Insider’s Look: Novo Place EC Review & Pricing Analysis

Novo Place EC is in the western part of Singapore, right in Tengah Park. This place offers a good balance of city living and peaceful nature. It is very near the Tengah Park MRT station, making travel convenient. There are plenty of shops and services nearby, too. This is why many people like to live at Novo Place. Let’s look closer at what makes Novo Place EC special in Tengah Park.

Key Highlights

1. Built by Hoi Hup Realty and Sunway Developments
2. A 4-minute walk to Tengah Park MRT station on the Jurong Region Line
3. Provides 3 and 4 bedroom units with a North-South Orientation
4. Prices start at $1.298 million
5. Located in Tengah, Singapore’s first “forest town”
6. Great connections to major expressways and business areas

Novo Place Fact Sheet

Novo Place is a great example of modern design and living in an eco-friendly way. This executive condominium has 7 blocks and each block has 16 stories. It offers 504 units for those who want to buy a home. The land measures 16,414.1 sqm, and it has a plot ratio of 3.0.

Hoi Hup Sunway Jurong Pte. Ltd. created Novo Place. The design comes from the famous firm ADDP Architects LLP. Straits Construction Singapore Pte Ltd is building it. They are known to care about quality and will make sure this important project gets done on time.

Overview of Novo Place EC

Novo Place EC changes our ideas about living in the city. It focuses on creating a sustainable town in the busy Singapore real estate market. The design includes eco-friendly green features. This supports a lifestyle that fits nicely with nature. By bringing nature into city life, Novo Place EC is a unique home choice in Singapore.

Novo Place EC has many kinds of units. This helps to meet the needs of different families today. This executive condominium gives a lifestyle that is both luxurious and eco-friendly. It sets a new standard for homes in Singapore.

Key Features and Unique Selling Points

Novo Place EC is special because of its great features. First, as an executive condominium, it offers a good price for people looking to buy a home. This helps many get into the private housing market more easily.

Novo Place also cares about the environment. It has several eco-friendly features in its design. The use of energy-efficient appliances and green spaces helps people live in a way that protects the earth.

Tengah is Singapore’s first “forest town.” Its location offers a unique living experience for people. There are areas without cars and many parks. This provides a great break from the busy city life.

Developer’s Background and Track Record

Novo Place EC is built by the well-known companies Hoi Hup Realty Pte Ltd and Sunway Developments. They have a lot of experience and skill for this project. Hoi Hup Realty Pte Ltd has more than 50 years of experience. This leading property group is known for its high-quality buildings and innovative designs.

Sunway Developments Pte Ltd is a big developer from Malaysia. They support Hoi Hup’s expertise. Sunway is famous for their big projects that combine homes, shops, and entertainment spots. Their strong background brings extra value to Novo Place EC.

Thanks to the hard work of these two great builders, Novo Place EC will be very impressive. Residents can look forward to a high-quality living experience.

In-Depth Review of Novo Place EC

Novo Place EC is more than just a place to live. It is a community that offers a full living experience. The buildings are made to harmonize with nature, helping the homes feel part of their surroundings. It offers different styles and types of homes, so it can meet the varied needs of modern families.

The location is picked to make it easy for residents to access what they need. Living in the busy Tengah estate means you can get to important stores, transport choices, and enjoyable spots fast. This setup gives everyone a comfortable and convenient way of life.

Architectural Design and Aesthetic Appeal

Novo Place EC’s design really captures the vision of Tengah as a “forest town.” It includes features that bring in nature, like lots of greenery and open spaces blended with the city. It also uses smart technologies. A standout part of the development is a 80-meter-long clubhouse. This clubhouse offers residents amazing views of the nearby forest park.

All units at Plantation Close get lots of natural light and air. This design makes the living spaces feel open and cozy. The layout also highlights views of Central Park. This keeps residents linked to nature. The mix of buildings and the natural environment makes Novo Place EC look nice and offers a calm place to live.

Range of Unit Types and Their Layouts

Novo Place EC has various types of units for homebuyers. They provide a mix of 3-bedroom and 4-bedroom units. This is ideal for families, big or small. With only 4 units on each floor, you will have your own space.

One great thing about Novo Place’s design is its flexible layouts. You can easily take down the walls between the living room and bedrooms. This allows you to change your space for open-plan living or combine rooms to fit your style.

Here is a table showing the available units:

Pricing Analysis for Novo Place EC

With home prices going up in Singapore, Novo Place EC is a good choice. Its affordable price makes it attractive for smart homebuyers.

The low prices and the potential for future value to go up make Novo Place EC a smart choice for investment.

Current Market Pricing Compared to Similar EC Projects

When you see other Executive Condominiums around, Novo Place EC is priced well. For example, Lumina Grand, located at Bukit Batok West Avenue 5, started selling in early 2024. It had a land cost of $626 per square foot per plot ratio, and the average selling price now is $1,513 per square foot.

Also, Altura EC, which is nearby, began development in the middle of 2023. The land cost is $661.67 PSF PPR. Currently, it sells for an average price of $1,485 PSF.

Novo Place EC has a land cost of $703 per square foot per plot ratio, but its launch price starts at $1,488 per square foot. This is a great deal, especially because it is close to the Tengah Park MRT station. With this good price, key location, and many amenities, it shows that this EC site could offer high returns on investment.

Investment Potential and Future Value Projection

Tengah is going to be a vibrant place to live. This change makes Novo Place EC in Bukit Panjang a smart investment choice. The Jurong Lake District (JLD) will turn into a key business area. This change will attract more local and international companies. As a result, the demand for homes will rise. This will also boost property values in Tengah.

Tengah’s idea of a “forest town” highlights sustainable living and green features. This attracts buyers who are interested in helping the environment. Also, the small number of EC land sites raises the investment value of Novo Place.

All these reasons show why future residents and investors should look at Novo Place EC. Its great location, smart design, and nearby growing economy suggest a promising chance for a big increase in value in the years ahead.

Location and Connectivity

Novo Place EC is located in a wonderful area in Tengah. It has simple links to other parts of Singapore. The main expressways nearby help people who work in the Central Business District (CBD) reach their jobs easily.

Living close to the Tengah Park MRT station is a great advantage. People can take the Jurong Region Line (JRL) for fast travel to key locations in the west and beyond.

Proximity to MRT Stations and Bus Interchanges

One of the best things about Novo Place EC is how well it is connected. It is only a 4-minute walk to the future Tengah Park MRT station on the Jurong Region Line. When this station opens in 2028, it will be easy for people to travel all around Singapore.

This MRT line will take residents directly to key work places like Jurong Lake District and Jurong Innovation District. It is also easy to reach the Jurong East transport hub, which is just three stops away. This hub connects to the North-South and East-West MRT lines.

This great MRT access gives people many choices. It makes it easy for them to explore the city, whether for work or fun.

Accessibility to Major Expressways

Novo Place EC is easy to reach. It has good public transport options. If you drive, it’s near important expressways. This makes commuting simple. You can quickly get to the Pan Island Expressway (PIE), Ayer Rajah Expressway (AYE), and Kranji Expressway (KJE).

The PIE is the oldest and longest expressway in Singapore. It helps people get to the Central Business District easily. The AYE connects quickly to the western and central parts of Singapore. This includes areas like the tech hub of one-north and schools in Bukit Timah.

For anyone going to other parts of Singapore, the KJE provides an easy journey to Woodlands and the northern areas.

Amenities and Lifestyle Options

Novo Place EC provides an active lifestyle with many facilities right at home. Residents can easily reach different shopping malls, stores, and restaurants.

Novo Place EC combines city life with access to nature. People living here can enjoy peaceful walks in green spaces. They can also relax in quiet parks. There are many fun activities available that promote a healthy lifestyle.

Shopping Malls and Retail Outlets Nearby

Residents of Novo Place EC have plenty of choices for shopping and enjoying some retail therapy. The area is close to several popular shopping malls. These include JEM, Westgate, and IMM, all located at Jurong Gateway. They are only three MRT stations away.

These malls offer many shopping choices. You can find both well-known fashion brands and special boutiques. There are also several places to eat. You can choose between casual dining or nice restaurants. For everyday needs, the new Tengah Town Centre is car-free. It has supermarkets, food courts, and shops. This design helps create a simple and eco-friendly life for the residents of Novo Place.

Parks and Recreational Facilities

Novo Place EC is adopting the concept of a “forest town.” It has several parks and fun areas for residents. A highlight of the development is Central Park. It is a wonderful spot for walks, family outings, or simply enjoying the peaceful nature.

