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Thursday, December 31, 2020 – 11:33 am
UPDATED Thu, Dec 31, 2020 – 12:28 pm
ALMOST two years after its developer was slapped with a no-sale license, the Normanton Park private residential project can now go on the market.
However, there are several conditions attached to the sale of your units, to protect the interests of home buyers.
The development, located in District 5 and adjacent to Kent Ridge Park, will open for public preview on January 2, 2021, Kingsford Huray Development said in a press release Thursday.
Normanton Park will likely be the project’s biggest launch next year, with a total of 1,862 residential units, which are equipped with smart home features, the Chinese real estate developer added.
You are expected to obtain your temporary occupancy permit (TOP) in 2023.
Kingsford received a no-sale license in January 2019 for the project, prohibiting it from selling units before earning the TOP, although construction could still begin.
That came after the Building and Construction Authority (BCA) found that some construction sites, such as windows and barriers at the company’s previous project, Kingsford Waterbay along Upper Serangoon View, had deviated from requirements. regulatory. Angry residents there reportedly criticized the Chinese company for poor construction works.
Feedback received from buyers of another condo, Kingsford Hillview Peak, near the Hillview MRT station, was also taken into account at the time, The Business Times (BT) reported.
Kingsford Waterbay was ordered to halt construction works in December 2017, and that was lifted only after the rectification works were completed. Separately, the developer was fined S $ 130,000 in July 2017 for repeated security breaches at the Hillview Peak project workplace.
The no-sale ban was lifted on November 30 for Normanton Park, according to the Urban Redevelopment Authority (URA) website. Instead, a sales license was issued.
A URA spokesperson told BT on Thursday that in issuing the project’s sales license, the Housing Comptroller had taken into account the fact that Kingsford had completed the Waterbay project “satisfactorily” with the certificate of legal completion (CSC). and the titles issued.
The Hillview Peak condo also received its CSC and titles, and the developer “has also taken steps to address issues previously raised by home buyers,” URA added.
For Normanton Park, one of the conditions of the imposed sales license is that all of its units must pass the BCA Quality Mark assessment before Kingsford can apply for a TOP.
Kingsford noted in its statement Thursday that Normanton Park will seek to obtain the Quality Mark certification, which measures the quality of workmanship in each housing unit of a newly completed private residential project, after which it may become one of the developments. largest developments in the country to achieve this for all of its units.
URA told BT last year that generally that requirement is “so that home buyers can be sure that their housing units are built and finished to a reasonable quality standard.”
Normanton Park has 1,840 one- to five-bedroom units and penthouses in nine 24-story towers that surround swimming pools. Of the one- and two-bedroom units, 230 include a study.
On the ground floor there are 22 two-story strata terraces with direct access to the adjoining pool and a private parking lot each.
In addition, there are eight business units, comprising seven stores each measuring 43 to 44 square meters (square meters) and a restaurant with a size of 104 square meters.
Indicative prices start at more than S $ 700,000 for one-bedroom condominium apartments, S $ 1 million for two-bedroom units, about S $ 1.5 million for three-bedroom units, and S $ 2 million for Singapore dollars for the four bedroom units.
Indicative prices for the five-bedroom apartments range from nearly S $ 2.8 million to S $ 3.2 million.
Strata terraced homes are priced starting at around S $ 3.4 million, while commercial units are priced at S $ 2 million and up.
Kingsford said the development has about 110 lifestyle facilities that provide a wide range of recreation and relaxation options.
It is close to the Southern Ridges green corridor, which includes Kent Ridge Park, HortPark, and Mount Faber Park.
Also very close to Normanton Park are business centers such as Singapore Science Park 1 and 2, Mapletree Business City, Fusionopolis, Biopolis and Mediapolis.
The five marketing agencies of the megaproject are ERA Singapore, Huttons Asia, OrangeTee & Tie, PropNex and SRI.
The sales gallery and showrooms are located at 1 Normanton Park. Visits are by appointment only.
Kingsford is owned by Cui Zhengfeng, a Chinese citizen turned Singaporean. The company purchased the Normanton Park site in October 2017 for S $ 830.1 million, in one of Singapore’s largest block purchases at the time.
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