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Pansy Ho's Shun Tak walks away from S$556m High Point deal amid latest property cooling measures

HK-listed group understood to have forfeited its S$1 million tender deposit for the en bloc purchase

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Nisha Ramchandani

Nisha Ramchandani

Published Thu, Dec 23, 2021 · 09:50 PM

    Singapore

    HONG Kong-listed Shun Tak Holdings is said to have called off the en-bloc deal for High Point condominium, possibly making it the first casualty of the latest property cooling measures announced by the government last week.

    Shun Tak, which is understood to have forfeited its S$1 million tender deposit, did not respond to queries from The Business Times by press time. Savills, which is the marketing agent for High Point, declined to comment when contacted on Thursday (Dec 23) night.

    Collective saleSingapore propertyProperty developersCooling measures

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