High Point Condo En Bloc Sale 2026 – Freehold D9

The Prime Orchard Freehold Site Launches Fifth En Bloc Attempt at S$580 million Amid Rising Ultra Luxury Demand and Limited Supply in District 9

A familiar name in Singapore’s prime property landscape is making headlines again.

High Point, a freehold condominium perched above the Orchard Road corridor, has returned to the market with a bold S$580 million collective sale attempt.

This marks the fifth time owners have pursued an en bloc deal since 2019, but market conditions today tell a very different story.

With renewed momentum in the ultra-luxury residential segment and tightening supply in District 9, this latest launch is drawing fresh attention from developers and investors alike.

Key Facts Buyers and Developers Need to Know

👉 Freehold condominium in Mount Elizabeth, District 9
👉 Asking price set at S$580 million
👉 Land rate estimated at S$2,641 per square foot per plot ratio
👉 Site area approximately 4,422.8 square metres
👉 Maximum building height allowed up to 36 storeys
👉 No land betterment charge required for redevelopment
👉 Potential end product pricing around S$5,000 per square foot

Ownership Structure Before the Collective Sale

High Point’s en bloc journey has not been straightforward.

The most notable attempt came in 2021 when a deal was secured with Shun Tak Holdings for nearly S$556.7 million.

However, that transaction collapsed shortly after new cooling measures were introduced by the Singapore government.

The increase in Additional Buyer’s Stamp Duty significantly impacted foreign buyer demand, prompting the developer to withdraw and forfeit its deposit.

Since then, market sentiment has gradually shifted, setting the stage for this renewed attempt.

Prime Site with Strong Redevelopment Potential

Located in the prestigious Orchard area, High Point condo sits on elevated land with strong redevelopment fundamentals.

The site is zoned residential and offers developers flexibility to build up to 36 storeys, compared to the existing 22 storey structure.

One of the most attractive aspects of the site is the absence of a land betterment charge, which improves project feasibility.

Combined with its freehold status, the site positions itself as a rare trophy asset in Singapore’s core central region.

At a land rate of S$2,641 per square foot per plot ratio, developers face a clear pricing challenge.

To maintain viable margins, the eventual development would likely need to achieve average selling prices of around S$5,000 per square foot.

This places the project firmly within the ultra-luxury segment, targeting high net worth individuals seeking exclusivity and long term capital preservation.

Singapore’s Ultra Luxury Market Gains Momentum

After a period of slowdown following the 2023 cooling measures, Singapore’s high end residential market has shown clear signs of recovery.

👉 17 ultra luxury homes priced above S$10 million were sold in Q1 2026
👉 The Marq on Paterson Hill recorded transactions near S$5,937 per square foot
👉 21 Anderson achieved an average of S$4,932 per square foot with strong take up

This rebound reflects renewed confidence among both local and international buyers, particularly those viewing Singapore as a stable and secure wealth hub.

Industry experts highlight that the timing of this en bloc launch is significant.

The Orchard Road area currently has a limited pipeline of new ultra luxury freehold developments.

As demand strengthens among ultra-high net worth individuals, sites like High Point are increasingly seen as rare opportunities rather than speculative plays.