Units were sold at an average price of $1,640 psf, according to UOL. Demand was seen across all unit types, including the large format units, such as the three-, four- and five-bedroom apartments. “We believe the buyers like the well-designed layouts with strong product attributes that meet changing lifestyles and integrate live, work and play,” says Jesline Goh, UOL Group chief investment and asset officer. For a project with over 600 units, to have sold more than 70% of the total in one day is outstanding, especially following the Controller of Housing’s restrictions on the reissue of options to purchase.
The project has a mix of two- to five-bedroom units. Average price of units sold was $1,790 psf, although starting prices were from $1,668 psf, 60% of the units sold were the four- and five-bedroom units, making up the “Luxury Collection” at Ki Residences. Four-bedroom units account for 58 units, with sizes from 1,245 to 1,711 sq ft. Premium five-bedroom apt, with sizes from 1,819 to 2,239 sq ft, make up just four units in the entire project. Prices of these units are upwards of $2.15 million ($1,707 psf).
By 7pm that evening, buyers had snapped up 110 of the 120 units released. This translates to 92% of units released, or about 28% of the total units in the development.
Huttons Asia's Kiwi Lim believe Normanton Park condo will perform very well during its preview next month in Jan 2021 as its strategically located next to S'pore Science Park, well connected to One-North Biz Park, 5 Mins Drive To NUS, NUH and beside the green nature of Kent Ridge Park. Price is attractive too as the developer has hinted that their one bedder may be priced from $7xx k onwards.