A little more than one third of the units for sale by Normanton Park were sold at an average that was $1,750 for a square foot on the initial date of the sale, the developer Kingsford Huray Development said on Sunday afternoon (Aug 17).
From the 600 homes that were sold, the majority are two- and one-bedroom units, according to the press release. The three commercial buildings were used up.
The development, scheduled to receive Temporary Occupation Permit (TOP) in 2023, comprises 1,840 apartments and twenty two-story strata terraced buildings, and eight commercial buildings.
The majority of homeowners are Singapore citizens or Permanent residents, who can be “owner-occupiers or property investors”, Kingsford added.
Normanton Park is likely the last major project to go live for a time. Its exhibit gallery witnessed an impressive turnout of around 12,000 visitors over the 13 days of its preview during the month in spite of severe rains that fell on the two weekend prior to.
Kingsford was handed an indefinite no-sale license for almost two years on the project’s failure to comply with the requirements of an approval to sell.