Normanton Park Condo New Launch by Kingsford Development 61008833

Normanton Park Rental Yield

Strategically Located Luxurious Condominium With Ready Tenants

Analyzing Normanton Park Rental Yield

 

Whether it is a home for one’s own stay or a property for lease, Normanton Park’s location presents an attractive residential development on many fronts. This is due to its advantageous proximity to business parks such as one-north, Science Park as well as Dover Knowledge District.

 

Job opportunities and potential tenants can be tapped in Science Park 1 and 2, Fusionopolis, Biopolis, Mapletree Business City and Mediapolis. The National University of Singapore, INSEAD Asia Campus, ESSEC Asia-Pacific business school, Dover Court International School, United World College, Tanglin Trust School, Anglo-Chinese School (Independent),  and Crescent Girls’ School are also nearby.

 

This is good news to Normanton Park investors since it is has a good mixture of 1- & 2-bedroom units that are most suitable for  professional executives working within Greater One-North. With limited supply of residences, usually tenants are more willing to pay a slight premium to the rental price. This allows the investors to have a better ROI.

Comparative Analysis : Rental Yield From Nearby Condos

For simple Normanton Park rental yield comparison, we choose One North Residences and The Rochester Residences which are located within 2km north of Normanton Park, and within Rest of Central Region (RCR).

 

Based on recent 3-month rental contracts, both condos are commanding more than S$3000 monthly rent ! Usually, such rental yields can only be found in Core Central Region (CCR) ie Downtown city, in areas like Orchard, Newton, Novena, Holland and Bukit Timah areas. This is a sign of very strong demand. But what is the reason behind such high rentals ?

Why Can Command Such High Rentals?

So far, there are only 4 condos located at northern Greater one-north, supplying close to 2000 units. As of now, there is no other residential developments in the immediate vicinity. Normanton Park has the distinct advantage of being the only one next to Science Park. From the current workforce of Greater one-north (approximately 50,000 knowledge workers) and student-staff strength of Dover education hub (more than 50,000), the number of condo units for rent is definitely under-supply! To achieve such phenomenal returns, there is only one secret….LOCATION , LOCATION, LOCATION !

 

At a very affordable Entry Price, Normanton Park residents are going to reap HUGE RETURNS from this HUGE pool of readily available tenants.

 

Disclaimer:

No two properties are identical. All price information on this page are meant only as a guide, to provide you a feel of new/nearby condo prices in the vicinity of Normanton Park. They are not meant to be and should never be taken as “investment advise” and/or “recommendation” to buy Normanton Park and/or any other property.

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