{"id":123735,"date":"2021-12-10T02:18:46","date_gmt":"2021-12-09T19:18:46","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shun-tak-acquires-high-point-for-557mil\/"},"modified":"2021-12-10T11:12:45","modified_gmt":"2021-12-10T04:12:45","slug":"shun-tak-acquires-high-point-for-557mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shun-tak-acquires-high-point-for-557mil\/","title":{"rendered":"Shun Tak acquires High Point for $557mil"},"content":{"rendered":"


\nLocated at\u00a030 Mount Elizabeth, the 22-storey residential property, High Point, has been acquired for $557 million by Shun Tak Holdings.
\nShun Tak Holdings, via its wholly-owned subsidiary Shun Tak High Point, has acquired District 9 residential development High Point for $557 million.
\nThe group intends to redevelop the property \u2013 which is its fifth property acquisition in downtown Singapore within five years \u2013 into a luxury residential development with project completion set in 2027.
\nLocated at the peak of Mount Elizabeth within the Orchard Road residential area, the 22-storey residential development was launched for en bloc sale in October with a guide price of $550 million. The price was unchanged from its earlier en bloc bid in 2019.
\nCompleted in 1973, the freehold development occupies a 47,606 sq ft site that is zoned for Residential use under the 2019 Master Plan with an allowable gross plot ratio of 2.8 and a height limit of up to 36 storeys.
\nIt is a mere seven minutes\u2019 walk to Orchard Road MRT station and is near various amenities including Mount Elizabeth Hospital, Paragon Medical, Singapore Botanic Gardens as well as private clubs Tanglin Club and The American Club.
\n\u201cWith the acquisition of this fifth property, we shall further expand our portfolio and foothold in Singapore and continue to bring in top-quality and unique elements to enrich the vibrant development of the city,\u201d said Pansy Ho, Group Executive Chairman and Managing Director of Shun Tak.
\nShe noted that the successful launches of their previous projects, including Park Nova and Les Maisons Nassim, demonstrated \u201cShun Tak\u2019s strength in developing high quality residential projects with innovative concepts and creative touches that well-matched the demand of discerning buyers from both local and international markets\u201d.
\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.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Shun Tak acquires High Point for 7mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Located at\u00a030 Mount Elizabeth, the 22-storey residential property, High Point, has been acquired for $557...<\/p>\n","protected":false},"author":1,"featured_media":123736,"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-123735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/HighPoint-30-Mount-Elizabeth-crop.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wbJ","jetpack-related-posts":[{"id":91372,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/park-house-in-district-10-sold-for-record-2910-psf-ppr\/","url_meta":{"origin":123735,"position":0},"title":"Park House in District 10 sold for record $2,910 psf ppr","date":"June 14, 2018","format":false,"excerpt":"\r The freehold development along Orchard Boulevard was sold to a unit of Hong Kong-listed Shun Tak Holdings for $375.5 million. (Photo: CBRE) Park House, a freehold 60-unit development along Orchard Boulevard in District 10 has been sold for $375.5 million, which works out to a record $2,910 psf per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5492,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shun-tak-points-to-unique-house-numbers-to-differentiate-its-latest-luxury-project-from-competition\/","url_meta":{"origin":123735,"position":1},"title":"Shun Tak points to unique house numbers to differentiate its latest luxury project from competition","date":"February 23, 2016","format":false,"excerpt":"\r Shun Tak Holdings, chaired by Macau tycoon Stanley Ho Hung-sun, is following the trend of major Hong Kong developers in selling luxury residential developments on the south side of Hong Kong Island.\r \r Source : South China Morning Post\r Read more...Shun Tak points to unique house numbers to differentiate\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120642,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shun-tak-makes-a-splash-in-its-singapore-property-debut-selling-a-duplex-penthouse-at-park-nova-for-a-record-us26-million\/","url_meta":{"origin":123735,"position":2},"title":"Shun Tak makes a splash in its Singapore property debut, selling a duplex penthouse at Park Nova for a record US$26 million","date":"June 10, 2021","format":false,"excerpt":"\r Shun Tak Holdings, one of the flagship companies controlled by the clan that dominates Macau\u2019s gambling industry, has smashed Singapore\u2019s price record for luxury homes with its high-profile entry into the city state\u2019s high-end property market.\r\rPark Nova, a collection of 54 large apartments in a high-rise tower about 10\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64780,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shun-tak-reverses-loss-to-post-hk699m-interim-profit-on-strong-property-sales\/","url_meta":{"origin":123735,"position":3},"title":"Shun Tak reverses loss to post HK$699m interim profit on strong property sales","date":"August 28, 2017","format":false,"excerpt":"\r Shun Tak Holdings, which runs businesses from property to shipping and hotels, reported first half net profit of HK$699 million, reversing a HK$53 million loss in the same period last year, boosted by strong property sales. The Hong Kong-listed company said in a statement on Monday that its revenue\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115865,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-buyers-shun-developers-sales-overtures-as-economic-slump-deters-families-from-capital-commitments\/","url_meta":{"origin":123735,"position":4},"title":"Hong Kong home buyers shun developers\u2019 sales overtures as economic slump deters families from capital commitments","date":"April 25, 2020","format":false,"excerpt":"\r Hong Kong\u2019s weekend home sales flopped for the fourth time in six weeks, in another sign that the residential property industry\u2019s worst slump in a decade has some ways to go before recovering.CK Asset Holdings sold 11 of the 170 Seaside Sonata flats on offer in Sham Shui Po\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118144,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-top-developers-shun-shouson-hill-tender-as-property-becomes-hot-potato-amid-us-china-tensions\/","url_meta":{"origin":123735,"position":5},"title":"Hong Kong\u2019s top developers shun Shouson Hill tender as property becomes \u2018hot potato\u2019 amid US-China tensions","date":"August 11, 2020","format":false,"excerpt":"\r Many of Hong Kong\u2019s biggest property tycoons are staying out of a keenly watched residential property sale by the US government to \u201cstay onside\u201d, as the asset becomes a \u201chot potato\u201d amid worsening US-China relations.Li Ka-shing\u2019s CK Asset Holdings, the city\u2019s second-largest developer, submitted an offer for 37 Shouson\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123735"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=123735"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/123736"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}