Freehold District 9 site 30 Mount Elizabeth returns to market at $580m

This translates to about $2,645 per square foot per plot ratio.

ETC has relaunched 30 Mount Elizabeth for collective sale via public tender, with the freehold District 9 residential site carrying a guide price of $580m.

The tender closes on 12 October at 3 p.m.

The site spans approximately 4,422.8 square metres (47,607 square feet) and is located in an elevated position in the Orchard area.

It is zoned for residential use under the URA Master Plan 2025, with a building height control of up to 36 storeys.

The guide price translates to about $2,645 per square foot per plot ratio after factoring in the 7% bonus floor area.

No land betterment charge is payable for redevelopment up to the baseline plot ratio of 4.45.

The relaunch comes amidst continued activity in Singapore's ultra-luxury residential market.

The last freehold residential site sold for a super-luxury condominium development was 21 Anderson, which changed hands for $213m in September 2021, or $2,490 per square foot per plot ratio.

The 19-unit development has since sold 16 units, or close to 85% of the project.

Units have achieved an average price of $4,931 per square foot, with the highest recorded at $5,347 per square foot for a 417-square-metre unit sold in September 2025.

In the second quarter of 2026, 13 residential units priced above $10m and achieving more than $4,000 per square foot were recorded.

Amongst them, a unit at 21 Anderson sold for $22.5m, or $5,013 per square foot, in April.

In July, a 274-square-metre unit at Skywaters Residences transacted at $17.34m, or $5,880 per square foot.

The 30 Mount Elizabeth site offers scope for a residential development near Orchard Road and is located close to Orchard and Somerset MRT stations, which serve the North-South and Thomson-East Coast Lines.

It also has access to the Central Expressway and Pan-Island Expressway.

Schools within the vicinity include Anglo Chinese School (Junior) within a 1-km radius, as well as St Joseph's Institution Junior, Singapore Chinese Girls' School, and St Margaret's Primary School within 2 km.

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