Review on One Normanton Park. Biggest Launch in 2021?

One Normanton Park
Is this project worthy to buy for investment?
First I will sort out a few factors for you to gain clarity.
1. Land Price - Did the developer get it at a good price?
2. Location - We know this is important :)
3. Launching Price - Will the developer launch it above or below 15% profit margin?
4. Exit Strategy - Is it easy to sell at a profit 3 years later?
**Finally I will give an overall savvy scoring. (This is based on my estimation before the launch day. If price is lower than expected, scoring will be adjusted :)
Check it out and subscribe to my channel :)
For any property tips and advice, do msg me at savvyeric or urgent purchase/advice at 8606 0670.

[@minesolve]

I rate it a 8-9 if done by another developer, but 4 because it’s done by Kingsford. Kingford property can’t buy one 😂

[@savvyericchiew]

🤣

[@LeeLee-bo4ly]

Your review is transparent and fair yet funny. Unlike other agents who kept saying it is good buy and shouldn't missed out NP. Please continue to make such videos. :)

[@savvyericchiew]

I appreciate that!

[@kendrickcan3919]

Really like your videos. Very truthful and hear the real stuff unlike all the property agents where they will say everything about the new projects is good and best.

[@savvyericchiew]

Property agents are working for developers and they can't say it's bad when they are marketing the project. That's why it is important for buyers to be savvy to choose the right project :)

[@lynnkueh]

So true. And is a ripple effect. All those agents will tell all the potential buyers that price is going up and will miss the boat blah blah. We are so blessed to have KZbin and Eric here.

[@tederic88]

buying is an emotional hype.. reality strikes when selling it ...LOL

[@savvyericchiew]

Yes! Buying is easy, Exiting the property is not. Choose the right property is very important!

[@Coolwater_TED]

This guy really hate this project !! Nonetheless honest answer 👍

[@foohouseproperties3664]

love it brother, keep it honest...

[@savvyericchiew]

Always!

[@andrewie4]

Hilarious video. Always a joy to watch your video Eric. No bull shit video as usual. Ahahaha. keep doing videos eric. Happy new yr!!!

[@savvyericchiew]

Thank you! With encourage like yours. It will motivate me to do more videos. Cheers and happy new year to you and family!

[@sek898]

eh life educator suan u sia, In his pinned ig post he say "many gurus, some whom people paid thousand of dollars to give lousy reviews about Normanton Park". Chloe (self proclaimed investing/option guru) also stay Normanton Park. He got Normanton Park 2bd room unit (bought in 2021) and recently bought a landed at casuarina road from another clown Resh. Used to be renting landed, suddenly can afford to buy one. I realized this group of clowns (life educator, sean seah, chloe, resh, max koh, etc) tend to hang together

[@savvyericchiew]

Lol who is that? Seems that this person is doing well can buy landed 👍

[@marcochen245]

Fyi, for Queens peak overall quantum is too high. Lousy and squeezy interior layout, looks like a Dbss, no condo feel. Worst, units facing mrt are difficult to sell. Damn noises and dusty. Even for rental, I would not be in the right mind to rent a place like this as there are many more units to rent in Queenstown estate.

[@sun41566]

Where is your updated video of NP? I heard once you mentioned you will change Your Rating of NP. Please share link i can not find

[@sgboon]

Now 527sqft at 1M is it a good buy?

[@savvyericchiew]

🤢🥴😵‍💫

[@hhspore]

cui = smithereens :-)

[@lynngor8]

Sad....don’t know why I never sell a single Treasure at Tampines and Normanton park

[@lynngor8]

Ronan my good friend...how come you buy never ask me

[@hhspore]

just a fyi, 'no sale licence" does not mean that the developer cannot sell the condo units. rather it means that the developer cannot sell any of the units BEFORE TOP. This is to protect the buyers from a developer that has flouted some building regulations in the past. Thanks for sharing your analysis on all the new launches. Very interesting and useful. Thank you !

[@savvyericchiew]

They appealed and got the licence afterall. :)

[@81uiop]

Hi, how is the breakeven price calculated? I understand that launch price is 15% of breakeven price

[@cjchen467]

Hi Eric, thanks for your review. Very educational. May I ask what is your view on Parc Clemantis?

[@sun41566]

If It's this bad.. How come it was Enblocked?! Is developer stupid Pay soo much..

[@savvyericchiew]

Developer business perspective, if I can enbloc at a good price and build 3 times more than the current number of units, I will make money then I will enbloc. 💰💰💰

[@bennysoh4141]

Now how many psf for Normanton Park?2100psf?

[@savvyericchiew]

Currently only saw 2 subsale should be more than 2100psf

[@gparamaeswary7276]

Only 1 barbecue pit?

[@TheKentforte]

Actually I don’t agree with most of the things you said, I used to live at the old Normanton Park for a few years during mid 2000, i don’t drive, and traveling to other places was never a problem, bus stop literally just outside the property, so it doesn’t mean that a property which is not near MRT will be a lousy property to invest, the only thing i agreed with you was that the developer’s poor track record.

[@tederic88]

not lousy only you are competing w other better located projects w same prices

[@TheKentforte]

@@tederic88 I think the price quite compatible with new launch like clavon which also not near MRT.

[@LeedonLee]

Shoddy works internally 😂

[@choolim6483]

Won’t buy the terrace house

[@hummit]

Good video! Ulu place. Never buy Ulu place.

