10/01/2019
Freehold Condo HighPoint Goes En Bloc For $550m ✨✨
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. Located at 30 Mount Elizabeth Road, the development comprises 57 apartments and two penthouses. It sits on a cul-de-sac plot of land measuring about 47,606 sq ft.
The site is zoned for residential use under the 2014 Master Plan, with a height limit of up to 36 storeys. Its existing GFA of about 211,976 sq ft is equivalent to a plot ratio of 4.45. Assuming an average unit size of 100 sq m, the site could yield up to 196 units.
Just a short walk to the Orchard Road shopping belt, the freehold site is also near other ultra-luxurious residential developments such as The Ritz Carlton Residences and The Scotts Tower, as well as hotels like The Grand Hyatt Hotel, Goodwood Park Hotel and Grand Park Orchard Hotel.
“A site with attributes like HighPoint rarely becomes available. The potential 36-storey height will offer unblocked panoramic views featuring the lush greenery of Goodwood Hill and the CBD skyline,” said Galven Tan, executive director of capital markets at CBRE. “Its exclusivity presents the immense potential to create a one-of-a-kind Orchard Road landmark which will attract ultra-premium developers.”
If you are thinking of buying a high-end condo yourself, wait no further! Luxury comes at an attractive price today, invest in one while the time is right. Do like and follow Singapore Luxury Property to see more exciting news and project launches updates ✨✨ Alternatively, reach out to us directly!
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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 works out to $2,595 psf per plot ratio (psf ppr) or $2,509 psf ppr after taking