Park Nova by Shun Tak Holdings

Where
Luxury is an
understatement

Sitting on one of the most coveted junction of Tomlinson Road & Orchard Boulevard in Singapore, the former Park House was acquired by Shun Tak Holdings via a collective sales exercise. The site has been earmarked to be developed into an ultra-luxurious residential development.

Park Nova In the News

Hong Kong listed Shun Tak Holdings announced on June 13, 2018 that it has purchased two prime sites in Singapore for a total of $593.5 million.

One was the en bloc of a prime, freehold site of 46,084 sq ft purchase of Park House at 21 Orchard Boulevard for $375.5 million. The other site purchased is located in the most coveted address in Singapore, Nassim Road. It’s a house sitting on a 66,452 sqft, freehold site at 14 and 14A Nassim Road…

PARK NOVA on Tomlinson

The Premier Location

On the very prime Orchard Road shopping belt of district 9’s Orchard Boulevard and Tomlinson Road, Shun Tak Holdings presents Park Nova.

An ultra luxury freehold residential development that offers only 54 units of bespoke residences for the select few.

* seeking indication of interest

a Shun Tak Holdings development

PARK NOVA on Tomlinson

“Our group has been diligently exploring investment opportunities beyond our Greater China home base, and Singapore is certainly one of our strategic emphasis given its robust growth”

Pansy Ho,
Shun Tak’s group executive chairman and
managing director.

a Shun Tak Holdings development

The P&T Group, the oldest and largest international architectural engineering practice in Southeast Asia Region. Our 1600-plus architects, engineers, planners and designers operate in over 70 cities, on an excess of 10 million square metres of combined floor area, annually.

P&T Award Winning Developments

Park Nova P&T The Unicorn Phayathai Thailand

2015~2021 (THailand)

The Unicorn Phayathai

2017 Asia Pacific Property Awards – Best Mixed-use Architecture Thailand

2017 Asia Pacific Property Awards – Mixed-use Architecture Thailand

2015 (Hong Kong)

The Pavilia Hill

2018 Quality Building Award – Finalists, Hong Kong Residential (Multiple Buildings)

2017 Asia Pacific Property Awards – Residential High-rise Architecture

2016 Hong Kong Professional Building Inspection Academy – Five-star Property Award

Park Nova P&T The Pavilia Hill Hong Kong

2015 (Singapore)

Skysuites @ Anson

2015 Asia Pacific Property Awards – Highly Commended Residential High-Rise Development

2015 Asia Pacific Property Awards – Highly Commended Residential High-Rise Development

2015 FIABCI Singapore Property Awards – Winner for Residential (Super High Rise)

2015 FIABCI Singapore Property Awards – Winner for Residential (Super High Rise)

Park Nova P&T Architects Skysuites
Park Nova P&T Nouvel 18

2011 (singapore)

Nouvel 18

2009 Singapore Building and Construction Authority (BCA) – BCA Green Mark Award – Gold

Park Nova P&T-Kensington-Krystal-Dubai

2007 (dubai)

Kensington Krystal

2009 Arabian Property Awards – Winner, Commercial Categories

park nova
seeking indication of interest

About Shun Tak Group

Shun Tak Holdings logo

Shun Tak Holdings Limited is a leading listed conglomerate with core businesses in property, transportation, hospitality and investment sectors. Established in 1972, the Company (HKSE 242) has been listed on the Hong Kong Stock Exchange since 1973.

The Group has a prominent and successful track record in the Macau and Hong Kong property markets. The Group owns one of the largest developable floor areas in Macau among Hong Kong listed companies. It is an important player in Macau’s property market with a host of property development projects, and has growing presence in the Greater China real estate market with investments in Tongzhou and Dong Zhi Men in Beijing, Minhang, Qiantan and Jingan in Shanghai, Hengqin in Zhuhai, Xiqing in Tianjin and Chenggong in Kunming.

The Group has also recently entered the Singapore market through the acquisition of premium properties located in central business district, building a well-rounded portfolio spanning hotel, commercial and residential developments.

111 Somerset Road is a premium commercial development strategically located within the Orchard Road precinct, surrounded by a prime shopping, entertainment and tourism belt with direct MRT access. It comprises approximately a gross floor area of 766,550 square feet of office units, medical suites and 2 levels of retail podium.

The Group acquired two plots of prime residential redevelopment sites in downtown Singapore, namely Park House (now known as Park Nova) and 14 & 14A Nassim Road (now known as Les Maisons Nassim) in 2018. Situated close to Singapore’s famous shopping and entertainment hub of Orchard Road as well as renowned Central Business Districts, the two properties will be redeveloped into luxury residential condominiums for sale.

source:
Shun Tak Group

Shun Tak spends near $0.6 bn on two prime sites in Singapore

Hong Kong-listed Shun Tak Holdings announced on June 13 that it has purchased two prime sites in Singapore for a total of $593.5 million. Both deals were brokered by CBRE.

One was the en bloc purchase of Park House at 21 Orchard Boulevard for $375.5 million, which translates to a record breaking price of $2,910 psf per plot ratio (ppr).

The prime, freehold site of 46,084 sq ft has a plot ratio of 2.8 under the 2014 Master Plan. The site can be redeveloped into a luxury residential development with a gross floor area of 129,035 sq ft. No development charge is payable.

Park House is a 60-unit development, with 56 apartments and four shop units. Each apartment owner will receive a gross payout of $6.1 million, while each shop owner will walk away with $8.1 million.

The second site purchased by Shun Tak is located in the most coveted address in Singapore, Nassim Road. It’s a house sitting on a 66,452 sq ft, freehold site at 14 and 14A Nassim Road, believed to be the former home of the Tan family of privately held investment advisory firm, Siang Kuang. Word on the street is that Siang Kuang Avenue, off MacPherson Road where there’s now an interim park, was named after the family.

The site at Nassim Road has a plot ratio of 1.4, and can be redeveloped into a new luxury residential project with a gross floor area of 93,033 sq ft. The purchase price for the Nassim Road site is $218 million. The price translates to $2,744 psf ppr, including development charge.

According to Shun Tak, the acquisitions will allow the group to enhance its existing hotel and commercial portfolio in Singapore by adding a residential component to the mix. “Our group has been diligently exploring investment opportunities beyond our Greater China home base, and Singapore is certainly one of our strategic emphases given its robust growth,” said Pansy Ho, Shun Tak’s group executive chairman and managing director. Incidentally, she is the daughter of Macau gaming tycoon Stanley Ho, 95, who stepped down as chairman of Shun Tak in June last year.

Source
Yahoo! Finance