CK Asset Holdings’ Perfect Ten to open to public on Dec 8

By Felicia Tan / EdgeProp Singapore | November 23, 2021 3:53 PM SGT
Photo: CK Asset Holdings
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SINGAPORE (EDGEPROP) -- The sales gallery of Perfect Ten, a project by prominent luxury property developer CK Asset Holdings, will open to the public on Dec 8.
The freehold condominium is a redevelopment of the former City Towers on Bukit Timah Road, which CK Asset Holdings purchased for $402 million in 2019.
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Located in prime District 10, Perfect 10 will have twin towers of 24 storeys with a total of 230 apartments. The project is designed by acclaimed Singapore-based architectural firm, DP Architects. Units will have a panoramic view, with 80% enjoying a view of the Bukit Timah Nature Reserve.
"In recent months, many investors have been buying luxury properties in Singapore," comments Christine Sun, senior vice president of research and analytics at OrangeTee & Tie. "Demand may also strengthen further as more Singaporeans, PRs and foreigners return to Singapore [with more vaccinated travel lanes set up]." (Check all latest Singapore property Market Trends)
CK Asset Holdings is the flagship of Hongkong billionaire Li Ka-Shing. Headquartered in Hong Kong, it is one of the city’s largest property developers, with a portfolio that includes many of the city’s landmark buildings and complexes, such as luxury residential project 21 Borrett Road in Hong Kong’s Mid-Levels. A unit at 21 Borrett Road set a price record in Asia with a transaction of $23,000 psf.
Perfect Ten is not the group's first project in Singapore. Past projects in Singapore include Thomson 800, Thomson Grand, Cairnhill Crest and Stars at Kovan. CK Asset Holdings was also part of the consortium with Keppel Land and Hongkong Land that developed One Raffles Quay office towers and the Marina Bay Financial Centre. Li was also one of the Hong Kong tycoons behind the development of Suntec City.
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