The most appealing aspect of Canninghill Piers condo, a luxury residence with a premium price is its ideal spot on River Valley Road, near the highly sought-after District 9.
Two towers designed for the centrally located Canning Hill Piers will soon be built over Liang Court (Liang Court site). They will provide stunning Singapore River views, city views and access with Central Business District. Central Business District.
Expats are awestruck by River Valley. River Valley for its accessibility to childcare services, great schools, and the variety of kid-friendly spots.
This is a great option from the perspective of capital gain.
Investors who are looking for greater rental yields will find the lower unit prices appealing, especially when they want to let in a location that draws renters who are constantly moving upwards.
Canninghill Piers Investment Potential
Both homeowners and investors the best real estate properties are readily available to be purchased
Clarke Quay is located in the center of the city.
Only a few minutes to Singapore’s Central Business District, (CBD).
City living, with riverfront views of Fort Canning Park and Singapore River
Adjoins River Valley, an exclusive community designed for families with children and expats.
Excellent road and transport connectivity
The Underground connection connects to Fort Canning MRT Station
Liang Court’s Redevelopment
It was the former Liang Court site, which was owned by three consortium partners CapitaLand and City Developments Limited (CDL) The property was purchased at a cost of $400m. The site’s redevelopment is scheduled to be completed by 2024. It will be an mixed-use 99-year leasehold development which includes residential as well as commercial space. Moxy will be operated through Marriott International, and Somerset-branded residential serviced apartments.
The total surface area is 100,263 square meters. Residential occupies about 60,000 square meters.
Canninghill Piers, Somerset serviced apartments, and Moxy are scheduled to be completed in the second quarter of 2024.
Canninghill Piers can be found in the CCR. This region includes the country’s most popular districts District 9, 10 11, and the Downtown Core as well as Sentosa.
District 9, a neighboring region that is an area for shopping and is a top residential area, has an indicative price of 99-year leasehold houses which are not yet completed at $2,550 for a square foot.
For properties that are less than five years old the median per month rent will be S$5.30 per square foot.
The trend of prices for District 9 properties that are not landed has been growing since May. The highest number of units sold in April were sold at an average of $2,536 per square ft.
The decline in May resulted from a decrease of launches in the second quarter and Singapore was under the Heightened Alert in that time. This slowed shows a flat trend and could delay buyers making their decisions.
Back in 2017, Kingsford Development acquired the former Normanton Park condominium via an en-bloc sale for a whopping $830.1 million.
Okay, I’m going to be very honest and upfront here.
Initially, I didn’t like any of the previous projects by Kingsford Development, a Chinese property developer.
I was concerned about their previous projects Kingsford Waterbay & Kingsford Hillview Peak.
Just by visiting their appalling show apartments, I had doubts about their ability to deliver quality homes to their prospective buyers.
These projects were, to be fair, good value for money due to their location. They were not great value because of their poor built quality.
True enough, Kingsford Development was hit with a no sale license for the Normanton Park condo in 2019.
It was because some of the Kingsford Waterbay condos didn’t conform to the building requirements. These requirements were based upon the Building Control Act and Regulations as set by authorities.
Kingsford Development is able to proceed with Normanton Park construction thanks to the no-sale licence. It is forbidden to sell any of its units off-plan, without the approval of the Controller of Housing (CoH).
All is now done. Since January 2021, Normanton Park is officially available for sale.
So, is Normanton Park condo a good buy? Is it worth taking a risk?
Let’s go over some details. I will then share my thoughts and personal review at the bottom of this post.
Normanton Park Project Details
1 – 63 Normanton Park
Kingsford Huray Development Pte Ltd
P&T Consultants Pte Ltd
684,523 sq ft
Total number of units
1,862 (inclusive of 22 strata terrace houses)
Total number of carpark lots
1,862 (inclusive 22 private parking lots for terrace houses & 3 lots for commercial shops)
Number of blocks
Number of storey
24-storey (9 blocks) and 2-storey (22 terrace houses)
Expected TOP date
Normanton Park Developer
Kingsford Development (Xin Feng Di Chan ) is the developer of Normanton Park condominium. This property arm of China-based Kingsford Group is Kingsford Group.
The Normanton Park launch is the third private residential development that Singapore has under its portfolio since 2011. Kingsford Development chairman, Mr Cui Zhengfeng
Kingsford Group, a subsidiary of Kingsford Garden, made its debut on the Shenyang real estate market in 2001.
