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URLhttps://thefinance.sg/2021/01/19/how-does-normanton-parks-former-no-sale-license-matter-to-buyers/
Last Crawled2026-04-04 18:01:53 (12 days ago)
First Indexed2021-01-19 15:49:00 (5 years ago)
HTTP Status Code200
Meta TitleHow Does Normanton Park’s Former “No-sale License” Matter To Buyers? - TheFinance.sg
Meta DescriptionNormanton Park is shaping up to be one of the hot launches of 2021. It’s close to the One-North tech hub, an area where housing options have been few to date; and we won’t be too surprised if investors and home owners are both lining up. But by now, you may also have heard about
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Normanton Park is shaping up to be one of the hot launches of 2021. It’s close to the One-North tech hub, an area where housing options have been few to date; and we won’t be too surprised if investors and home owners are both lining up. But by now, you may also have heard about previous “issues”, and its former no-sale license. Should that matter to buyers at all? Let’s shed some light on the issue, and you can make your own decision: What is a no-sale license? There are two kinds of license a developer can receive, with regard to sales. The first is the typical Sale License; this allows developers to start selling units as soon as the Building Development Plan is approved by URA. The second type of license, which is much rarer, is a no-sale license. This means the developer can start building, but cannot start selling units until after receiving the Temporary Occupancy Permit (TOP)....
Markdown
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By Stacked Homes • January 19, 2021 ![](https://thefinance.sg/wp-content/uploads/2021/01/one-north-condo-prices.jpg) Normanton Park is shaping up to be one of the hot launches of 2021. It’s close to the One-North tech hub, an area where housing options have been few to date; and we won’t be too surprised if investors and home owners are both lining up. But by now, you may also have heard about previous “issues”, and its former no-sale license. Should that matter to buyers at all? Let’s shed some light on the issue, and you can make your own decision: **What is a no-sale license?** There are two kinds of license a developer can receive, with regard to sales. The first is the typical Sale License; this allows developers to start selling units as soon as the Building Development Plan is approved by URA. The second type of license, which is much rarer, is a no-sale license. This means the developer can start building, but cannot start selling units until after receiving the Temporary Occupancy Permit (TOP).... 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Readable Markdown
Normanton Park is shaping up to be one of the hot launches of 2021. It’s close to the One-North tech hub, an area where housing options have been few to date; and we won’t be too surprised if investors and home owners are both lining up. But by now, you may also have heard about previous “issues”, and its former no-sale license. Should that matter to buyers at all? Let’s shed some light on the issue, and you can make your own decision: **What is a no-sale license?** There are two kinds of license a developer can receive, with regard to sales. The first is the typical Sale License; this allows developers to start selling units as soon as the Building Development Plan is approved by URA. The second type of license, which is much rarer, is a no-sale license. This means the developer can start building, but cannot start selling units until after receiving the Temporary Occupancy Permit (TOP)....
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