Kingsford and MCC Land behind $890 mil bid for Chuan Park in biggest en bloc deal of 2022 so far
Market speculation has actually been rife that Kingsford is the purchaser of Chuan Park since it fully marketed all 1,862 units at Normanton Park as at end June. And this was achieved in just 18 months since its launch in January 2021
This would certainly make Chuan Park the greatest collective sale deal this year to day if the $890 million deal by Kingsford as well as MCC Land goes through.
The 1,862-unit Normanton Park is totally sold as at end June, 18 months after its launch in January 2021.
Normanton Park is a collective sale of the former 488-unit privatised HUDC estate of the very same name. Kingsford Development had actually acquired the 661,005 sq ft, 99-year leasehold website for $830.1 million. Building and construction of the brand-new 1,862-unit Normanton Park is taken care of by MCC Singapore, the construction as well as design arm of MCC Group, as …