Everything you need to know about Normanton Park

Aug 30

Normanton Park Condo This brand new mega condo is located in Normanton Park. Kingsford Development proudly developed this condo on a 99-year leasehold parcel of land. The condo was once a Normanton Park HUDC. It will soon be transformed into an exciting development with close to 1900 units that can be used by future homebuyers and investors.

The former Normanton Park sale price was $830.1 million in one of the most record-breaking collective sales deals in Singapore. It was also the highest price paid for land in terms of price per sqft per plot, especially for 99-year leaseholds.

Kingsford Huray Development Pte Ltd won the bid. This added payment, which amounts to $231 million, boosted the lease to 99-years. It is also quoted that there will be a fee of about $284 million, redeveloping the site to a gross plot ratio of 2.1, on the basis of the maximum permissible gross floor area of about 1.4 million sq ft. With that purchasing land price, you may check the attractive Normanton Park Price.

Normanton Park condo is conveniently located in a highly accessible location. It's just a few blocks away from Ayer Rajah expressway AYE, near Science Park Drive, and a few stops from Kent Ridge MRT. The development is surrounded by prestige schools and business parks, with the Kent Ridge Park right behind.

There are not many units for sale in Kent Ridge. This will create a demand. With Kingsford development impressive record of attractive pricing for previous residential units, Normanton Park developer sells almost a third of the 1862 units on the launch day.

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