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Normanton Park enbloc sale to Chinese company Kingsford Huray Development

Cecil Lee · 2018-07-09T08:22:39+0000

Normanton Park was built in the 1970’s specifically for the Singapore Armed Forces personnel. A typical 5 bedroom point-block flats The sale price was a whopping $830.1 million. And is considered the largest collective sale price for a 99 year leasehold property. In fact, this Chinese development in addition to the above needs to top up $231.1 million to "reset" this property to a new 99 year lease. By October everyone has to clear out. On average each owner received $1.6 million. Paid a final visit to this site..before This October where the new owners / developer reclaim their land.