Shun Tak acquires High Point for $557mil
Shun Tak Holdings, through its wholly-owned subsidiary Shun Tak High Point, has recently secured Area Nine residence property High Point for $557 mil.
The grp wishes to reconstruct the building– that is its own fifth residential property acquirement in city Singapore within five years– toward a privilege residential property for property conclusion allocated in 2K27.
Placed at the peak of Mount E amongst the Orchard Road residential area, the 22-storey housing property happened to be released for en bloc deal in October along with a lead rate of $5hundred 50 mil. The price tag was unchanged created by its former en bloc offer in 2K19.
Wrapped up in 1973, the freehold development possesses a 47,606 square feet plot in which is sectioned for Non commercial purpose within the 2K19 Master Plan with an allowable gross plot ratio of 2.8 plus a height boundary of up to Thirty Six floors.
That it is a mere seven mins’ walk to Orchard Rd MRT terminal and is close-by multiple services offering Mt Elizabeth Medical center, Paragon Healthcare, S’pore Botanic Gardens as well as private clubs Tanglin Club as well as The American Club.
“With the buy with this 5th residential property, we will even more stretch our profile also foothold in Singapore and remain to deliver top-quality and special aspects to cultivate the dynamic project of the city,” stated Pansy Ho, Team Exec Chairman plus Managing Director of Shun Tak.
She indicated in which the prosperous open of their previous properties, consisting of Park Nova and Les Maisons Nassim, proved “Shun Tak’s strength in producing top notch residential properties with cutting-edge strategies as well as artistic touches in which matched the request of discerning clients from both local furthermore foreign sector”.