It has also developed many commercial and residential projects in China over the past two decades.
Kingsford Development also developed Kingsford Waterbay, Kingsford Hillview Peak and Kingsford Garden.
Normanton Park Location
Normanton Park condo is located between Normanton Park enclave and Science Park Drive. This means that Normanton Park in Singapore is zoned under District 5.
It is located on a large site, right next to Kent Ridge Park’s undulating greens.
You will see that the map doesn’t show many high-rise buildings.
Certain units in the condominium will have the opportunity to take in the scenic views from their homes.
On top of that, there are other things worthy to take note of for the location of this new launch condo at Normanton Park.
Greater Southern Waterfront
This is not a new concept. It’s been discussed and widely discussed for the past couple of years.
The Singapore government’s largest redevelopment project at the moment is the Greater Southern Waterfront.
Marina Bay is 6 times larger!The Greater Southern Waterfront project
This massive 2,000-hectare site has been envisioned to be the ‘Waterfront City of the Future’ by the Urban Redevelopment Authority (URA) of Singapore.
What can we expect as a result? You can expect new skylines, an entertainment hub and themed attractions.
This is another popular attraction in Singapore. Living near Normanton Park will give you a better and more convenient access to this landmark.
To make things even more exciting, a new road will be constructed connecting Portsdown Road to South Buona Vista Road. Source: URA.
This means that it not only reduces travel time and distance but also gives Normanton Park residents convenient and direct access the Greater Southern Waterfront City.
This is why homebuyers also gravitate to nearby launch condos like Avenue South Residence or Kent Ridge Hill Residences.
In the heart of key business nodes
Normanton Park is strategically located in the heart of key business hubs in Singapore.
It is located close to 2 major business areas – the Central Business District (or Jurong Lake District).
It is also close to key business clusters like the International Business Park and Alexandra Business Cluster, Buona Vista Business Cluster, Buona Vista Business Cluster, Buona Vista Business Cluster, One-North Business Park.
This would be a huge plus for those who commute to these areas every day, or work there.
Normanton Park is a great investment option for those who work in these areas.
This is a large pool of potential tenants.
You can see the One-North Business Cluster, which is the most close among them all. It already houses more than a dozen multinational corporations (MNCs), local businesses, and public research institutions.
Razer, a globally-respected company, is opening a new Southeast Asia headquarters in the one-North Business cluster.
Normanton Park reminds me a lot of The Interlace condo (which can be found not far from here). It is a popular place for expatriates to rent.
However, I will touch on rental demand later in this post with some numbers.
Nearby top universities
Parents who want to enroll their children in a well-respected primary school should not be concerned about Normanton Park condominium being within a 1-km radius.
Fairfield Methodist School (Primary), Queenstown Secondary School, and New Town Primary School are the only primary schools still within the 2-km area.
Schools such as the Singapore Polytechnic and the National University of Singapore are close by if you’re looking for tertiary institutions.
You can’t forget INSEAD, one of the most prestigious and respected business schools in the world.
The Tanglin Trust School, which is only a 5-minute drive from the Tanglin School, is a great option for parents who want to send their children to international schools.
Normanton Park Condo Facilities
You can almost be certain that the area will offer a wide range of amenities for residents, with a total land area of over 600,00 square feet and 1,862 residential units.
Normanton Park is a full condominium project that offers more than 100 lifestyle amenities.
You will find many water-based and aquatic facilities that can be used by individuals and families.
Water features in the project will create a tranquil and calming atmosphere for residents at night.
The following site plan will give you a better idea of the available condo facilities.
Normanton Park Floor Plan & Unit Types
Normanton Park is made up of 1,862 private residence units and 22 strata terrace homes. The unit types and the floor plans will be featured in another post. Do keep a lookout.
Normanton Park Showflat Location
The Normanton Park Showflat is right next to the actual development site. You will find directions to the showflat as you approach the condominium site.
According to the most recent update, the showflat is open for viewing daily from 11am to 7pm. The hours of operation may change.
Due to COVID-19, it is necessary to schedule a viewing appointment at the time this post was written.
If you’re interested in Normanton Park condos, please contact us at 61005566 or visit our website.
Normanton Park Price Guide
Below is a quick overview of the Normanton Park price indicator for each unit type. It is based on availability (as at 25 March 2002).
