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Kingsford Huray bags Normanton Park for S$830.1m

Published Thu, Oct 5, 2017 · 09:50 PM
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Singapore

KINGSFORD Huray Development, owned by Chinese-citizen-turned-Singaporean Cui Zhengfeng, has been awarded the Normanton Park collective sale site at S$830.1 million.

This works out to S$969 per square foot per plot ratio (psf ppr) inclusive of two payments that Kingsford will have to make to the state - a lease upgrading premium and a differential premium.

The land rate is the highest achieved for a 99-year leasehold collective sale site this year.

Located near Science Park and Kent Ridge Park, Normanton Park sits on a 660,999 square foot site that h…

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