72 apartments with sizes ranging between 760 sq ft and 7,135 sq ft.
\nIt sits on a 35,385 sq ft site and has a total gross floor area of about 104,375 sq ft. This works out to a plot ratio of 2.95, which exceeds the 2.8 plot ratio designated under the 2014 Master Plan.
\nThe property is presently leased and operating as Fraser Residence Singapore, a brand under Frasers Hospitality.
\nA five-minute walk to the Orchard Road shopping belt, the District 9 property is near the Somerset and Orchard MRT stations on the North-South Line.
\nSchools such as the River Valley Primary School, Anglo-Chinese School (Junior and Primary), Chatsworth International School and Singapore Chinese Girls\u2019 Primary School are also within 1km to 2km radius from the freehold property.
\n\u201cThis is an extremely rare opportunity for developers, family offices and ultra-high-net worth individuals to acquire a freehold asset in Orchard area with a prestigious address,\u201d said Shaun Poh, executive director of capital markets at Cushman & Wakefield.
\n\u201cBuyers have the option to either redevelop the plum site into a brand new luxury residential development to take advantage of the improved high-end residential market, or retain its existing serviced apartment use to continue catering to the rising demand from tourist and business travellers.\u201d
\nAnd given its proximity to Mount Elizabeth Hospital, the freehold property is well-positioned to capture demand from medical tourism, he added.
\nThe tender exercise for the serviced apartment block closes on 23 October.
\nCheck out PropertyGuru\u2019s\u00a0properties for rent!\u00a0Alternately, refer to our other\u00a0handy rental guides,\u00a0or read more about\u00a0the hottest areas to live in with PropertyGuru\u2019s AreaInsider.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Mount Elizabeth Link service apartment block for sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The 22-storey tower features 72 apartments with sizes ranging between 760 sq ft and 7,135...<\/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-110615","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-sM7","jetpack-related-posts":[{"id":70402,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pearlbank-apartments-tries-to-en-bloc-again-at-728-million\/","url_meta":{"origin":110615,"position":0},"title":"Pearlbank Apartments tries to en bloc again at $728 million","date":"October 30, 2017","format":false,"excerpt":"\r The 37-storey horse-shoe shaped building comprises 280 apartments and eight commercial units. 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