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

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.