Shun Tak acquires High Point for $557mil
Shun Tak Holdings, through its 100% owned subsidiary Shun Tak High Point, has actually obtained District Nine residential development High Point for $557 mil.
The group proposes to reconstruct the residential property– which is its fifth residence attainment in city S’pore throughout five yrs– into a privilege household property for project fulfillment allocated in 2K27.
Situated on the height of Mount Elizabeth inside of the Orchard Road housing vicinity, the 22-storey residence structure was generally opened for en-bloc sale in October along with an instruct value of $550 mil. The value was unchanged created by its former en-bloc offer in 2K19.
Fulfilled in 1973, the lease free project utilizes a 47 thousand 6hundred 6 square foot plot in which is zoned for Home use under the ’19 Master Plan including a permitted entire PR of 2.8 as well as an altitude maximum of until Thirty Six storeys.
It is a mere seven minutes’ stretch to Orchard Rd Mass Rapid Transit terminal furthermore is close-by a variety of conveniences featuring Mt E Hospital, Paragon Health Care, S’pore Botanic Gardens as well as private clubs TC and TAC.
“With the purchase of this particular fifth building, we will even further develop our profile and even grip in SGP and remain to introduce high-quality also unique aspects to build up the vibrant development of the city,” revealed Pansy Ho, Grp Exec Chairman plus Managing Director of Shun Tak.
She noted that the effective release of their former projects, involving Park Nova and Les Maisons Nassim, proved “Shun Tak’s power in establishing excellent quality non commercial properties with creative designs as well as imaginative touches that fitted the request of tasteful purchasers from all local along with world-wide industry”.