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A Successful En-Bloc of Normanton Park

Brought to You by
Kingsford Huray Development

Enjoy Lush Greenery and
Unblock Views to the City
Potentially 1,200 Residential Units
Catering to your Choices

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PROJECT DETAILS

 
 

Normanton Park, a former government housing project, located off Ayer Rajah Expressway, has been sold to Kingsford Huray Development through a collective sales, in the 4th quarter of 2017, for S$830.1 million. The owners of the development, each got an average of between S$1.68 million and S$1.86 million. 


Build in the mid-70s, Normanton Park has a site area of 661,005 square feet and is located in the West Region of Singapore, bounded by Normanton Park, Science Park Drive and Wimchester Road. It comprises of 13 residential blocks of 488 apartment units. With a gross plot ratio of 2.1, this new housing development is expected to house approximately 1,200 residential apartments.


The sales price will translate to a land rate of about S$ 969 psf per plot ratio and additional premium of around S$231.1 million to top up the lease from a 71 years lease to a fresh 99 years and S$283.4 million for redevelopment of the site to the gross plot ratio of 2.1 and intensification of the 661,005 sqft of land. The estimated breakeven amount is likely to be around S$x,xxx psf. Hence, the approximate selling price of the new units in this private condominium, will be averaging to about S$1,xxx psf, assuming a target profit margin of 10%.

 

New and Upcoming Condo at Normanton Park is conveniently located. Residents of Normanton Park will find educational institutions that inlcude New Town Primary School, Anglo-Chinese School (Independent), Fairfield Methodist primary and secondary schools, National University of Singapore, Singapore Polytechnic and Insead.  New Condo at Normanton Park is nearby to New Town Parimary School, Fiarfield Parimary School and Queenstown Primary School. The Global Indian International School (Queenstown Campus) is also about 1km away.


The nearest MRT Station is Kent Ridge MRT Station which is approximately 1km away. Residents can easily transit to Haw Par Villa MRT Statiion and Pasir Panjang MRT Station.


New Condo at Normanton Park- Connectivity
There is easy link for those who are driving to Centre which seamlessly connects them to the Ayer Rajah Expressway (AYE). Future residents of New Condo at Normanton Park can also connect to the Central Expressway (CTE). It will take approximately 5 minutes’ of driving to get down to the Central Business District (CBD) from New and Upcoming condo at Normanton Park. It will take approximately 7 minutes’ of drive to get to Orchard Road Shopping belt. 

New and upcoming Condo at Normanton Park is wiithin short distance to
Kent Ridge MRT Station,
Haw Par Villa MRT Station,
One North MRT Station,
Labrador MRT Station,
Bouna Vista MRT Station and
Telok Blangah MRT Station, serving the Circle Line (CCR).


Alternatively, residents can choose to transit to 

Commonwealth MRT Station
Queenstown MRT Station

 

New Condo at Normanton Park is a short distance away from Queenstown Shopping Centre


New Condo Launch at Normanton Park- Amenities
New Condo Launch at Normanton Park- Education
New Condo Launch at Normanton Park- EBrochure
New Condo Launch at Normanton Park- Price

 

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Project  New Condo at former site of Normanton Park
Developer  Kingsford Huray Development
Location  Normanton Park
District  04
Tenure  99 years leasehold
Site Area  61,408.9 square metres/ 661,005 square feet
GFA:
Plot Ratio  2.1
Expected TOP:
Total Units  Approximately 1,200 residential apartments
Total Carpark
Development  Condo comprising of communal facilities
Unit Type:
Architect
Eligibility SC, SPR and Foreigner can buy

LOCATION and AMENITIES

normanton-park

Amenities Near New Normanton Park

Category Important Amenities Near New Condo at Normanton Park Approximate Distance
Train Stations Kent Ridge MRT (CC24) 
Haw Par Villa MRT (CC25)
Pasir Panjang MRT (CC26)
1km
1.1km
 1.2km
Bus Stop
Supermarkets


 

Shopping Malls Anchorpoint Shopping Centre 
West Coast Plaza 
Harbourfront Centre
1.6km
3km
4km
Education Institutions Preschool
Primary
Secondary
Junior College
Anglo-Chinese Junior College (ACJC)
Tertiary
Management Development Institute of Singapore (MDIS)
National University of Singapore (NUS)
International
Global Indian International School (Queenstown Campus)
ISS International School
Tanglin Trust School
Food Centre Mei Chin Road Block 159 Market
Commonwealth Avenue Block 40A Food Centre
ABC Brickworks Food Centre
Alexandra Village Food Centre
Tanglin Halt Food Centre
Tanglin Halt Road Block 48A Market and Food Centre
Commonwealth Crescent Market
Redhill Lane Block 79 Market
Redhill Lane Block 85 Food Centre
Bukit Merah Central Block 163 Food Centre
Lifestyle Queenstown Stadium
Queens Townclub
Temasek Club
Delta Sports Complex
Tanglin Public Golf Course
Telok Blangah Hill Park
Hortpark
Singapore Botanic Gardens

ONE NORTH: BIOPOLIS, FUSHIONPOLIS and MEDIAPOLIS

One-North

The vision for one-north is steadily becoming reality as world-class research facilities, business parks and commercial spaces continue to be developed here to provide quality business spaces and to support activities in biomedical sciences, physical sciences, engineering, infocomm technology and the media industry.

The development of Nepal Hill, planned as a leadership training and development hub, is also progressing well. Four Acres Singapore, the first global leadership development centre outside of London for the global conglomerate Unilever, opened this year.

Major industry names like Procter & Gamble, Lucasfilm, ESSEC Business School and MediaCorp have also committed substantial investments to develop their own facilities, which will contribute to the flourishing of the research and business communities at one-north when completed.

At Fusionopolis, construction has commenced for Phase 5 which will pioneer the “Work Office Home Office” (“WOHO”) concept offering flexible spaces for office, living and lifestyle functions. Infinite Studios, the first development within Mediapolis, was completed recently and houses Singapore’s largest soundstages.

KINGSFORD HURAY DEVELOPMENT WON TOP BID FOR FORMER CONDO SITE OF NORMANTON PARK THROUGH EN-BLOC SALES

SINGAPORE: Normanton Park has been sold to Kingsford Huray Development for S$830.1 million, the latest in a flurry of en bloc sales sealed this year.

The collective sale price, which translates to a land price of approximately S$969 per square foot per plot ratio (psf ppr), is the highest land rate for a 99-year leasehold collective sale site this year, said marketing agent Frank Knight in a news release on Thursday (Oct 5).

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.

A public tender was launched on Aug 22 and closed on Oct 5, and 87.3 per cent of the owners have consented to the sale.

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 sq m.

“New homeowners can potentially enjoy lush greenery views and unblocked views to the city,” Mr Loh added.

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 sq m.

“We could not have done it without the support of the majority of owners. The sale committee thanks them as well,” said Mr Sukhvinder S Chopra, chairman of the sale committee and a retired colonel from the Singapore navy.

Source: ChannelNewsAsia 4th October 2017

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