Type of unit
517-657 sq ft
1-Bedroom + Study
560 to 700 square feet
646 to 797 square feet
721 to 893 square feet
2-Bedroom + Study
829 to 980 square feet
904 to 1,109 square feet
1,066 to 1,249 Sq Ft
4-Bedroom Compact + Study
1,195 to 1,346 square feet
1,313 to 1,496 Sq Ft
1,615 to 1,798 square feet
2,110 sq ft
However, these prices may change in the future.
For the most current information on each unit type and availability, please contact me.
Normanton Park Review
In an earlier post, I discussed the poor track record of Kingsford Development.
Based on my 10 years of experience in the trade, this was the first time that I saw a Singaporean developer get a no-sale permit for failing to meet construction (and safety) standards.
They were all over the news, and it was almost impossible to conceal them from potential homebuyers in Normanton Park.
Investors and homebuyers have additional assurances that they will get a high-quality home.
All units must pass the Quality Mark assessment by BCA
Normanton Park’s sale license has a condition that requires all units to pass the Quality Mark assessment of the Build Control Authority (BCA). This is different from other condo launches.
You can refer to the BCA’s website for more information on its Quality Mark assessment.
Developers don’t have to undergo the Quality Mark assessment. It is a voluntary program, so it shouldn’t be compulsory. It is mandatory for Kingsford Huray’s Normanton Park condo.
Investors and homebuyers will have peace of mind buying Normanton Park property as they know that all units are being closely monitored and evaluated by the authority.
There is nothing to be concerned about quality, despite this developer’s poor track record.
Even if Normanton Park is as bad as the previous 2 projects, Kingsford Waterbay or Kingsford Hillview Peak, does that mean you’re buying a bad property.
Strategic location with more to follow
The location is an important factor in deciding whether to purchase a property.
If you take a look at Normanton Park’s current location, there isn’t much to be excited about.
No MRT, no malls nearby, no good schools, etc.
If you look at the URA Master Plan 2019 from a wider perspective, you’ll see its immense potential.
It’s easy for the government, being in the middle of the two largest business districts in Singapore, and in close proximity to key business clusters to plan for more homes.
Portsdown Avenue will see more residential developments. It is located just across the Ayer Rajah Expressway from Normanton Park condo.
If more homes are made available for sale by government agencies, this would indicate that there is a demand for housing in the region. This is often the catalyst that causes home values and prices to rise.
Normanton Park has a lot of data that I need to analyze and I don’t want to overload the site with all these numbers and stats.
Reach out to me if you’re interested in learning more. I’m happy to share my analysis.
Low quality homes equal no value
Let’s not forget about the fact that Kingsford Development has a poor track record.
It is important to ask if it has any value.
Logistically, one would assume that property of poor quality is not worth investing in or buying. It will affect its value.
Here are some transactions at Kingsford Waterbay condos and Kingsford Hillview Peak condos.
You can see that the quality does not seem to impact buying interest, even from homebuyers/investors that actually saw the finished product.
Other factors will ultimately determine the property’s value.
The Final Word
Normanton Park is a wonderful place to be. If you visit the site, you’ll see why it is so famous. It is hard for passersby to miss it or not give it a second look.
The whole development is stunning and I have nothing to complain about, except the inconvenience.
Normanton Park condo is a great option for those who are familiar with the area and can travel by car most days. Its price (on average $1,750 to $1.850 PSF), its added ‘confidence’ from BCA and its future upside make it a worthwhile investment.
Many people would believe that my words are less credible because the real estate agency to which I am attached is marketing the property.
But, I have always tried to see a condo from the consumer’s perspective and evaluate it objectively based on facts.
Normanton Park has a lot of data that I need to analyze and I don’t want to overload the site with all these numbers and stats. It’s extensive, especially in price comparison.
House improvements don’t just involve making your home look better. The following article will show you some amazing home improvement projects.
Paint that is of exceptional quality for exterior painting should always be purchased.
Weather stripping can make your home more energy-efficient by covering your doors and windows with it. This inexpensive fix can help you save a lot on heating and cooling costs.
Solar panels are a great way to improve your home’s energy efficiency. Solar panels can help you save money on your energy bills as your home will only use the sun’s energy. This is also a great way to reduce your property’s cost.
An excellent and beautiful door is a great investment. Visitors will come to your door every time they pass through it. A doorway that is not insulated can help you to reduce heat. If the door’s framework or jiggly lock makes it easier to get in and out of your home, this could be a safety issue.
Water damage can be caused by blocked gutters during rainy seasons. Leakages in the cellar can be caused by clogged gutters. To prevent this, make sure you clean your gutters.
