Normanton Park has been sold to Kingsford Huray Development for S$830.1 million, which translates to a land price of approximately S$969 per square foot per plot ratio (psf ppr).

Each home owner will stand to receive about S$1.68 million to S$1.86 million.

Kingsford will have to fork out a premium of about S$231.1 million to renew the lease for another 99 years, and top up about S$283.4 million to redevelop the site to a gross plot ratio of 2.1.

The gross development value for the site is estimated at S$2.23 billion, said Mr Ian Loh, executive director and head of investment and capital markets at Knight Frank. The new high-rise development could potentially house more than 1,200 new residential units of 100 sqm.

Normanton Park, a former government housing project located off Ayer Rajah Expressway, was originally built in the mid-1970s for military personnel and their families. The 40-year-old development has 13 residential blocks of 488 apartment units with a site area of 61,408.9 sqm.

This upcoming condominium development, strategically located along Normanton Park, District 5 Singapore. Developed by prestigious Singapore-listed developer Kingsford Huray Developer. In a class of its own, the property has the convenience of the location along with extensive amenities that deserves a good choice for people who are looking for leisure living space to relax, peace with nature. Comprising of approximately 1864 premier apartments with home choices from 1-bedroom to 5-bedroom.

• Kent Ridge MRT Station approximately 1km away
• It takes about 5 minutes to drive to the Central Business District (CBD)and 7 minutes to get Orchard Road shopping belt
• Close proximity to a number of the tops school within radius 1 km
• Well-connected education locality, food and medical centers
• Highly sought oasis with architectural bliss within the picturesque beauty of the lush natural environment
• Experience level of indulgences the condo with many of its fabulous facilities
• Car park and 24 hours security
• Attractive pricing

Things you might want to know more about Normanton Park District 5

• Brochure
• Showflat
• Location
• Price PSF
• Floor Plan
• Developer Sale
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