{"id":123406,"date":"2021-11-24T02:41:28","date_gmt":"2021-11-23T19:41:28","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/elizabeth-towers-up-for-collective-sale-for-630mil\/"},"modified":"2021-11-24T11:33:12","modified_gmt":"2021-11-24T04:33:12","slug":"elizabeth-towers-up-for-collective-sale-for-630mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/elizabeth-towers-up-for-collective-sale-for-630mil\/","title":{"rendered":"Elizabeth Towers up for collective sale for $630mil"},"content":{"rendered":"


\nLocated at 12 Mount Elizabeth, Elizabeth Towers is a freehold site that sits on a 54,317.9 sq ft land plot. Source: Google Maps
\nElizabeth Towers located at Mount Elizabeth within Orchard Road has been put up for collective sale, with a reserve price of $630 million, revealed sole marketing agent Edmund Tie.
\nThe price, which takes into account the 7% bonus balcony area, works out to a \u201ccompelling land rate\u201d of about $2,400 per sq ft per plot ratio (psf ppr).
\nWith an area of 54,317.9 sq ft, the freehold site in District 9 occupies a rare corner plot. It is zoned for residential use under the 2019 Master Plan with a building height of up to 36 storeys.
\nEdmund Tie noted that the site may be redeveloped \u201cup to its verified existing gross floor area of 252,438 sq ft or plot ratio 4.65\u201d.
\nA five-minute walk to Orchard and Somerset MRT stations, the site is near various amenities including Ngee Ann City, ION Orchard, Paragon, The American Club, Tanglin Club, Mount Elizabeth Medical Centre, Paragon Medical Centre, Dempsey Hill and Singapore Botanic Gardens.
\nThe Anglo Chinese School (Junior) is within a 1km radius, while St Margaret\u2019s Primary School, St Joseph\u2019s Institution Junior and Singapore Chinese Girls\u2019 School are within 2km from the site.
\nRelated article:\u00a011 Popular Primary Schools in Singapore and Properties Within 1km of Them
\nWith this, the marketing agent expects \u201cvery keen interest\u201d both from local and overseas developers.
\n\u201cElizabeth Towers enjoys an exceptional location nestled in the prestigious Mount Elizabeth residential enclave in the heart of the Orchard Road shopping and lifestyle hub, offering the best of convenience and exclusivity,\u201d said Swee Shou Fern, Executive Director of Investment Advisory at Edmund Tie.
\n\u201cThis is a trophy corner plot offering the successful bidder a rare opportunity to create an ultra-luxury residential landmark in the heart of Orchard Road.\u201d
\nThe tender for Elizabeth Towers closes on 15 December.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Elizabeth Towers up for collective sale for 0mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Located at 12 Mount Elizabeth, Elizabeth Towers is a freehold site that sits on a...<\/p>\n","protected":false},"author":1,"featured_media":123407,"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-123406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/elizabeth-towers.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-w6q","jetpack-related-posts":[{"id":90742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-court-elizabeth-towers-launched-for-collective-sale\/","url_meta":{"origin":123406,"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":119997,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mount-emily-residential-buildings-on-sale-for-18mil\/","url_meta":{"origin":123406,"position":1},"title":"Mount Emily residential buildings on sale for $18mil","date":"January 19, 2021","format":false,"excerpt":"\r Mount Emily residential buildings on sale for $18milLocated 200 m away from Little India MRT interchange, the freehold properties\u00a0are near Mount Emily Park, Orchard Road and the central business district. Image: Edmund Tie & Company A portfolio of three freehold residential buildings at 2, 4 and 6 Mount Emily\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/2-4-6-Mount-Emily-Road.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":74414,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cairnhill-heights-eyes-80mil-in-collective-sale-tender\/","url_meta":{"origin":123406,"position":2},"title":"Cairnhill Heights eyes $80mil in collective sale tender","date":"December 13, 2017","format":false,"excerpt":"\r Cairnhill Heights, a 19-unit residential development at Cairnhill Rise, is set to be launched for en bloc sale tender on 19 December, reported Business Times. This comes after over 90 percent of the owners have agreed to the sale. The owners are looking at a sale price of more\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103176,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/elizabeth-towers-goes-en-bloc-again-for-610m\/","url_meta":{"origin":123406,"position":3},"title":"Elizabeth Towers goes en bloc again for $610m","date":"January 22, 2019","format":false,"excerpt":"\r The freehold development is located close to Orchard MRT station and Mount Elizabeth Hospital. (Photo: Knight Frank) Elizabeth Towers, a freehold high-rise residential development off Orchard Road, has been relaunched for sale with a reserve price of $610 million. The property was previously put up for collective sale in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110615,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mount-elizabeth-link-service-apartment-block-for-sale\/","url_meta":{"origin":123406,"position":4},"title":"Mount Elizabeth Link service apartment block for sale","date":"September 10, 2019","format":false,"excerpt":"\r The 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 A freehold serviced apartment block at No. 2 Mount Elizabeth Link has been put up for sale via tender,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122835,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-point-makes-second-collective-sale-attempt-price-unchanged-at-550mil\/","url_meta":{"origin":123406,"position":5},"title":"High Point makes second collective sale attempt, price unchanged at $550mil","date":"October 27, 2021","format":false,"excerpt":"\r High Point, is located at 30 Mount Elizabeth and is making its second collective sale attempt for $550 million or $2,508 per sq ft per plot ratio, after factoring in balconies. High Point, a 22-storey residential development at the peak of Mount Elizabeth within the Orchard Road residential area,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/HighPoint-30-Mount-Elizabeth-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123406"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=123406"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/123407"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}