Shun Tak acquires High Point for $557mil

Shun Tak Hldgs, through its wholly-owned alternate firm Shun Tak High Point, has actually bought District 9 residential development High Point for $557 mil.

The grp is going to redevelop the property– which is its own 5th residential property attainment in central Singapore in just 5 years– right into a luxurious housing development with project fulfillment embeded in 2027.

Resided at the peak of Mount E amongst the Orchard Road non commercial space, the Twenty Two level residential property was launched for en bloc deal in Oct along with a lead price tag of $5hundred 50 mil. The value was firm created by its previous en-bloc proposal in ’19.

Completed in Nineteen Seventy Three, the rental free property utilizes a 47,606 sq ft site that is sector for Housing application beneath the ’19 Master Plan by having an allowable entire plot ratio of 2.8 and an elevation limit of until Thirty Six levels.

Pollen Collection Condo

It is an only 7 mins’ stretch to Orchard Rd Mass Rapid Transit station and is close a variety of facilities consisting of Mount Elizabeth Healthcare facility, Paragon Health Care, SGP Botanic Gardens including private clubs TC plus The American Club.

“Alongside the acquirement in this 5th apartment, we shall certainly in addition widen our profile plus grip in SGP and go on to bring in high-grade also unique elements to improve the lively property of the city,” revealed Pansy Ho, Group Executive Chairman also Managing Director of Shun Tak.

She considered that the triumphant commence of their earlier properties, consisting of Park Nova also Les Maisons Nassim, indicated “Shun Tak’s steadiness in generating deluxe housing properties with revolutionary ideas as well as innovative touches in which matched the requirement of tasteful customers from the two local also overseas industry”.

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