Normanton Park hits new high of $1,926 psf

By Atiqah Mokhtar / EdgeProp Singapore | September 2, 2021 9:54 AM SGT
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SINGAPORE (EDGEPROP) - In this week’s column, we look at condominium projects that have achieved new highs in terms of price psf and those that have seen new lows, based on URA Realis data for the period of Aug 14 to 22.

Highest psf transactions

The highest transaction recorded on a psf basis was for a 560 sq ft unit at Normanton Park which changed hands for $1.08 million, or $1,926 psf on Aug 22.
A 560 sq ft unit at Normanton Park changed hands for $1.08 million on Aug 22 (credit: Samuel Isaac Chua/The Edge Singapore)
The development, a project by Chinese developer Kingsford Huray Development, made waves following its launch in January this year after a third of its residential units were sold on its first day of launch.
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The 99-year leasehold property is located in Queenstown in District 5 and is expected to obtain its temporary occupation permit (TOP) in January 2023. Comprising nine 24-storey towers, the development has a total of 1,862 residential units made up of 1,840 high-rise apartments and 22 strata terraced houses. It also has eight commercial units. (See: Find Singapore commercial properties with our commercial directory)
The apartments encompass a mix of one- to five-bedroom apartments, with sizes ranging between 495 to 1,615 sq ft. The unit that changed hands for $1,926 psf is located on the 22nd floor and comprises one bedroom with an additional study area.
Besides being within the vicinity of one-north, Normanton Park offers direct access to Kent Ridge Park. It is also within short driving distance to Queensway Shopping Centre and Ikea Alexandra.
Another property that has scored its highest transaction in terms of price psf is The Belmont. A unit on the fifth floor measuring 3,100 sq ft sold for $5.88 million, or $1,897 psf on Aug 17. T
The Belmont is a freehold condominium located off Belmont Road in prime District 10, comprising just 10 units located in a single block.
The condominium is located within walking distance to Holland Village and Holland Village MRT Station along the Circle Line. (See: Discover insightful data of any Singapore condominium with our condo directory)

Lowest psf transactions

One Meyer, a freehold apartment located along Meyer Place in District 15’s Marine Parade, saw a new low in terms of price psf when a 1,033 sq ft three-bedroom unit changed hands for $2.53 million, or $2,445 psf on Aug 22.
One Meyer is targeted for completion in mid-2023 (credit: Sustained Land)
The boutique development by Sustained Land comprises 66 units with a mix of compact two- and three-bedroom apartments. The sizes of the units range from 614 to 1,033 sq ft. One Meyer is expected to obtain its TOP in mid-2023.
The apartment is located across the road from Katong Park and the upcoming Katong Park MRT Station on the Thomson-East Coast Line.
The project is a redevelopment of the former 11-unit The Albracca which sits on a 23,400 sq ft freehold site. It is located across from Katong Park, with East Coast Park also a short distance away.
Haus on Handy is another development that saw a new psf low, following the transaction of a two-bedroom unit measuring 603 sq ft on August 17. The unit, located on the seventh floor, was sold for $1.57 million or $2,610 psf.
Haus on Handy is a 99-year leasehold project by City Developments (CDL) located in District 9, off Orchard Road. The project site — the last residential development plot available on Handy Road — was sold to CDL in January 2019 after it outbid nine other competitors.
Haus on Handy reached a new low when a 603 sq ft, two-bedroom unit sold for $2,610 psf (credit: CDL)
The development has a mix of one-, two- and three-bedroom premium and dual-key units, with sizes ranging from 420 to 980 sq ft. A total of 188 units are located across two residential towers. The project is expected to complete in July 2023.
Haus on Handy is a two-minute walk across the road to Dhoby Ghaut MRT Station and The Cathay.

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