30 Oct 2018

Collective sale of Park House

Partner Norman Ho and Associates Dexter Yeo and Noah Ang acted in the S$375 million collective sale of all the strata lots and common property in a 60-unit freehold residential development known as Park House in Orchard Road, Singapore, to ShunTak Cuscaden Residential Pte. Ltd., a wholly-owned subsidiary of Hong Kong-listed Shun Tak Holdings Limited. The sale translates to a record price of S$2,910 per square foot per plot ratio, on the maximum allowable gross floor area of 129,035 square feet and garnered 100% consensus amongst all the registered proprietors of the development, setting a new pricing benchmark for collective sales in Singapore.