Shun Tak acquires High Point for $557mil
Shun Tak Hldgs, via its wholly-owned secondary firm Shun Tak High Point, has actually gotten District Nine housing structure High Point for $557 mil.
The group expects to reconstruct the residential property– that is its 5th residence attainment in downtown SGP in just five yrs– right into a deluxe housing structure for property finalization allocated in 2K27.
Located over the top of Mount Elizabeth found in the Orchard Rd residential space, the 22-storey household structure happened to be commenced for en-bloc transaction in Oct by having an advise price tag of $5hundred 50 mil. The pricing was consistent coming from its former collective sale attempt in ’19.
Wrapped up in Nineteen Seventy Three, the freehold structure possesses a Forty Seven thousand Six hundred Six square feet plot in which is sectioned for Residential purpose underneath the 2019 Master Plan with an allowable entire plot ratio of 2.8 together with an altitude restraint of as much as 36 levels.
It is a simple 7 mins’ stretch to Orchard Road train terminal and even is in close proximity to a range of facilities including Mount Elizabeth Healthcare facility, Paragon Medical, Singapore Botanic Gardens and even personal clubs TC and also The American Club.
“With the acquirement of this particular 5th building, we will even more expand our profile and also position in S’pore and push on to produce high-quality also unique factors to build up the vivid property of the place,” explained Pansy Ho, Team Executive Chairman also MD of Shun Tak.
She recorded in which the productive start of their former projects, involving Park Nova also Les Maisons Nassim, proved “Shun Tak’s strength in establishing premium home projects with advanced strategies as well as inspired touches in which well-matched the requirement of refined prospects from all local and worldwide sector”.