THE tender for the collective sale of Normanton Park, near Science Park and Kent Ridge Park, has been launched with a reserve price of S$ 800 million, which translates to S$ 898 per square foot per plot ratio (psf ppr).

This is the eleventh tender for a collective sale to be launched this year.

Normanton Park’s unit land price of S$ 898 psf ppr is inclusive of two payments that the developer of the 660,999 square foot site will have to make to the state.

The Business Times