Shun Tak acquires High Point for $557mil

Shun Tak Hldgs, by its 100% owned subsidiary Shun Tak High Point, has actually bought District Nine home structure High Point for $Five hundred Fifty Seven mil.

The team aims to rebuild the residence– which is its 5th building acquisition in city S’pore throughout 5 yrs– right into a high-end non commercial property by having project fulfillment scheduled in 2027.

Situated on the height of Mt E throughout the Orchard Road residence zone, the 22 floor residential structure happened to be started for en bloc sale in October including an advise rate of $Five hundred Fifty mil. The pricing was unchanged from its former collective sale proposal in 2K19.

Completed in 1973, the free lease structure occupies a Forty Seven thousand Six hundred Six sq ft location in which is sector for Household utilization beneath the ’19 Master Plan by having an authorized gross plot ratio of Two point Eight including a height limit of until Thirty Six storeys.

Perfect Ten Condo

That it is an only 7 minutes’ stretch to Orchard Rd train station and also is close-by a variety of services offering Mount Elizabeth Health center, Paragon Medical, Singapore Botanic Gardens including nonpublic clubs TC as well as The American Club.

“With the attainment of this 5th apartment, we will additionally broaden our profile and foothold in SGP and remain to bring in excellent plus different features to build up the zesty development of the city,” announced Pansy Ho, Team Exec Chairman plus Managing Director of Shun Tak.

She noted that the triumphant launches of their earlier properties, such as Park Nova also Les Maisons Nassim, demonstrated “Shun Tak’s power in creating superior home projects with revolutionary techniques as well as creative feels in which fitted the requirement of tasteful homebuyers from either local and also overseas markets”.


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