Shun Tak acquires High Point for $557mil

Shun Tak Hldgs, through its wholly-owned secondary firm Shun Tak High Point, has gained District Nine housing project High Point for $557 mil.

The grp is going to reconstruct the real estate– which is its fifth residential property procurement in city SGP throughout five yrs– into a deluxe home structure with property fulfillment stipulated in 2027.

Situated on the peak of Mount E throughout the Orchard Rd household space, the 22-storey residential structure was generally opened for en-bloc deal in October with an advise price of $550 million. The rate was unchanged coming from its prior collective sale quote in 2K19.

Completed in Nineteen Seventy Three, the free lease property inhabits a Forty Seven thousand Six hundred Six square feet location in which is sector for Home utilization within the 2K19 Master Plan including an authorized gross PR of Two point Eight and also an altitude maximum of approximately Thirty Six floors.

The Avenir Condo

That it is a simple 7 minutes’ stretch to Orchard Road train station and even is near several services such as Mt Elizabeth Healthcare facility, Paragon Medical, Singapore Botanic Gardens in addition to private clubs Tanglin Club and The American Club.

“With the acquirement in this fifth property, we shall even more expand our collection as well as foothold in S’pore and remain to introduce top-quality also different elements to cultivate the spirited development of the city,” pointed out Pansy Ho, Group Executive Chairman and Managing Dir of Shun Tak.

She recorded in which the prosperous release of their past properties, consisting of Park Nova also Les Maisons Nassim, indicated “Shun Tak’s substance in developing premium home properties with revolutionary designs as well as imaginative feels that well-matched the interest of tasteful buyers from either local also international markets”.

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