Shun Tak acquires High Point for $557mil
Shun Tak Holdings, via its 100% owned subsidiary Shun Tak High Point, has actually attained District 9 residential property High Point for $557 million.
The grp wants to rebuild the real estate– that is its fifth real estate buy in central Singapore in just five years– right into a high end residence property for project completion embeded in 2027.
Located on the summit of Mount Elizabeth inside of the Orchard Rd residential space, the Twenty Two floor non commercial development was commenced for en bloc transaction in October including a lead deal of $5hundred 50 mil. The value was firm created by its earlier en bloc quote in ’19.
Wrapped up in 1973, the lease free project possesses a 47,606 square foot site that is sector for Housing utilization underneath the 2K19 Master Plan including an allowable gross plot ratio of Two point Eight together with an altitude restriction of as high as Thirty Six storeys.
It is a mere seven mins’ stretch to Orchard Rd Mass Rapid Transit station and is in close proximity to a range of conveniences including Mt E Hospital, Paragon Medical, Singapore Botanic Gardens in addition to personal clubs TC also The American Club.
“Alongside the attainment in this fifth residence, we shall even more broaden our selection also grip in Singapore and remain to produce premier also extraordinary elements to jazz up the spirited project of the city,” revealed Pansy Ho, Team Exec Chairman and MD of Shun Tak.
She observed that the productive launches of their former projects, consisting of Park Nova and Les Maisons Nassim, proved “Shun Tak’s steadiness in creating superior residential projects with impressive conceptualizations and ingenious touches in which well-matched the interest of refined prospects from both local as well as overseas industry”.