High Point back on the market after HK-listed buyer pulled out of deal

Singapore

FREEHOLD condominium High Point is taking another shot at a collective sale with a reserve price of S$550 million after Hong Konglisted developer Shun Tak Holdings called off the en bloc deal in December.

At S$550 million, this works out to S$2,508 per square foot per plot ratio (psf ppr) after factoring in the 7 per cent bonus gross floor area (GFA) for balconies. The development charge payable for the 7 per cent bonus GFA is about S$18.8 million, according to exclusive marketing agent Savills.