Shun Tak acquires High Point for $557mil
Shun Tak Hldgs, by its wholly-owned branch Shun Tak High Point, has recently attained District Nine non commercial structure High Point for $557 mil.
The grp expects to reconstruct the apartment– which is its 5th property obtainment in downtown SGP amongst 5 years– into a luxurious home development for property completion embeded in 2K27.
Placed on the summit of Mount Elizabeth inside the Orchard Rd home spot, the Twenty Two storey residential development was generally launched for collective transaction in October including an instruct price of $550 million. The price tag was firm created by its prior en bloc attempt in 2K19.
Fulfilled in Nineteen Seventy Three, the free lease project inhabits a Forty Seven thousand Six hundred Six square foot spot that is zoned for Residential use beneath the 2019 Master Plan by having an allowed total PR of Two point Eight also an elevation limit of as high as 36 storeys.
That it is a mere 7 minutes’ stroll to Orchard Rd MRT station and is close various facilities including Mount E Medical facility, Paragon Medical, SGP Botanic Gardens along with nonpublic clubs TC as well as The American Club.
“With the gain with this fifth building, we shall in addition expand our selection as well as foothold in S’pore and go on to introduce high-grade plus one-of-a-kind factors to jazz up the vibrant development of the place,” claimed Pansy Ho, Team Exec Chairman and MD of Shun Tak.
She mentioned that the triumphant open of their earlier properties, offering Park Nova and Les Maisons Nassim, exhibited “Shun Tak’s core in building top quality non commercial projects with ingenious designs and inventive touches in which suited the requirement of tasteful homebuyers from both local including global industry”.