Updated: May 20
Normanton Park Review Rating: 88
Development : 9/10 Transportation Link : 7/10 Surrounding Amenities : 8/10 Prices : 8/10 Future Changes : 10/10
If you are looking for a luxurious, peaceful and quiet home with beautiful greenery and sea view, search no more, because, Normanton Park is one of the New Launch development that you should take a look at it.
Normanton Park is located in District 5, a 99-year leasehold development, off Ayer Rajah Expressway, Singapore.
It was a former government housing project which was sold to Kingsford Huray Development through a tender exercised in October 2017 for a price of S$830.1 million. S$30 million above the reserve prices and it has a development site of 660,999 sqft.
It's a glorious structure, abundant facilities, high security. Its aims to give Normanton Park residents the best view nature has to offer, makes it stands out amongst other buildings in the area.
A total of 1862 units will be built in this Residential Development as recorded on the URA website.
22 terrace houses and 9 residential blocks of 24 storey, 1840 of residentials units comprising of 1-bedroom, 2-bedrooms, 3-bedrooms, 4-bedrooms and 5-bedrooms type. 60 % to 70% of the units will be the 1-bedroom and 2-bedroom types.
In addition to the residential blocks, there will be a restaurant and 7 units of shops within the development to serve the residents.
2 level of the basement car park, swimming pool and full condominium facilities.
When will Normanton Park launch for Sales?
The initial launch date for Normanton Park was in December 2019. Still, due to a no-sales licence is being issued to the developer, Kingsford Development Pte Ltd can only commence construction but cannot sell any units before Temporary Occupation Permit (TOP) obtained.
Controller of Housing (COH) also required Kingsford Development Pte Ltd to obtain Quality Mark certification for Normanton Park to assure homebuyers that “their housing units are constructed and finished to a reasonable standard of quality”, says the URA spokesperson.
I happened to pass by the construction site on 22nd October 2020, its look like the foundations works for Normanton Park is completed. The development is in the process of construction of the units.
3 ½ years is the average completion of new launch residential development in Singapore. Normanton Park should be able to obtain the Temporary Occupation Permit (TOP) in another 24 months times.
Unless the developer can obtain Sales Approval from COH, otherwise, the sales of Normanton Park can only happen after TOP obtained.
Latest updates as of today, 9th December 2020, Developer eventually got its sales licence to sell. The project is ready to launch for sale.
Why should you consider Normanton Park?
If looking for a new Launch is your serious thought, Normanton Park could be one of the primary considerations. There are so many reasons why you should consider Normanton Park.
Normanton Park is the only residential development in the Greater One North ( The One-North Business District, Maple Tree Business City, Science Park II and Science Park I) Science Park I is just beside the development and you can literally walk over to your workplace.
For investors, this is a rare development that has a good mixture of 1 & 2 bedrooms units that able to serve the higher educated professional tenant's pools within Greater One North. This group of tenants will be more willing to pay a slight premium to the rental price, allowing the investors to have a better ROI.
For people looking for a homestay, the development itself will be able to give you the peaceful, quiet environment and yet with full facilities of a resort living. The only set back will be public transportation, the MRT station is quite a distance away. To compensate that, the developer provides 4 shuttle services for the residents, 2 buses to Kent Ridge MRT station and 2 buses to Bouna Vista MRT station.