High Point's freehold District 9 residential site launched again for collective sale at $580 mil

Jovi Ho

09/03

The $580 million guide price is unchanged from its previous attempt in April. 30 Mount Elizabeth in District 9, has been launched for collective sale via public tender for a sixth time since 2019. ...

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","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4606":"AI电力股","URA":"Global X Uranium ETF"},"translate_title":"High Point 的第 9 区永久业权住宅用地再次以 5.8 亿美元的价格集体出售","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"URA":1},"content_text":"The $580 million guide price is unchanged from its previous attempt in April. 30 Mount Elizabeth in District 9, has been launched for collective sale via public tender for a sixth time since 2019. High Point, a freehold residential site at 30 Mount Elizabeth in District 9, has been launched for collective sale via public tender for a sixth time since 2019. \nThe $580 million guide price is unchanged from its previous attempt in April. It translates to approximately $2,645 psf per plot ratio (ppr), after factoring in the 7% bonus floor area. No land betterment charge is payable for redevelopment up to the baseline plot ratio of 4.45, says marketing agent ETC. \nSitting on a prime elevated site of approximately 4,422.8 sqm (47,607 sq ft), 30 Mount Elizabeth is nestled in one of Singapore's most exclusive enclaves for ultra-luxury residences, offering developers an opportunity to develop a new ultra-luxury residential project in the Orchard vicinity. \nThe site is zoned for residential use under the Urban Redevelopment Authority's (URA) Master Plan 2025, with a building height control of up to 36 storeys. The site's elevated position offers spectacular panoramic views across the city skyline and beyond, says ETC. \nCompleted in 1973, High Point has 57 apartments and two penthouses. Hong Kong-listed Shun Tak Holdings walked back its $556.7 million winning bid for High Point in December 2021, less than a month after it announced the acquisition, and forfeited its $1 million tender deposit.\nThe move came close to two weeks after the government introduced cooling measures, raising additional buyer's stamp duty (ABSD) and tightening the total debt servicing ratio (TDSR).\nETC last offered High Point up for public tender in April, which closed on June 9. \n\"30 Mount Elizabeth stands out for its scale and positioning,\" says ETC head of investment advisory Swee Shou Fern. \"An elevated land plot of 47,607 sq ft, the site offers developers greater flexibility in shaping a sizeable ultra-luxury residential project.\"\nThe last freehold residential site sold for a super-luxury condominium development was 21 Anderson in September 2021 at $213 million (or $2,490 psf ppr). To date, the project has sold 16 units, or close to 85%, in the 19-unit development. Units at 21 Anderson have achieved an average price of $4,931 psf, with the highest psf price recorded at $5,347 for a 417 sqm unit sold in September 2025.\nIn 2Q2026, 13 residential units priced above $$10 million and achieving more than $4,000 psf were recorded. Among these, a unit at 21 Anderson achieved $5,013 psf ($22.5 million) in April, representing one of the notable high-value transactions in the quarter. \nSubsequently, in July, a 274 sqm unit at Skywaters Residences set a new high for the month, transacting at $5,880 psf, or $17.34 million.\n30 Mount Elizabeth is fundamentally a land-scarcity story, adds Swee. \"The combination of a prime elevated Orchard location and a sizeable freehold residential plot of 47,607 sq ft offering scale to curate an ultra-luxury residential development is increasingly difficult to replicate today. For developers looking to replenish their landbanks with a differentiated prime residential offering, 30 Mount Elizabeth presents a timely opportunity to secure a site with genuine long-term scarcity value.\" \n30 Mount Elizabeth is located within a stone's throw from Orchard and Somerset MRT Stations. Popular schools located nearby include Anglo Chinese School (Junior) within 1km, and St Joseph's Institution Junior, Singapore Chinese Girls' School and St Margaret's Primary School are located within a 2km radius.\nThe public tender closes at 3pm on Oct 12.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}