Shun Tak acquires High Point for $557mil

Shun Tak Holdings, by its wholly-owned alternate firm Shun Tak High Point, has actually attained District 9 residential project High Point for $557 mil.

The grp aims to reconstruct the apartment– which is its own 5th building buy in central SGP within five years– toward a deluxe home project with property conclusion embeded in 2K27.

Placed over the summit of Mt Elizabeth among the Orchard Rd non commercial vicinity, the 22 floor non commercial structure was commenced for en-bloc transaction in Oct by having an advise price tag of $Five hundred Fifty million. The price was firm coming from its previously en bloc proposal in 2019.

The Commodore Condo

Completed in 1973, the lease free development utilizes a Forty Seven thousand Six hundred Six square foot site in which is sectioned for Home usage beneath the 2K19 Master Plan including an authorized entire plot ratio of 2.8 and a rise restriction of as high as Thirty Six floors.

It is an only seven mins’ stretch to Orchard Rd Mass Rapid Transit station and even is in close proximity to numerous features offering Mt Elizabeth Health center, Paragon Healthcare, Singapore Botanic Gardens and even exclusive clubs Tanglin Club plus TAC.

“By having the procurement with this 5th property, we will in addition expand our selection plus position in Singapore and continue to introduce top-notch and different factors to cultivate the lively property of the place,” mentioned Pansy Ho, Group Executive Chairman plus Managing Dir of Shun Tak.

She observed in which the effective release of their previous projects, such as Park Nova also Les Maisons Nassim, displayed “Shun Tak’s steadiness in producing premium household properties with creative principles and inventive touches that suited the need of tasteful purchasers from all local and even worldwide markets”.

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