This is some blog description about this site
SINGAPORE — Normanton Park was deserted on Thursday (Oct 4), bereft of its human inhabitants — and some pieces of signage and estate furniture — as the last residents moved out of the 41-year-old estate which had been sold en bloc for S$830.1 million.
Ahead of their move, some residents of the 488-unit condominium had gone on a souvenir-collecting spree.
SINGAPORE, long seen as a real-estate haven for the ultra-rich, has joined the league of top five cities in wooing the rich into putting their money into brick and mortar.
The biggest magnet is Hong Kong, which has attracted US$798 billion in real estate holdings from ultra high net worth individuals (UHNWI). London is second with US$676 billion, followed by Moscow (US$263 billion), Singapore (US$217 billion) and New York (US$164 billion).
The tender of the commercial site at Cecil Street/Telok Ayer Street has finally been awarded by the URA or Urban Redevelopment Authority to FC Commercial Trustee Pte Ltd (as Trustee-Manager of Aquamarine Star Trust). The bidding has attracted four tenderers. They are as follows:
New residential and office developments like V on Shenton that have been springing up in the vicinity are magnets for the well-heeled buyer.
Tenants with cash to spend like the area as well, not just for the proximity to work but also to attractions such as the Marina Bay Sands integrated resort, Gardens by the Bay and the city centre.
Interest in the area looks like being ramped up even further, with the Marina One development expected to be completed in 2017.
