Shun Tak Holdings, through its 100% owned subsidiary Shun Tak High Point, has recently gained District Nine housing property High Point for $Five hundred Fifty Seven million.
The group wishes to redevelop the residential property– which is its own fifth property attainment in city SGP within five years– toward a deluxe housing development with building completion settled in 2027.
Located on the top of Mt Elizabeth throughout the Orchard Rd residential zone, the 22 storey home structure happened to be commenced for en bloc deal in Oct by having an instruct deal of $Five hundred Fifty million. The rate was unchanged out of its former en bloc offer in 2019.
Settled in Nineteen Seventy Three, the rental free structure inhabits a 47 thousand 6hundred 6 sq ft plot in which is sectioned for Home utilization underneath the ’19 Master Plan including an authorized total plot ratio of Two point Eight including an altitude limitation of as much as 36 levels.
It is an only 7 minutes’ stretch to Orchard Road MRT station and also is close-by various features featuring Mount Elizabeth Health center, Paragon Medical, Singapore Botanic Gardens and even exclusive clubs Tanglin Club also The American Club.
“Alongside the acquirement of this 5th real estate, we shall even more broaden our collection plus grip in SGP and continue to deliver top-notch plus unique details to enhance the dynamic project of the urban area,” pointed out Pansy Ho, Group Exec Chairman and Managing Director of Shun Tak.
She mentioned that the successful open of their former properties, involving Park Nova also Les Maisons Nassim, demonstrated “Shun Tak’s substance in establishing excellent quality household projects with revolutionary ideas and ingenious touches that suited the need of discerning homebuyers from the two local including world-wide sector”.