NORMANTON PARK
 |  |  |  |
|---|---|---|---|
 |  |  |  |
 |  |  |  |
 |  |  |  |
Normanton Park is a 99-year leasehold condo situated off the Science Park commercial cluster. This magnificent and iconic condominium comprises a total of 1,863 strata residential units, 19 units of strata landed houses and 8 commercial units.
One Normanton Park is nonetheless the perfect home for nature lovers. The condo offers a peaceful hilltop scenery, away from the buzz of the city. This condo would provide a much-needed retreat for occupants to wind off and relax after a long day.
Normanton Park Project Information
Why Buy Normanton Park ?
-
Nearby Kent Ridge MRT Station approximately 1 km away
-
It takes about 5 minutes to drive to the Central Business District (CBD) and 7 minutes to get Orchard Road shopping belt
-
Nearby a number of the top of schools
-
Well-connection education situation, food and medical centers
-
Experience level of indulgences with many of its facilities
-
Predominantly surrounded by numerous business parks & medical centers, including One-North Business District, Science Park I & II, Mapletree Business City, NUH as well as Alexander Hospital, and premier educational institutions, such as NUS, making it a great investment for own stay or rental.
-
Well connected by major expressways
-
Highly sought oasis with architecture bliss within the picturesque beauty of the lush natural environment
Unit Mix
About the Developers
Kingsford Huray Development was incorporated in 2011 by China-based Kingsford Group. Since entering the real estate industry in 2000, the Kingsford Group has developed a number of commercial and residential projects in Singapore and China.
In 2012, Kingsford Development commenced property development in Singapore with Kingsford Hillview Peak, a 512-unit condominium at Hillview Avenue. It then went on to develop Kingsford Waterbay, a mixed used development at Upper Serangoon View comprising of 1,165-unit condominium and retail shops. Kingsford Development won the Singapore Prestige Brand Award - Global Brands in 2019.
Not all smooth sailing
Kingsford Huray Development encountered a roadblock during its development for Normanton Park. In April 2019, it received a no-sale license for Normanton Park, with the Controller of Housing (COH) citing failure to meet requirements for previous project Waterbay.
However in December 2020, COH gave the go-ahead, conditionally requiring Kingsford to complete a Quality Mark assessment for all units, prior to applying for the Temporary Occupation Permit (TOP). The Quality Mark is a voluntary scheme ensuring quality workmanship for each unit.
With the statutory boards' extra eyes for this development, we can be assured of a safer buy for One Normanton Park purchases.
Purchase & Breakeven Price
In late 2017, Normanton Park was sold for $830.1 million, including an estimated $231.1 million to top up the lease to 99 years. Another fee of about $283.4million was also incurred to redevelop the site to a gross plot ratio of 2.1. With a totalling bid of $1.34 billion and an inclusion of $712.6 million consisting land financing, marketing and construction cost estimates, the breakeven comes up to approximately $1,482 PSF PPR.
A safe bet is to add on 20% on top of this for developer mark-ups, which brings us to an average of $1778 PSF.
Facilities
Technology &
Environmental Friendly Features
