{"id":122835,"date":"2021-10-27T01:47:10","date_gmt":"2021-10-26T18:47:10","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-point-makes-second-collective-sale-attempt-price-unchanged-at-550mil\/"},"modified":"2021-10-27T10:13:57","modified_gmt":"2021-10-27T03:13:57","slug":"high-point-makes-second-collective-sale-attempt-price-unchanged-at-550mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-point-makes-second-collective-sale-attempt-price-unchanged-at-550mil\/","title":{"rendered":"High Point makes second collective sale attempt, price unchanged at $550mil"},"content":{"rendered":"


\nHigh Point, is located at 30 Mount Elizabeth and is making its second collective sale attempt for $550 million or $2,508 per sq ft per plot ratio, after factoring in balconies.
\nHigh Point, a 22-storey residential development at the peak of Mount Elizabeth within the Orchard Road residential area, is once again placed for en bloc sale, following its failed attempt in 2019.
\nThe guide price is unchanged at $550 million, which translates to $2,508 per sq ft per plot ratio (psf ppr) after factoring the 7% bonus gross floor area (GFA) for balconies.
\nSituated at 30 Mount Elizabeth, High Point comprises 57 apartments and two penthouses, with the apartments measuring between 268 sq m and 272 sq m, while the penthouses spans 589 sq m to 592 sq m, said exclusive marketing agent Savills Singapore.
\nThe freehold development, which was completed in 1973, occupies a 47,606 sq ft site that is zoned for Residential use under the 2019 Master Plan. The site has an allowable gross plot ratio of 2.8 and a height limit of up to 36 storeys.
\nThe site could be redeveloped into an ultra-luxurious development with up to 98 units, averaging 200 sq m each. Savills noted that a pre-application study is not required by the Land Transport Authority (LTA) for the site redevelopment.
\nHigh Point is a mere 7 minutes\u2019 walk away to Orchard Road MRT station, which is set to become an interchange station on the Thomson-East Coast Line in 2022. It is also near various amenities including Mount Elizabeth Hospital and Paragon Medical, Singapore Botanic Gardens as well as private clubs such as Tanglin Club and The American Club.
\nThe development is also close to educational institutions, such as Eton House International Pre-School (Claymore), Anglo-Chinese School (Junior), Anglo-Chinese School (Primary), St. Joseph\u2019s Institution, Singapore Chinese Girls\u2019 Primary and Secondary School and St. Margaret\u2019s Primary School.
\n\u201cHigh Point is the first luxury residential site to be launched for sale this collective sale cycle and we expect all the local \u201cluxury\u201d developers to be keen in addition to some developers based in Hong Kong,\u201d said Jeremy Lake, Managing Director of Investment Sales and Capital Markets at Savills.
\nHe also noted the shortage of large luxury units for sale in Singapore.
\nGalven Tan, Deputy Managing Director of Investment Sales and Capital Markets at Savills, said the city-state stands out in its ability to attract capital and talent as a gateway to the Southeast Asian economy.
\n\u201cLuxury properties have benefitted with the inflow of this capital and we continue to see growing interest from these astute buyers with impeccable taste. High Point stands out as a site with unique attributes like High Point, thus a rare opportunity for developers to redefine the new level of luxury living,\u201d he said.
\nThe tender for High Point closes on 8 December.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…High Point makes second collective sale attempt, price unchanged at 0mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

High Point, is located at 30 Mount Elizabeth and is making its second collective sale...<\/p>\n","protected":false},"author":1,"featured_media":122836,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-122835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/HighPoint-30-Mount-Elizabeth-crop.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vXd","jetpack-related-posts":[{"id":102760,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-highpoint-goes-en-bloc-for-550m\/","url_meta":{"origin":122835,"position":0},"title":"Freehold condo HighPoint goes en bloc for $550m","date":"January 8, 2019","format":false,"excerpt":"\r The asking price works out to $2,595 psf ppr before factoring in balconies. (Photo: CBRE) HighPoint, a freehold residential development at the highest point of the Mount Elizabeth-Orchard district, has been launched for en bloc sale with a guide price of $550 million, revealed marketing agent CBRE. The price\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-court-elizabeth-towers-launched-for-collective-sale\/","url_meta":{"origin":122835,"position":1},"title":"Gilstead Court, Elizabeth Towers launched for collective sale","date":"June 7, 2018","format":false,"excerpt":"\r Elizabeth Towers off Orchard Road in District 9 has a reserve price of $610 million or $2,416 psf ppr. (Photo: Knight Frank Singapore) The en bloc fever continues to heat up with two more freehold sites \u2013 Gilstead Court and Elizabeth Towers \u2013 launched for sale. The owners of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123732,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-beaumont-up-for-en-bloc-sale-for-478mil\/","url_meta":{"origin":122835,"position":2},"title":"The Beaumont up for en bloc sale for $478mil","date":"December 10, 2021","format":false,"excerpt":"\r Located at 145 and 147 Devonshire Road, The Beaumont occupies a 74,739 sq ft site just minutes away from the Orchard Road shopping belt. Source: Savills The Beaumont, a cul-de-sac residential development opposite TripleOne Somerset within the Orchard Road residential area, has been launched for collective sale with a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/Savills-The-Beaumont.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":110315,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condominium-at-nassim-road-up-for-en-bloc-sale\/","url_meta":{"origin":122835,"position":3},"title":"Freehold condominium at Nassim Road up for en bloc sale","date":"August 29, 2019","format":false,"excerpt":"\r The four-storey condominium was completed in 2008, featuring two- and three-bedroom units as well as penthouses that range from 115 sq m to 343 sq m. The owners are asking for a reserve price of\u00a0$222.68 million or $3,508 per sq ft per plot ratio (psf ppr). Beaufort On Nassim,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123406,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/elizabeth-towers-up-for-collective-sale-for-630mil\/","url_meta":{"origin":122835,"position":4},"title":"Elizabeth Towers up for collective sale for $630mil","date":"November 24, 2021","format":false,"excerpt":"\r Located at 12 Mount Elizabeth, Elizabeth Towers is a freehold site that sits on a 54,317.9 sq ft land plot. Source: Google Maps Elizabeth Towers located at Mount Elizabeth within Orchard Road has been put up for collective sale, with a reserve price of $630 million, revealed sole marketing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/elizabeth-towers.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":108500,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/phoenix-road-apartments-shops-make-second-attempt-at-collective-sale\/","url_meta":{"origin":122835,"position":5},"title":"Phoenix Road apartments, shops make second attempt at collective sale","date":"June 27, 2019","format":false,"excerpt":"\r A row of shops and apartments at Phoenix Road in Bukit Panjang has been put up for collective sale for the second time by its owners, with the price unchanged at $42 million. 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