Purchase additional bricks for home improvements. When there are repairs that need to be made, it is almost impossible to match the colours. Bricks are constantly being upgraded in design.
Stain your cellar flooring for a more appealing cellar. It is a cost-effective and stylish way to improve the look of concrete floors. Look for areas that promote glow. They will make your floors appear more expensive than they are.
No matter how even your kitchen flooring is, you must ensure that the kitchen cabinets are installed flat. Start at the highest point of your kitchen flooring. After that, place a benchmark line along the wall of each cupboard to ensure they are flat.
Are there areas in your yard where marijuana doesn’t seem to grow? Get grass seed to grow your lawn. You want your yard to look well-maintained. Your yard should look its best.
Imagine the amazing movement of a safety alarm when your home is transparent.
When considering home improvement projects, be sure to take into account the local ecology and weather patterns. For example, if the weather is extremely windy in your area, you may not need a deck.
If you place your broom and bristles on the floor together, the result is that bent bristles work faster. Your mop might be able to prevent mold by using a special method.
You can create alcoves and markets with different accent colors or backgrounds to match the back surface of the inlaid area.
Home-improvement projects can not only improve the look of your home, but also increase its value and quality. This article should provide you with valuable information and methods for home improvement. These tips should be helpful in getting you started. You can start reaping the rewards by getting started now.
You can make significant money as a realty consulting company owner. However, you must be willing to take risks and be careful. To start your own real estate service business, you need to do plenty of research. You will need to be meticulous about your planning and know where your main focus should be at all times. These practical tips will help you grow your business.
A key part of any successful business development plan for real estate services is setting goals. You can create a business plan that includes realistic goals and a detailed business plan. Specific goals are key to planning for your potential success with your real estate consulting business. You can make your goals too difficult and discourage people.
Most businesses take time to establish a reputation and turn a profit. Your success will depend on how much time, energy, and resources you have available when you start your real estate service business. You’ll be able to create a business that you are happy with by keeping your eyes on the long-term and allowing your business to grow. A business’s growth and expansion requires that the owner remain focused or disappointment could occur.
When you achieve a success in your real-estate services business, celebration should be a part of your life. However, this does not mean that you should abandon your business without thinking about it. To be successful in your business, you must oversee it with constant arranging and experimentation with new ideas for expansion. You can make your business more profitable by focusing 100% of your efforts on making your real estate consulting firm successful. Companies that embrace change and seek out innovative ways to improve their real-estate services business are more likely to survive difficult economic times.
Real-world experience is essential if you want to succeed in the real estate service industry. According to them, gaining practical experience will help people understand the best practices for running a real estate agency. Experience working in other businesses is the best way to learn how to manage your own profitable business. While you may be able to pick up valuable tips and tricks from business books, your business career is only as solid as the skills that you have gained through direct work experience.
A real estate consulting firm’s success depends on its customers being happy. If you make your customers unhappy, they will likely stop buying from you. This can lead to a negative reputation for your real estate consulting business. To ensure that your customers leave positive reviews, you must provide the best service possible. Here are some suggestions to help you keep your customers satisfied.
When you hire someone to work for your real estate service business, be cautious. To ensure they are qualified, you will want to verify their credentials and experience. After you have hired someone, make sure they receive the proper training to perform a great job. One thing unites all successful businesses: happy, well-trained staff.
Don’t let the success of your real estate business fool you. Businesses that are successful are well managed and continually trying new strategies for growth. A single focus on success is the best way to build a profitable business. It will make it easier to keep your business afloat in difficult times by ensuring your business is adaptable and open to new ideas.
A successful business plan for real estate services must include effective goal setting. You can build a profitable business by creating a detailed marketing plan with realistic goals. You can outline the growth and success of your business by setting realistic goals. It is important to set realistic goals and be able to accomplish them.
Real estate agencies must ensure that their websites are professional in order to stay competitive. Expert web planners are available to help you if you don’t have the time or desire to create a stunning website. You will make your website more attractive and successful by choosing visually appealing layouts. It is vital that you have a website that stands out in today’s market for real estate services. You need to ensure that your agency’s online presence is both dynamic and appealing.
Failure is when businesses take on too many risks and fail to do proper risk analysis. Even the best businesses can be hurt by poor investments, especially large ones. Your real estate services business is more likely to be destroyed if it has a greater hazard. So minimize your risk wherever possible. Before you commit to any of the options, make sure that your real estate consulting firm is fully examining them all.