18 May '11, 9pm

Prime properties up for sale by tender: Its marketing agent, Credo Real Estate, said Elizabeth Tower would be id...

SINGAPORE - An ultra-prime residential site in the Orchard Road area and a Shenton Way commercial property were put up for sale by tender yesterday. Separately, units at an industrial property zoned for light industrial use were also launched for sale. Elizabeth Tower, a residential property off Orchard Road, is up for collective sale with an asking price of S$630 million. Considered one of the two dozen ultra-prime residential sites in the area, the development has a land area of more than 54,000 sq ft, with 80 units sized at 2,000 sq ft to above 3,100 sq ft. Its marketing agent, Credo Real Estate, said Elizabeth Tower would be ideal for a new super-luxurious high-rise condominium. Credo said residents stand to receive between S$6.3 million and S$9.7 million, with penthouse owners pocketing at least S$14.2 million from the sale. Elizabeth Tower can be redeveloped into a 1...

Full article: http://www.todayonline.com/Business/EDC110519-0000257/Pri...

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