[@savvyericchiew]

Great that you think so too. Sadly not many felt the same :(

[@HaHa-l3k]

There are total 71 property agents bought at 1st day

[@savvyericchiew]

Really? I hope they make money 3 years down the road!

[@jameschin4920]

How about seng Kang grand? Can buy?

[@savvyericchiew]

There are better ones 👍🏼

[@gparamaeswary7276]

No review on Kent ridge in your videos?

[@savvyericchiew]

Don't have...

[@conniechin880]

Looking forward

[@daface00]

Keeping it real!!

[@savvyericchiew]

More coming up!

[@wilsonlow858]

Is it possible to do a review for Calvon?

[@savvyericchiew]

Sure will upload soon! Stay tuned!

[@JJ-iu6sr]

Love your video...educational and entertaining...

[@savvyericchiew]

Glad you enjoyed it!

[@leedonlee5050]

❤️

[@manankohli7618]

Eric.. I had the same view. Thanks for being honest, much appreciated

[@savvyericchiew]

My pleasure!

[@LeedonLee]

9,6 ❤🎉

[@TheKentforte]

You can’t even get the property name correct

[@switoyuber5872]

Thank you for your honest review. It is a balance from other videos on One Normanton Park.

[@savvyericchiew]

Glad you enjoyed it!

[@sun41566]

When it's RCR you can not Simply depends on MRT.. VIA BUS OR CAR it's still easy to commute... If You compare PR8 AND this NP Which one do you think is Fair Deal? Both if Will Be selling around 17xx?!. just Because Integrated will you say PR8 IS GOOD BUY because it's On MRT?!

[@savvyericchiew]

I won't buy $1800psf for Normanton Park because at this rate I can get something better with MRT nearer to town 😊. I guess you haven't watch my PR8 review yet. Let me send you the link :)

[@savvyericchiew]

Pasir Ris 8 Review here 😊 kzbin.info/www/bejne/rXKalJ2Gd5KMgdU

[@sun41566]

@@savvyericchiew Watched Now👍🏽 It's crazy to buy something 1700Psf where with in a Km many FH with half of the price.. for me i feel Exit is even more difficult than you mentioned.. Cocoplams Made money because its cheaper. But this PR8 hearing will be over 1700Psf..So ridiculous. I won't suggest this project to My buyers Unless Own stay👍🏽

[@sun41566]

@@savvyericchiew As Previously i thought the same, but Looking at PR8. SGR some other projects .. felt NP is still Ok .😉

[@savvyericchiew]

@@sun41566 many people like integrated projects. I guess 60-65% sold

[@kendrickcan3919]

You made a comment that 5 room and terrace houses in condos do not buy. So in your opinion, for own stay, anything from 2 bedroom to 4 bedroom is OK to buy?

[@savvyericchiew]

I think 3 is the best but i think 4br is the new 3br as many are looking for space and unit size is getting smaller throughout the years :)

[@hhspore]

can you please kindly do a review on woodleigh residences. thank you for your consideration.

[@savvyericchiew]

Sure! SPH and Kajima!

[@sun41566]

@@savvyericchiew Yes Please Do a quick Review about WDR... As with PR8 LAUNCHING soon... Waiting for it👍🏽

[@marcochen245]

You mean all condo located more than 1km away from mrt does not have a good scoring for exit strategy? Didn’t know the future buyer are so poor and not able to own a car...

[@savvyericchiew]

MRT ≠ Good Exit Strategy. There are areas without MRT with high demand. :)

[@marcochen245]

@@savvyericchiew hmm... I disagree a bit on this. For instances, look at sims urban oasis located near Aljunied mrt, below 1 mil you can get a 2 bedder. Owner price it so low to get rid of it but nobody really want to buy. Penrose, people rush to buy, units are mostly sold out during the 1st few days, it’s not good for investors. A good project, don’t sell all units within such a short span of time, instead it takes progressive stages to sell. Than investors who invest early will earn the profit when it comes to TOP.”)

[@marcochen245]

@@savvyericchiew Furthermore, if you explore the pathway towards portsdown road, it takes only 10-15mins cycle to Tanglin halt market and meiling market. There are also busses outside the condo that takes you to Queensway shopping centre & Ikea in just 1 stop and 5 stops to Redhill market and 5 stops to Buona Vista & Holland village. Also, Normanton Parks has got high social status & its rich history. It is also located around British colonial black and white bungalows which spread from Kent ridges to portsdown road and Dempsey hill. Unlike most condo nowadays, that does not have any history and some even feels like an EC or DBSS. It goes to say “be an upgrader, be a condo dwellers”, don’t think or expect like a HDB dwellers anymore.”)

[@savvyericchiew]

The 2br at SUO is 2b1b not 2b2b. 1 more toilet usually cost $150k more. 2b2b is a better choice. Penrose pricing is the best for 2020 new launch that is within 500m from MRT. Hope this helps :)

[@marcochen245]

@@savvyericchiew wow.. that's very costly for 1 more toilet. But it's not worth in terms of maximize space utilisation. For instances, older type of hdb flats, some only have 1 wc & 1 shower area which equates to 1 bath. Cost less & have a bigger living space.

[@savethebees2506]

Mass units condo ..... Disadvantages : Not exclusive at all, Feels like hdb, fierce resale & rental competition. Facilities fight. Advantage : more to share the monthly maintenance fees

[@savvyericchiew]

True!