Public tender for High Point to close on 28 July

The property was relaunched for sale in March with a guide price of $550m.

The public tender for High Point will be closed on 28 July, its marketing agent, Savills, announced.

The 22-storey tower was relaunched for sale in March with a guide price of $550m which translated to a $2,508 per plot ratio after factoring in the 7% bonus gross floor area (GFA) for balconies.

“The development charge payable for the 7% bonus GFA is about $18.8m,” said Savills.

High Point is located at 30 Mount Elizabeth and comprises 57 apartments and two penthouses.

Under the 2019 Master Plan, the 47,606 sq ft of the property’s site is zoned ‘’Residential’’ with an allowable gross plot ratio of 2.8 and has a height control of up to 36-storeys.

High Point has an existing gross floor area (GFA) of approximately 211,976 sq ft, (PR4.45).

The site can be redeveloped into a 36-storey ultra-luxurious tower of say 98 units assuming an average size of 200 sq m per unit, said Savills.

Buyers planning to redevelop up to 196 units of the property will also not be required by the LTA to conduct a pre-application feasibility study.

Follow the link for more news on

Savills

property for sale

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia