Novo Place, a 99 Years condominium development in District 24, offers approximately 508 residential units suitable for families and professionals. Developed by Hoi Hup Realty & Sunway Developments Pte. Ltd., the project is conveniently located on Plantation Close, Tengah, just a 1-minute walk from Tengah Park MRT Station. The development features a variety of unit types ranging from 2-5 bedrooms to cater to different buyer preferences. Its proximity to Tengah Park MRT station ensures excellent connectivity to public transport, making it an attractive choice for residents. Showflat Preview On Oct 2024.
Novo Place
E-BROCHURE
Obtain your complimentary e-brochure for Novo Place TODAY!
- Convenience Beyond the Doorstep: While Tengah Park MRT provides immediate connectivity, a well-developed bus network is essential. Evaluate the bus routes and assess their efficiency in connecting you to your workplace or frequented areas.
- Proximity to Major Transportation Routes: The development provides easy access to major transportation routes, ensuring residents can navigate the city with ease. This accessibility is a significant advantage for daily commuters and anyone looking to explore Singapore.
- Luxurious Amenities: Residents of Novo Place can enjoy a wide range of luxurious amenities. These include state-of-the-art fitness centers, refreshing swimming pools, serene spa facilities, and more, catering to the discerning needs of its residents.
- Developed by reputable companies: Novo Place is by Hoi Hup Realty & Sunway Developments Pte. Ltd., being established developers in Singapore. This can give potential buyers assurance on the quality of construction and overall project management.
The Buying Process for Novo Place
Novo Place Showflat on Oct 2024
Novo Place Factsheet
| Project | Novo Place |
| Tenure | 99 Years |
| Developer | Hoi Hup Realty & Sunway Developments Pte. Ltd. |
| Plot Ratio | 2.8 |
| No. of Units | Est 508 Units |
| No. of Storeys | Est of 14 storeys |
| Site Area | 16,441.2 Sqm / 176,936.07 Sqft |
| Address | Plantation Close, Tengah |
| District | 24 |
| Neighbourhood | Tengah |
| Expected TOP | 2028 |
| Description | Novo Place, situated at Plantation Close, Tengah in D24, stands as a project by Hoi Hup Realty & Sunway Developments Pte. Ltd.. This development presents a diverse selection of 2-5 bedroom units, catering to a broad spectrum of buyers and investors. For a detailed exploration of Novo Place, visit https://nexthomesg.com/properties/novo-place/. |
Location – Neighbourhood & Transportation
Novo Place EC is a highly anticipated executive condominium development, perfectly nestled in the innovative and green Tengah estate. This project offers residents a blend of modern living, exceptional connectivity, and access to a myriad of amenities. It’s the ideal choice for homebuyers seeking a balance between urban convenience and natural tranquility.
Strategic Location
Address: Plantation Close, Tengah, Singapore
District: 24 (Lim Chu Kang and Tengah areas)
Tengah is Singapore’s first smart and sustainable town, located in the western region. It borders other established towns such as Jurong East, Bukit Batok, and Choa Chu Kang. This positioning places Novo Place EC at a unique spot that balances tranquility with the convenience of city life.
Unparalleled Connectivity
Major Roads and Expressways:
Novo Place EC is well-served by major arterial roads and expressways, providing easy access to various parts of Singapore. Key expressways such as the Pan Island Expressway (PIE), Kranji Expressway (KJE), and the upcoming Tengah Expressway (TE) ensure efficient travel across the island.
Public Transport:
The future Tengah MRT station, part of the Jurong Region Line, will be just a stone’s throw away from Novo Place EC. This enhances connectivity to major hubs such as the Jurong Innovation District and Jurong Lake District. Additionally, existing MRT stations like Choa Chu Kang and Bukit Batok are easily accessible, facilitating convenient travel to downtown Singapore and other parts of the island.
Nearest MRT Stations:
Novo Place EC is located within a short 5-minute walk to either Bukit Batok West or Tengah Park MRT stations, both along the upcoming Jurong Region Line, further enhancing its connectivity.
Nearby Amenities
Shopping and Dining:
Residents of Novo Place EC will have convenient access to a variety of shopping and dining options. The development is near several major shopping centers, including JEM, offering a wide array of shopping, dining, and entertainment choices.
Educational Institutions:
Families residing in Novo Place EC will find convenience in the proximity to reputable educational institutions. From primary to tertiary levels, several schools are located within the area, such as Bukit View Primary School and Millennia Institute, ensuring a conducive learning environment for their children.
Recreational Facilities:
Beyond your apartment, a plethora of recreational activities awaits at Novo Place EC. The developers have confirmed plans for comprehensive facilities. Residents can anticipate amenities such as a swimming pool, gym, and communal spaces designed to foster interaction and a sense of community.
Floor Plans & Site Plan
Novo Place EC exemplifies modern living, strategically located in the burgeoning Tengah estate. This executive condominium is crafted to accommodate diverse family sizes, emphasizing comfort, functionality, and aesthetic appeal. Below is a detailed analysis of the floor plans and site plan of Novo Place EC.
Floor Plans
The floor plans at Novo Place EC are designed to meet the varied needs of its future residents. Offering a range of unit types, including 2-bedroom, 3-bedroom, 4-bedroom, and 5-bedroom configurations, each layout caters to specific demographics:
- 2-Bedroom Units: Perfect for singles or young couples. Features include:
- Master bedroom with an attached bathroom
- Secondary bedroom
- Common bathroom
- Open-plan living and dining area
- Kitchen
- 3-Bedroom Units: Ideal for small families or couples seeking extra space. While specific details are not provided, typical features might include:
- Master bedroom with en-suite
- Additional bedrooms
- Common bathroom
- Living and dining areas
- Kitchen
- 4-Bedroom and 5-Bedroom Units: Designed for larger families, offering more bedrooms and ample living space. Although specifics are not detailed, expect:
- Multiple bedrooms
- Several bathrooms
- Spacious living and dining areas
- Well-equipped kitchen
Site Plan
The site plan of Novo Place EC is thoughtfully designed to align with Tengah’s vision as Singapore’s first “Forest Town.” Emphasizing sustainability, community living, and accessibility, it stands out as a prime residential choice.
- Overview: The development spans a significant area, featuring residential units and various communal facilities. The blocks are positioned to maximize natural ventilation and sunlight, enhancing the living experience while promoting energy efficiency.
- Unit Distribution: Novo Place EC will house approximately 495 units across multiple blocks. This design fosters a sense of community while ensuring privacy and tranquility within each home.
- Communal Facilities: While specific details are not provided, residents can look forward to amenities such as:
- Swimming pool
- Gym
- Communal spaces that encourage interaction and community-building
Price List & Price Background
Novo Place EC, an upcoming executive condominium situated at Plantation Close, Tengah, is brought to life by a collaboration between Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd. This modern and sustainable development will feature 508 units upon completion. Below is a comprehensive breakdown of the pricing information for Novo Place EC.
Key Pricing Insights
Record Land Rate:
The development site was acquired for a record price of $348.5 million, translating to a land rate of $703 per square foot per plot ratio (psf ppr). This is the highest land rate recorded for an EC site to date.
Estimated Launch Price:
While specific unit prices are not yet disclosed, estimates suggest that the launch price could be approximately $1,5xx psf. This gives potential buyers an idea of the expected pricing range for Novo Place EC units.
First-Timer CPF Housing Grants:
Eligible first-time buyers can receive up to $30,000 in CPF Housing Grants, which can significantly reduce the overall purchase cost.
Payment Schemes:
Novo Place EC offers two payment schemes to accommodate different buyer preferences:
- Normal Payment Scheme (NPS):
- Booking Fee: 5%
- Payment of 15% + Stamp Duty within 8 weeks
- Balance 80% based on progressive payment
- Deferred Payment Scheme (DPS):
- Similar initial payment structure as NPS
- Balance 80% payable upon completion
Novo Place EC offers an appealing opportunity for homebuyers looking for a blend of modern living and sustainability in Tengah. With its record-setting land rate and an estimated launch price around $1,5xx psf, this development promises competitive pricing for its executive condominium units. Potential buyers can benefit from CPF Housing Grants and flexible payment schemes, simplifying the process of owning a unit in this promising development.
For the most accurate and current pricing information, interested parties are encouraged to contact the official sales team directly or schedule an appointment to visit the showflat.
Developer Background
Novo Place is brought to you by a powerhouse collaboration between Hoi Hup Realty Pte Ltd and Sunway Group.
About Hoi Hup Realty Pte Ltd
- Established: 1983
- Headquarters: Singapore
- Portfolio: Condominiums, houses, and commercial developments
Hoi Hup Realty has been a staple in the Singaporean property market for over three decades, known for creating diverse and high-quality living spaces.
About Sunway Group
- Founded: 1974
- Headquarters: Malaysia
- Core Interests: Property, construction, education, healthcare
- Global Reach: Operates in 50 locations worldwide
Sunway Group stands as one of Malaysia’s largest conglomerates, renowned for its commitment to excellence and innovation across multiple sectors.
Why Choose Novo Place?
- Expertise: Leveraging the combined experience of Hoi Hup Realty and Sunway Group.
- Quality: Commitment to creating premium living environments.
- Diversity: A wide range of developments to suit various needs and preferences.
Your Next Steps
Ready to discover your new home at Novo Place? Contact us today to find out more about this exceptional development and how it can meet your living needs.
Live your best life at Novo Place – where quality meets comfort.
Contact Sales
Novo Place
Plantation Close, Tengah
Should you consider Novo Place EC?
Evaluating whether Novo Place EC is a suitable option for homebuyers or investors requires an in-depth look at various factors that align with individual goals, financial situations, and preferences. Here’s a detailed analysis:
For Homebuyers
Location and Connectivity
- Strategic Location: Novo Place EC is situated in Tengah, Singapore’s first “Forest Town.” This locale offers a blend of urban living and lush greenery.
- Enhanced Connectivity: Proximity to major expressways and the forthcoming Tengah MRT station ensures ease of access, making it appealing for those who prioritize connectivity.
Sustainable Living
- Eco-Friendly Design: As part of an eco-conscious development, Novo Place EC emphasizes sustainability and smart living, resonating with homebuyers who value environmental responsibility alongside modern comforts.
Facilities and Lifestyle
- Modern Amenities: Prospective residents can look forward to communal facilities such as a swimming pool, gym, and social spaces, catering to a vibrant and active lifestyle.
Affordability and Financial Incentives
- Competitive Pricing: With an estimated launch price of around $1,5xx psf, Novo Place EC offers a competitive price point for an executive condominium.
- CPF Housing Grants: Eligible first-time buyers may receive up to $30,000 in CPF Housing Grants, enhancing its financial attractiveness.
For Investors
Investment Potential
- Growth Prospects: Tengah’s development as a “Forest Town” and its proximity to the Jurong Innovation District suggest potential for capital appreciation and rental demand.
- Long-Term Value: The area’s growth potential makes Novo Place EC a favorable investment for those looking to capitalize on Singapore’s newest residential district.
Competitive Entry Point
- Attractive Pricing: The competitive pricing of Novo Place EC offers a compelling entry point into the property market, with the potential for favorable returns over time.
Market Demand
- Unique Selling Points: The development’s location, sustainability focus, and modern amenities are likely to attract steady demand from tenants, especially professionals working in nearby business hubs or families desiring a dynamic community.
Considerations
Leasehold Tenure
- Long-Term Implications: As a 99-year leasehold property, it’s important to consider the long-term effects on property value and resale potential.
Eligibility and Restrictions
- EC Regulations: Executive condominiums come with eligibility conditions and minimum occupation periods (MOP) which might affect short-term investment strategies.
Market Conditions
- Broader Factors: Investors should consider broader market trends including interest rates, supply and demand dynamics, and government policies impacting the property market.
Conclusion
For Homebuyers: Novo Place EC offers a compelling blend of modern living, sustainability, and connectivity. It stands out as an attractive option for families and individuals seeking a high-quality lifestyle in a developing area.
For Investors: This development presents a promising investment opportunity, particularly for those with a medium to long-term horizon, considering the potential for capital appreciation and rental demand in Tengah.
