Shun Tak acquires High Point for $557mil
Shun Tak Holdings, via its 100% owned branch Shun Tak High Point, has actually attained Area 9 housing project High Point for $Five hundred Fifty Seven mil.
The group is going to redevelop the building– that is its own fifth building attainment in central SGP in just five years– toward a luxurious home project by having project finalization put in 2K27.
Situated at the peak of Mount Elizabeth inside of the Orchard Road household vicinity, the 22 storey housing project got released for en-bloc transaction in Oct by having an instruct rate of $Five hundred Fifty mil. The rate was consistent from its former en-bloc quote in 2K19.
Settled in Nineteen Seventy Three, the lease free structure inhabits a Forty Seven thousand Six hundred Six square feet site that is sector for Residential use underneath the 2K19 Master Plan by having an allowable entire plot ratio of 2.8 together with an altitude cap of right up to 36 floors.
That it is a simple seven mins’ stretch to Orchard Rd Mass Rapid Transit station and even is close-by different facilities including Mt Elizabeth Healthcare facility, Paragon Healthcare, S’pore Botanic Gardens including nonpublic clubs TC plus TAC.
“Alongside the obtainment of this particular 5th residence, we shall even further widen our profile plus grip in S’pore and remain to deliver premier also one-of-a-kind aspects to build up the vibrant property of the urban area,” explained Pansy Ho, Group Exec Chairman and MD of Shun Tak.
She noticed in which the successful open of their past projects, consisting of Park Nova and Les Maisons Nassim, demonstrated “Shun Tak’s core in producing premium residence properties with cutting-edge strategies as well as imaginative touches that well-matched the requirement of tasteful customers from either local along with foreign industry”.