NORMANTON PARK
UrbanLens Analysis
NORMANTON PARK trades at $2,075 PSF, sitting 28% above the District 05 median of $1,618 PSF. At 14 minutes from Kent Ridge MRT (1087m), transit access is passable but not a differentiator. ELTA fetches $2,547 PSF nearby -- that 19% gap frames NORMANTON PARK's relative value proposition.
A 10.3% appreciation over two years is healthy without looking frothy. 202 transactions over two years gives deep liquidity and reliable pricing signals. For context, PARC CLEMATIS has gained 5.9% over the same period.
With ~92 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Gross yield of 3.7% tracks the RCR average of 3.5%. At $5,416/month median rent, income is market-rate -- neither a standout nor a weakness.
At 1862 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC CLEMATIS | $2,081 | 3.5% | +5.9% |
| ELTA | $2,547 | — | 0.0% |
| FABER RESIDENCE | $2,150 | — | 0.0% |
| BLOOMSBURY RESIDENCES | $2,504 | — | 0.0% |
| CLAVON | $2,046 | 3.5% | +17.8% |
PSF Trend
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