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By BRYAN NG
Published NOVEMBER 22, 2021
Updated NOVEMBER 22, 2021
SINGAPORE — Elizabeth Towers, a freehold high-rise residential development on Orchard Road, has been launched for sale at a reserve price of S$630 million.
Its marketing agent Edmund Tie & Company said on Monday (Nov 22) that this translates into a land rate of about S$2,400 per square foot per plot ratio when factoring in the 7 per cent bonus balcony area.
This is not the first collective sale attempt for the estate. Its most recent attempt was in 2019 at a reserve price of S$610 million.
Read more at
https://www.todayonline.com/singapore/el...30-million
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When you fail to sell, delude yourself and try again at a higher reserve price. 8)
At $2400 psfpr, not much meat for the developer unless it can price the final condo at almost $4000 psf
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enbloc fever going to start again next yrs. get ready now
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It will b 4k psf in years to come with a robost economy as the filthly rich migrate here to seek peace, refuge safety for their future generations ..
Best place for asians to live work play n to raise their families n best place to seek medical treatment n die here too.
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Looks like I have to take my words back. The Ritz Carlton Residences at nearby Cairnhill Road is already at $4200 psf.
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(23-11-2021, 10:43 AM)Yin yang Wrote: It will b 4k psf in years to come with a robost economy as the filthly rich migrate here to seek peace, refuge safety for their future generations ..
Best place for asians to live work play n to raise their families n best place to seek medical treatment n die here too.
LOL Singapore??? ....Look at Thailand, Most rich actually go Thailand come Asia. Thailand always the attraction Not just for average joe also rich people. Now Rich PRC a lot live at chiang mai,
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On average 6-7 million per unit....very nice.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(23-11-2021, 10:54 AM)[[ForeverAlone]] Wrote: LOL Singapore??? ....Look at Thailand, Most rich actually go Thailand come Asia. Thailand always the attraction Not just for average joe also rich people. Now Rich PRC a lot live at chiang mai,
those places are for ppl who want exotic lifestyles. to raise a family and to give the children a better environment and education, sg is still better. many are reluctant to go to us uk az
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(23-11-2021, 10:54 AM)[[ForeverAlone]] Wrote: LOL Singapore??? ....Look at Thailand, Most rich actually go Thailand come Asia. Thailand always the attraction Not just for average joe also rich people. Now Rich PRC a lot live at chiang mai,
Those are not the rich.
Rich very kiasi, that is why they go for best medical which is found in Singapore.
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