Under the Urban Redevelopment Authority’s (URA) Master Plan 2025, the site is zoned for residential use with a building height control of up to 36 storeys.
High Point, a freehold residential site at 30 Mount Elizabeth in District 9, is being offered via a public tender and a guide price of $580 million.
Elevated above the Orchard Road corridor, 30 Mount Elizabeth occupies a prime plot of 4,422.8 sqm (approximately 47,607 sq ft). This translates to a land rate of approximately $2,641 psf per plot ratio (ppr), after factoring in the 7% bonus floor area. No land betterment charge is payable to redevelop the residential site up to its baseline plot ratio of 4.45, hence limiting exposure to any fluctuations in land betterment charge rates and providing certainty in overall land cost, says ETC, a member of Realion Group.
