Shun Tak acquires High Point for $557mil
Shun Tak Hldgs, through its 100% owned branch Shun Tak High Point, has recently gained District 9 housing project High Point for $Five hundred Fifty Seven million.
The team intends to redevelop the building– which is its fifth residential property obtainment in central Singapore throughout 5 years– toward a high-class residence development for property wrap-up embeded in 2027.
Situated on the height of Mt Elizabeth found in the Orchard Road residence vicinity, the 22-storey home structure got introduced for collective sale in October including an instruct rate of $5hundred 50 mil. The deal was consistent out of its past collective sale bid in 2019.
Completed in Nineteen Seventy Three, the free lease structure inhabits a 47,606 sq ft site that is sectioned for Housing purpose under the ’19 Master Plan with an allowed entire PR of 2.8 also an elevation restraint of until Thirty Six storeys.
That it is a mere seven minutes’ stroll to Orchard Rd Mass Rapid Transit terminal furthermore is close to several conveniences consisting of Mt E Healthcare facility, Paragon Health Care, Singapore Botanic Gardens including private clubs Tanglin Club and TAC.
“By having the buy with this 5th real estate, we will even more widen our selection and even position in S’pore and remain to produce top-notch plus one-of-a-kind factors to enrich the spirited property of the urban area,” stated Pansy Ho, Team Executive Chairman plus MD of Shun Tak.
She observed in which the effective release of their former properties, offering Park Nova and Les Maisons Nassim, displayed “Shun Tak’s strength in generating top notch home projects with advanced approaches as well as innovative feels that suited the need of perspective home buyers from all local furthermore overseas industry”.