Shun Tak acquires High Point for $557mil

Shun Tak Holdings, by its 100% owned secondary business Shun Tak High Point, has actually gained Area Nine non commercial property High Point for $Five hundred Fifty Seven million.

The team aims to rebuild the residence– which is its own 5th property buy in central SGP in just five years– into a privilege household property by having building conclusion embeded in 2027.

Situated on the peak of Mt Elizabeth within the Orchard Road non commercial vicinity, the 22-storey residence development was released for en bloc sale in October including a guide price of $550 million. The value was the same out of its previous en bloc attempt in 2K19.

Concluded in Nineteen Seventy Three, the lease free development inhabits a Forty Seven thousand Six hundred Six sq ft site that is sector for Housing use within the ’19 Master Plan by having an allowable total plot ratio of 2.8 including a height limit of approximately 36 floors.

That it is a small 7 mins’ walk to Orchard Rd MRT station and also is close-by a range of services such as Mt Elizabeth Medical center, Paragon Health Care, S’pore Botanic Gardens including nonpublic clubs Tanglin Club and also TAC.

“With the attainment of this particular fifth apartment, we shall additionally grow our selection plus position in Singapore and remain to generate high-quality also extraordinary components to improve the spirited structure of the place,” explained Pansy Ho, Team Executive Chairman plus MD of Shun Tak.

The Arden Condo

She indicated that the triumphant introduce of their past projects, including Park Nova and Les Maisons Nassim, proved “Shun Tak’s steadiness in generating luxurious housing projects with impressive techniques as well as imaginative feels that matched the requirement of refined prospects from all local and also global markets”.

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