The Forest Corridor is 100 meters wide and stretches for 5 kilometers. It is a great spot for nature walks or jogging. This green space links the residents of Novo Place EC to more parks and fun areas in Tengah. It is an ideal place for people who love nature.

Tengah focuses on blending nature with city life. This approach allows residents of Novo Place EC to enjoy a healthy and happy life. They can feel good living among green spaces and fun facilities.

Educational Institutions in the Vicinity

Families with kids in school will be glad to know that Novo Place EC is near many good schools. This includes preschools and colleges. Being close to these schools helps everyone get quality education easily.

There are international schools and other places that offer specialized learning. This helps make Novo Place EC more appealing to families wanting different choices for their children’s education.

Preschool to Tertiary Institutions

Novo Place EC is a great option for families with young children. There are several good primary schools within 2km. Families will find respected schools like Princess Elizabeth Primary School and Shuqun Primary. Soon, Anglo-Chinese School (Primary) will shift from Barker Road and become a co-ed school in 2030. Being close to these schools helps residents gain priority admission when signing up for Primary 1.

For secondary education, you can find schools such as Boon Lay Secondary, Dunearn Secondary, Bukit Batok Secondary School, and Millenia Institute. These schools provide a variety of subjects to fit different interests. When the Jurong Region Line is finished in 2029, people from places like Choa Chu Kang will be able to reach important colleges easily. One option for higher education along this line is Nanyang Technological University (NTU).

International Schools and Special Education

Novo Place EC is a great place for families. It is close to top international schools, which is wonderful for expat families and those who want a well-known curriculum. Dulwich College Singapore, a well-liked international school, is nearby.

Being close to respected schools makes Novo Place EC more appealing for families. They want a good education for their kids. This excellent location shows how important Novo Place EC is for families that care about their children’s learning journey.

Community and Living Experience

At Novo Place EC, you get more than just a home. You become part of a friendly and active community. This development offers many facilities and services. They are designed to help residents feel at home and connected.

The design encourages people to connect with each other. It has common areas where residents can gather, talk, and build strong relationships with their neighbors.

Resident-Centric Facilities and Services

Novo Place EC aims to enhance life for the people who live there. It provides many services and features to boost the living experience. The development has great amenities that help to build a welcoming community feel.

At Novo Place EC, you can find a gym for fitness lovers. There are several swimming pools for people of all ages. Additionally, there is a clubhouse where residents can meet and enjoy events together. The team at Novo Place EC is committed to providing excellent support. They make sure that residents’ needs are met quickly and effectively.

Community Engagement and Activities

Novo Place EC wants to involve everyone in the community. It provides a space where residents can meet and make strong bonds. The management team organizes various events and activities for people of all ages and interests. This helps create a lively and friendly community feel.

Residents of Novo Place EC can join fun events, workshops, and groups that share their interests. This helps them meet new people, explore what they love, and create lasting memories. These activities do more than provide a place to live; they build a sense of belonging. This makes the residents of Novo Place EC feel like a tight-knit community where neighbors become friends.

Conclusion

In summary, Novo Place EC offers a modern way to live. It has helpful features and good connections. The focus is on creating a strong community. There are many layout options for different lifestyles. The building’s design and the developer’s strong track record promise a great living experience.

This place has good prices for investment when you compare it to other options. Its great location near MRT stations and schools makes it even better.

For anyone looking for a fun and connected way of living, Novo Place EC is a fantastic option for buyers. Learn more about this amazing development today!

Frequently Asked Questions

What are the available unit sizes at Novo Place EC?

Novo Place EC offers several unit sizes. There are cozy 3-bedroom units starting at 872 square feet. You can also find spacious 4-bedroom units that go up to 1,163 square feet. This range fits the various needs of families.

Can foreigners buy units in Novo Place EC?

Novo Place EC is an Executive Condominium, or EC. Foreign ownership is not allowed. ECs combine public and private housing. They follow guidance from the Housing Development Board in Singapore. These rules mainly focus on people who are Singaporean citizens and permanent residents.

What are the loan options and financial planning advice for potential buyers?

Potential buyers of Novo Place EC can select from several loan options provided by various banks and financial institutions. It is wise to team up with a financial advisor. A financial advisor can help you look at investment choices and see how the property’s value might shift over time. This support will assist you in making better choices.