Daily Archives: July 17, 2022

Kingsford and MCC Land behind $890 mil bid for Chuan Park in biggest en bloc deal of 2022 so far

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The 1,862-unit Normanton Park is totally offered as at end June, 18 months after its launch in January 2021.
Normanton Park is a cumulative sale of the previous 488-unit privatised HUDC estate of the exact same name. Kingsford Development had bought the 661,005 sq ft, 99-year leasehold site for $830.1 million. Building of the new 1,862-unit Normanton Park is dealt with by MCC Singapore, the construction and also engineering arm of MCC Group, as well as is arranged for completion by end following year.

Market conjecture has been raging that Kingsford is the purchaser of Chuan Park given that it completely offered all 1,862 units at Normanton Park as at end June. And also this was achieved in just 18 months given that its launch in January 2021

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This would certainly make Chuan Park the most significant collective sale deal this year to date if the …