Reserve an Appointment to see Normanton Park Show Flat and get Direct Developer Cost + Discount Rates. Normanton Park Condo which has a huge land size of 661,005 square feet, is located in the District 05, along Normanton Park, off Science Park Drive, which citizens can travel to reach Kent Ridge Mrt Station, serving the Circle Line. South-West of Normanton Park is Kent Ridge Park, where there are the low-rise reisdential estate of Pasir Panjang. Kent Ridge Park can be accessed by South Buona Vista Road Normanton Park. Taking A Trip along Portsdown Opportunity through Portsdown Flyover, on the North-East of Normanton Park, citizens will reach Queensway amd Alexandra Road.
Normanton Park is a new condo, retaining the former privatised Normanton Park, which was sold to Kingsford. for $660.1 million. The price, with an extra lease top-up premium estimated at S$ 231.1 million payable to the state to top up the lease to a fresh 99 years, and differential premium of approximately S$ 283.4 million to redevelop the website to a gross plot ratio (GPR) of 2.1 based on the optimum acceptable Gross Flooring Area (GFA) of roughly 1,388,099 sq ft, equates to a land rate of approximately S$ 969 per square foot per plot ratio (psf ppr). With the addition of a 10% bonus offer terrace and a proposed plot ratio of 2.31 (2.1 + 10% terrace), the land cost exercises to roughly S$ 923 psf ppr, based on the authorities’ approval.
Completed in late 1977, Normanton Park provided a total of 488 low-cost” housing systems; 440 of which were in its five 23-storey high point-blocks. Another 48 were found in 8 3-storey walk-up house blocks. Costs ranged from $36,500 to $39,500 for the 122 square metre point-block systems, which were set out in the exact same style as HDB 5-room point-block flats of the mid-1970s). The bigger 153 square metre walk-up apartment or condos were sold at $ 65,000. These were provided to regular officers of the Singapore Army (SAF) with the idea that a cantonment like environment could be developed to cultivate bonding amongst military officers in the very same way officers’ messes did for the British military and likewise bring spouses and families of military officers together.
The previous Normanton Park has actually been authorized for the advancement of 1,863 apartment or condos, 19 strata landed houses and eight industrial systems on the site. However, COH stipulated a number of conditions that Kingsford Huray needs to fulfil under the no-sale licence: strict compliance with the Real estate Developers (Control & Licensing) Act and the Real Estate Developers Rules; the developer is not enabled to sell any units in the advancement without COH’s previous approval in writing”; and Kingsford Huray needs to acquire Quality Mark certificates for all units in the Normanton Park real estate advancement. The certificates have to be acquired before an application to COH to offer the systems can be made.