155 views
FOR SALE: Elizabeth Towers has a reserved price of $630m. /Edmund Tie & Company

Elizabeth Towers launched for collective sale for $630m

The 36-storey building is zoned for residential use.

Elizabeth Towers, located at 12 and 14 Mount Elizabeth is available for sale through public tender, with a reserve price of $630m, real estate consultancy firm, Edmund Tie & Company, said.

The public tender for the 36-storey building, which is zoned for residential area, will close on 25 July at 3 p.m.

According to Edmund Tie & Company, the property sits at a corner site of over 54,317 square feet (sq ft) and can be redeveloped up to its verified existing gross floor area of 252,438 sq ft or at a plot ratio of 4.65.

The reserve price for Elizabeth towers is on the back of an 8% bonus floor area which reflects $2,400 per sq ft plot ratio.

Swee Shou Fern, head of investment advisory at Edmund & Tie, said the successful bidder will have the opportunity to start an ultra-luxury residential landmark in the heart of Orchard Road amidst strong demand of the luxury residential market in Singapore.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!