More luxury condos to cross S$4,000 psf mark

Singapore

LUXURY residential properties crossing the S$4,000 per square foot (psf) mark in Singapore's prime Orchard Road district have been few and far between in recent years, but this could change, given the recent spate of record-setting land sales and upcoming launches in the district.

Hong Kong-listed Shun Tak Holdings said on Wednesday that it has purchased two freehold redevelopment sites for a total of S$593.5 million in Orchard Boulevard and Nassim Road.

One was the S$375.5 million purchase of Park House at 21 Orchard Boulevard via a collective sale, which se…