Singapore, 22 April 2026 – ETC is pleased to launch the collective sale of High Point, a freehold residential site at 30 Mount Elizabeth in District 9, one of Singapore’s most tightly held ultra-luxury residential enclaves. The site is offered via a public tender exercise, which closes on 9 June 2026, 3pm.
Elevated above the Orchard Road corridor, 30 Mount Elizabeth occupies a prime plot of 4,422.8 sq m (approximately 47,607 sq ft). Under URA Master Plan 2025, the site is zoned for “Residential” use with a building height control of up to 36 storeys, which will offer the potential for unblocked panoramic views across the city skyline.
The guide price for 30 Mount Elizabeth is S$580 million. This translates to a land rate of approximately S$2,641 per sq ft per plot ratio, 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 provides certainty in overall land cost.
Ms Swee Shou Fern (徐晓芬), Head of Investment Advisory at ETC, a member of Realion Group, says, “The launch of 30 Mount Elizabeth is particularly timely, given the limited pipeline of new ultra-luxe freehold residential projects in Orchard Road vicinity. Demand for trophy residential assets in Singapore has strengthened over the past year, supported by local and international ultra-high-net-worth individuals alike, who seek long-term capital preservation in globally recognised safe-haven markets such as Singapore.”
The last freehold residential site for a super-luxury condominium development that was sold was 21 Anderson in September 2021 at S$213 million (or S$2,490 per sq ft per plot ratio). To date, 16 of the 19-unit development have been sold at an average of S$4,932 per sq ft, with the highest per sq ft price recorded at S$5,347 for a 417-sq-m unit sold in September 2025.
Broadly, the ultra-luxury residential segment has shown renewed momentum since 1Q 2025, two years after the increase in ABSD for foreign buyers in April 2023. A total of 17 ultra-luxury homes priced at S$10 million and above were inked in 1Q 2026 alone – the highest quarterly sales volume since 1Q 2025.
Notably, the highest-priced transaction was a 579-sq-m residence at The Marq on Paterson Hill sold for S$37 million (or S$5,937 per sq ft) in January 2026. This was followed by the sale of a 417-sq-m residence at 21 Anderson at S$23.1 million or S$5,146 per sq ft in the same month.
Ms Swee continues, “The scarcity of brand-new freehold opportunities in District 9 has become increasingly pronounced. Over the last few years, the market has seen limited freehold luxury residential launches, with most new supply being leasehold projects. Astute investors are increasingly recognising the enduring value proposition of prime District 9 freehold tenure; thereby, positioning 30 Mount Elizabeth as a compelling opportunity for developers to deliver a new benchmark ultra-luxury residential project.”
30 Mount Elizabeth is conveniently located at the doorstep of Orchard Road and enjoys excellent connectivity via public and private transportation. Within a stone’s throw are Orchard and Somerset MRT stations that ply along the North-South Line and Thomson-East Coast Line. The nearby Central Expressway also provides easy access to the CBD, Singapore Changi Airport and key destinations across the island.
Popular schools located nearby include Anglo Chinese School (Junior) within 1 km, and St Joseph’s Institution Junior, Singapore Chinese Girls’ School and St Margaret’s Primary School are located within a 2-km radius.
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