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Normanton Park sold in record for lease-hold collective sale

Normanton Park was sold on Thursday (Oct 5) to Kingsford Huray Development for S$830.1 million, making it the highest land rate for a 99-year leasehold collective sale site so far this year.

“The gross development value for this project is estimated at S$2.23 billion. The new high-rise development could potentially house more than 1,200 new residential units of 100 sqm on the site, and new homeowners can potentially enjoy lush greenery views and unblocked views to the city.”

“(Normanton park is in) an up and coming area as it is located near the Science Park and One-North. It is also located close to good schools and the National University Hospital, catering to a wide variety of home-buyers,”

– October 5, 2017

Read Full Article at http://www.todayonline.com/singapore/normanton-park-sold-en-bloc-s8301m-record-lease-hold-collective-sale-year

Posted in Enbloc Sale / Collective Sale, Singapore Property News and tagged , , .