This would certainly make Chuan Park the most significant cumulative sale deal this year to date if the $890 million offer by Kingsford and MCC Land goes through.
First product on the agenda was to give an upgrade on the percent of devices (by strata location as well as by share value) that had signed the extra joint arrangement to modify the book rate to $890 million. According to resources, the identity of the programmer has not been revealed to the owners of Chuan Park yet.
The 1,862-unit Normanton Park is completely sold 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 actually 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 …