What is the appreciation from sale to TOP for Normanton Park (new) and Clavon condos

Both Normanton Park and Clavon condominiums in Singapore have seen notable appreciation from their initial launch (sale) prices to their value at TOP (Temporary Occupation Permit) and beyond.

For Normanton Park, initial launch prices for smaller units were around S$1,030,000 to S$1,370,000 for 1-bedroom units, translating to price per square foot (PSF) of about S$1,994 to S$2,086. By mid-2024, after TOP, similar units were transacting in the range of S$1,629,000 to S$2,375,000 for various unit types, and PSF ranged from S$1,809 to S$2,177. This reflects significant capital appreciation, with District 5—where Normanton Park is located—noted for strong price growth due to ongoing West Region transformation projects. The district has generally outperformed many other parts of Singapore, and owners who purchased at launch have experienced healthy profits.

Clavon, another District 5 project, launched at a time when the area was seeing strong demand and rising prices. While exact unit sale-to-TOP appreciation figures for Clavon are not detailed in the available data, market sentiment and transaction evidence indicate Clavon has followed similar appreciation trends as other new launches in District 5. These developments benefit from both locational advantages and ongoing regional rejuvenation.

Overall, both Normanton Park and Clavon have demonstrated strong capital gain from launch price to TOP, with the biggest contributors being District 5's rejuvenation, completion of new business hubs nearby, and continuous demand for city fringe living. This has made them attractive to both investors and homeowners seeking capital appreciation and rental potential.