Shun Tak acquires High Point for $557mil
Shun Tak Holdings, by its 100% owned branch Shun Tak High Point, has recently bought Area 9 residence project High Point for $Five hundred Fifty Seven million.
The team wishes to rebuild the residential property– that is its own 5th real estate buy in downtown Singapore amongst 5 years– toward a luxurious housing property with project wrap-up embeded in 2K27.
Placed over the summit of Mount E within the Orchard Road household vicinity, the Twenty Two level residence project was released for en-bloc sale in October including an instruct deal of $5hundred 50 mil. The price tag was the same coming from its earlier en-bloc quote in ’19.
Wrapped up in 1973, the freehold project takes up a Forty Seven thousand Six hundred Six square foot plot that is sectioned for Residential purpose beneath the 2K19 Master Plan by having an allowable gross PR of 2.8 including a rise maximum of as much as 36 floors.
It is an only seven minutes’ stretch to Orchard Rd MRT terminal furthermore is in close proximity to numerous conveniences such as Mt E Healthcare facility, Paragon Medical, SGP Botanic Gardens as well as private clubs Tanglin Club also The American Club.
“By having the attainment with this fifth property, we will further increase our profile as well as position in Singapore and remain to introduce top-quality plus unique features to enrich the vibrant property of the city,” explained Pansy Ho, Grp Executive Chairman plus MD of Shun Tak.
She noted that the prosperous release of their past projects, offering Park Nova also Les Maisons Nassim, exhibited “Shun Tak’s steadiness in forming deluxe household properties with impressive principles and inspired touches that fitted the interest of discerning purchasers from the two local and also international sector”.