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
Add BT as a preferred source
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.
TRENDING NOW
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
DBS sees 46% upside for Jardine Matheson; analysts expect it to surpass ‘conservative’ targets
‘Worst foreign policy blunder in decades’: US Republicans blast Trump’s Iran agreement as details emerge
