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Normanton Park Pricing

Normanton Park Price List

To check on unit availability, see the Balance Units Chart

Contract DateArea(sqft)price($psf)Price($)Type of salesType of Area
25 Aug
2023
6572.1441,408,000Sub SaleStrata
31 May
2023
7752.0001,550,000Sub SaleStrata
10 Jul
2022
1.0871.8452,060,000New SaleStrata
8 Jul
2022
1.0871.8492,100,000New SaleStrata
7 Jul
2022
1.0871.8522,130,000New SaleStrata
6 Jul
2022
1.0871.8802,044,000New SaleStrata
6 Jul
2022
1.0871.8992,065,000New SaleStrata

(All prices for Normanton Park  displayed here are for reference purposes. Prices are subject to change from time to time without prior notice. This webpage cannot be held responsible for any inaccuracies, omissions and/or dispute.)

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normanton park condo price

Normanton Park is a premium residential complex located in Singapore that offers a range of luxurious condominium units. The pricing for these units varies depending on the size, type, and location of the unit within the complex.

The Normanton Park en-bloc deal is one of the biggest seen in Singapore. It was sold for $830.1 million, which is $30 million in excess of the reserve price. Normanton Park Condo was built in the mid-1970s by the Ministry of Defense with the purpose of fostering camaraderie among its officers. It is approximately 660,999 sq ft in size and encompasses 13 blocks of 488 apartments. It was a well-loved home by its residents as it was located near nature parks.

Kingsford Development is the winning bidder for the site. The developer was interested in the land due to its redevelopment potential and its proximity to the Buona Vista growth area, which includes One North and Science Park.

The developer must make additional payments of $2.834 million in differential premium and $2.311 million in lease top-up to 99 years in addition to the $830.1 million Normanton Park condo price tag that Kingsford paid for the site. The eventual price tag for Kingsford for the Normanton Park site is $969 PSF per plot ratio based on a gross floor area of 1.39 million square feet, the plot ratio being 2.1.

Analysts concluded that this is one of the highest Normanton Park prices per square foot per plot ratio a developer has paid for a leasehold of 99 years of land which is a great thing for a new buyer.

As above-mentioned, the land cost of Normanton Park, or Normanton Park selling price, is $1344.6 million. Factoring in construction costs, taxes, marketing, and other costs, which are estimated to be $665 million. Therefore, the estimated breakeven costs for Kingsford Waterbay to launch Normanton Park before the developer margin are $1,448 Normanton Park price PSF per plot ratio. If we include a 20% developer margin, the estimated launch price could be $1,738 psf.

Besides being a desirable location for homeowners, Normanton Park also has a lot to offer those looking to make a profit in the real estate market. Its central position and the city’s consistent property value growth ensure investors a high rate of return.

The summary of Normanton Park PSF is:
Land Cost: $969 psf ppr
Estimated Construction Cost: $368 psf
Estimated Professional Costs and Taxes: $94 psf
Estimated Marketing Cost: $17 psf
Estimated Breakeven: $1,448 psf
Developer’s Profit Margin: 20%
Estimated Launch psf: $1,738 psf

Last Updated: January 22, 2024

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