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High Point sold en bloc for S$556.7m to Hong Kong's Shun Tak Holdings

Firm plans to redevelop freehold site at 30 Mount Elizabeth as a luxury residential project by 2027

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Annabeth Leow

Annabeth Leow

Published Thu, Dec 9, 2021 · 09:50 PM

    Singapore

    HONG Kong-listed Shun Tak Holdings has bagged District 9 condominium High Point for close to S$556.7 million, the conglomerate said on Thursday (Dec 9).

    The land price for the 47,606 square foot freehold parcel worked out to about S$2,537 per square foot per plot ratio (psf ppr) when the development charge of S$18 million is taken into account, according to marketing agent Savills.

    Collective sale

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