Shun Tak acquires High Point for $557mil
Shun Tak Hldgs, by its 100% owned branch Shun Tak High Point, has recently gotten hold of Area 9 home structure High Point for $Five hundred Fifty Seven million.
The grp aims to reconstruct the apartment– that is its fifth residential property buy in downtown S’pore within 5 yrs– into a deluxe non commercial property for building finalization stipulated in 2027.
Located on the summit of Mt E inside of the Orchard Rd residential area, the Twenty Two storey household project got released for en bloc deal in Oct by having an advise deal of $Five hundred Fifty mil. The price was the same created by its former en bloc quote in 2019.
Finalized in 1973, the free lease development utilizes a 47,606 square feet spot in which is zoned for Residential application within the 2019 Master Plan by having an authorized entire PR of 2.8 as well as a height boundary of until 36 levels.
It is a simple seven mins’ walk to Orchard Rd Mass Rapid Transit terminal furthermore is close different amenities offering Mt E Medical center, Paragon Health Care, S’pore Botanic Gardens in addition to nonpublic clubs TC plus The American Club.
“By having the obtainment of this particular fifth building, we shall further increase our collection and foothold in S’pore and go on to produce high-grade also extraordinary aspects to cultivate the dynamic project of the place,” shared Pansy Ho, Team Exec Chairman also Managing Director of Shun Tak.
She noted in which the triumphant release of their past properties, featuring Park Nova also Les Maisons Nassim, displayed “Shun Tak’s strength in forming top notch household projects with creative techniques as well as imaginative touches in which well-matched the requirement of perspective prospects from all local and even global industry”.