Please see here for updated details of Normanton Park condo
One Normanton Park is set to be the largest development in Singapore’s District 5 (Clementi area).
Occupying over 660,000 square feet of land, One Normanton Park offers a vast degree of tranquility, exclusivity and privacy for residents.
One Normanton Park is located right next to Science Park; a leading innovation hub in Singapore. More than 300 companies are housed in this R&D compound.
This presents a unique opportunity for unit owners to make consistent rental income. Many among the thousands of employees working at Science Park (and nearby industrial/commercial hubs) will be keen to rent a home so close to their work place.
Getting around the island via public transport will be a breeze. One Normanton Park is close to MRT stations like Haw Par Villa, Clementi and Kent Ridge.
Drivers will be happy to know that the new condo at Normanton Park is right beside AYE, and connects easily to CTE and MCE.
Schools nearby are plentiful as well. Prominent ones include Pei Tong Primary School, Clementi Primary School, Qifa Primary School, Nan Hua High School, Singapore Polytechnic, National University Of Singapore (NUS), National Technological University (NTU) and Singapore Institute Of Management (SIM).
Even though the new condo at One Normanton Park is not chock full of walking distance amenities, a short bus or car ride allows residents to reach several shopping, food and entertainment districts.
Clementi Central is home to shopping malls like 321 Clementi and Clementi Mall. Other mega complexes like Westgate and JEM are easily accessible via public and private transport too.
One of the major attractions enjoyed by One Normanton Park is a lifestyle filled with nature and recreational activities. Some of Singapore’s most scenic parks are located close by.
They include Kent Ridge Park, Labrador Park, Hort Park, Telok Blangah Hill Park and Mount Faber Park. Residents can look forward to many fun-filled weekends away from the busy city lights!
As mentioned above, One Normanton Park offers a unique opportunity for investors. Its short distance from Science Park and other business hubs like One-North are likely to result in a high-demand for rental units.
The next few years will see the transformation of the west into Singapore’s next CBD. This will further increase the potential for both rental demand and capital appreciation.
One Normanton Park New Condo Project Summary
|Developer||Kingsford Development Pte Ltd|
|Condo Name||One Normanton Park|
|TOP Date||Expected in 2024|
|Total Units||Estimated 1,882 units total : 1,863 strata residential units, 19 units of of strata landed houses and 8 commercial units|
|Tenure||99 Years Leasehold|
|Address||Normanton Park 118998|
|Facilities||Full Condo Facilities Including Swimming Pool, BBQ Pits, Gym, Function Rooms Etc|
One Normanton Park artist impressions
One Normanton Park Location
One Normanton Park is located close to a few MRT stations, such as Haw Par Villa, Clementi and Kent Ridge.
It is also convenient for drivers, as it is right beside AYE, and connects easily to CTE and MCE.
One Normanton Park Units
One Normanton Park is estimated to have 1,882 units in total from. It will comprise of 1,863 strata residential units from 1 to 5 bedrooms, 19 units of of strata landed houses and 8 commercial units
One Normanton Park Pricing
Kingsford Huray won the former Normanton Park with a bid of $830.1 million in October 2017 through an enbloc exercise. The land price works out to about $923 per square foot per plot ratio (psf ppr), which means that the developer could be looking to sell at S$1,600 – S$1,900 psf.
One Normanton Park Floorplans
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One Normanton Park nearby amenities
The west of Singapore is home to many renowned schools of all levels. Prominent ones include Pei Tong Primary School, Clementi Primary School, Qifa Primary School, Nan Hua High School, Singapore Polytechnic, National University Of Singapore (NUS), National Technological University (NTU) and Singapore Institute Of Management (SIM).
Residents can hop on a short bus or car ride to Clementi Central, and enjoy the various delights at shopping malls like 321 Clementi and Clementi Mall. Other mega complexes like Westgate and JEM can be reached easily via public or private transport.
Nature lovers will love the many scenic attractions close to the new condo at Normanton Park.
They include Kent Ridge Park, Labrador Park, Hort Park, Telok Blangah Hill Park and Mount Faber Park.
Comparative Market Analysis
As one of the most desirable estates in the west, District 5 properties command some of the highest prices for residential neighborhoods in Singapore.
The table above illustrates the healthy prices enjoyed by other District 5 properties.
The good news is that the new condo at Normanton Park has the potential to do even better than its counterparts.
This is mainly due to its location directly beside Science Park. As we all know, such a strategic location is likely to greatly boost the value of a property.
The key for buyers is to make their purchases early. In this way, buyers can capitalize fully on the price upswing when the new condo at Normanton Park moves toward its expected TOP date in 2024.
Capital Gain Overview
The government has repeatedly emphasized the importance of their west-side project. Their goal is to transform the area into Singapore’s next CBD within the next 3-5 years.
As a result, District 5 properties have benefited massively from this nation-building project in terms of capital appreciation.
Besides already being one of the west’s most in-demand locations, the draw of District 5 properties has now been further enhanced.
The new condo at Normanton Park’s TOP 2024 date coincides nicely with this next CBD vision.
As mentioned above, buying early is key. Fast action takers can reap the immense financial benefits associated with this west-side development.
Commercial and business like One-North and Science Park have established themselves as landmarks in the west.
Thousands of working professionals, many of them expats, ply their trades there. This has seen a stark increase in rental demand for District 5 properties over the years.
The new condo at Normanton Park is right next to Science Park. This gives investors an advantage over other District 5 properties in terms of location and preference from tenants.
Even though the table above indicates a good volume of rental transactions, the new condo at Normanton Park is likely to surpass other District 5 properties.
In other words, choosing to rent out a unit at the new condo at Normanton Park is a financially-sound decision that can provide long-term rental income.