Novo Place Pricing
3 Bedroom: $1,298,000
3 Bedroom + Study: $1,348,000
4 bedroom: $1,581,000
4 bedroom + Study: $1,779,000
Novo Place EC Pricing
Novo Place EC Pricing will be released nearer to launch date. Please register your interest to receive notifications about the price list and secure priority preview slots at the Novo Place EC Showflat once the information becomes available.
Novo Place EC is a luxury high rise executive condominium located at Tengah, Plantation Close, District 24. Developed by Hoi Hup Suway Jurong Pte Ltd, the new condo at Tengah is conveniently located near Tengah Park MRT and many popular food places and amenities.
Novo Place EC is close proximity to schools such as Anglo-Chinese School (Primary), Jurong Primary School, Princess Elizabeth Primary School, Yuhua Primary School, Shuqun Primary School, Crest Secondary School, and Bukit Batok Secondary School. These schools are recognized for their dedication to providing high-quality education and fostering well-rounded development in students. Additionally, for those seeking higher education opportunities, Millennia Institute and Dulwich College , and more. The CBD is just minutes’ drive and train away.
Novo Place EC Payment Schemes
Most individuals looking to purchase an Executive Condominium (EC) in Singapore find the financing options available to them to be a key aspect of their buying journey. Understanding the different payment schemes can empower you to make informed decisions that suit your financial situation. Here, you will discover two primary payment schemes that are commonly offered for Executive Condominium purchases.
The first payment scheme is the Normal Progressive Payment Scheme. Under this option, payments are made to the developer as the construction of the property progresses. This scheme allows you to align your payment schedule with the completion milestones of your new home. Typically, payments are structured across a series of stages, such as when the foundation is completed, when the structure is topped off, and upon receiving the Temporary Occupation Permit (TOP). This means that your financial commitment is spread out, alleviating the burden of a large upfront payment. It’s an appealing choice for many buyers, as it allows you to manage your cash flow more effectively during the building period.
When opting for the Normal Progressive Payment Scheme (NPS), you will also have time to arrange your mortgage and other financing options as your property’s completion date approaches. As you make these payments, the expectation is that you will also have a clearer understanding of your future financial responsibilities once you receive the keys to your new EC. Additionally, this scheme helps buyers stay informed about their investment, giving you periodic updates on progress and enabling you to engage with the developer in a meaningful way.
The second payment scheme available for your Executive Condominium purchase is the Deferred Payment Scheme. In this option, you will need to make a 20% of the payment upfront—often at the time of signing the Sale and Purchase Agreement. The selling price is typically 3% more than the normal purchase price. You need to pay 65% of the purchase price before or at the time of obtaining the keys to the unit. (During TOP)
This deferred payment scheme (DPS) can appeal to you as you can continue staying in your current home. With this scheme, you can purchase your home outright without having to make further payments as construction progresses, thus simplifying your financial commitments. It is beneficial if you wish to avoid lengthy installment plans and prefer to settle only the 20% deposit upfront. However, this option may require significant financial planning to ensure you can manage the balance payments upon TOP.
Regardless of which payment scheme you choose, it’s important to evaluate your financial readiness, budgeting capabilities, and long-term homeownership goals. Consulting a financial advisor can be beneficial as you navigate your options for financing your Executive Condominium. Understanding your available payment schemes allows you to launch on your property journey with more confidence, ensuring that your investment aligns with both your lifestyle and financial aspirations.
Book an appointment with us today to understand which scheme suits you more for Novo Place.
Novo Place EC Land Sale Price Information
Novo Place EC Land Tender Information.
On September 11th, 2023, Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd have emerged as the top contenders out of the 9 bidders for the Executive Condominium land tender at Plantation Close.
| Project Name | Novo Place |
|---|---|
| Sold Date | 11 Sept 2023 |
| Tenure | 99 Yrs |
| Site Area (sqm) | 16,441.2 Sqm / 176,973 Sqft |
| Site GFA (sqm) | 46,036 |
| Highest bid ($) | $348,500,000 |
| Highest bid ($psf) | $703 |
(Credits: EdgeProp – Information on Novo Place EC Land Sale, Estimate Developer Breakeven Price, and Transaction Price Information. The analytics are provided “AS IS,” and we do not warranty its accuracy. We are not responsible or liable for any claims, damages, losses, expenses, costs, or liabilities whatsoever. Please seek professional advice before relying on the Land Sale and Transaction Prices Information.)
Novo Place EC Nearby Property Transaction Price Information
Sale transaction prices of recent executive condominium launch.
| Project Name | Unit Type | Unit Size (Sqft) | Unit No. | Price (S$) | Price (S$ psf) |
|---|---|---|---|---|---|
| Altura | 3 Bedroom Premium + Study | 980 | #05-05 | $1,457,000 | $1,487 |
| Altura | 3 Bedroom Premium + Study | 990 | #04-01 | $1,467,000 | $1,481 |
| Altura | 4 Bedroom Deluxe | 1,206 | #09-09 | $1,838,000 | $1,511 |
| Altura | 4 Bedroom Deluxe | 1,206 | #13-07 | $1,848,000 | $1,533 |
| Altura | 5 Bedroom | 1,539 | #13-02 | $2,353,000 | $1,528 |
| Lumina Grand | 3 Bedroom | 936 | #10-32 | $1,469,000 | $1,568 |
| Lumina Grand | 4 Bedroom | 1,141 | #05-23 | $1,763,000 | $1,545 |
| Lumina Grand | 5 Bedroom | 1,496 | #11-12 | $2,280,000 | $1,523 |
(Credits and disclaimer: This report provides information as a reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice, or any other advice. This report has been generated without regard to the individual financial circumstances, needs, or objectives of persons who view it. Users should not rely on any of the information herein as authoritative or a substitute for the exercise of their own skill and judgment in making any investment or other decision. By using our services, you agree that any and all use of this report that you make is solely at your own risk and without any recourse whatsoever to Square Foot Research Pte. Ltd., its related and affiliate companies, and/or their employees. Square Foot Research Pte. Ltd. makes a reasonable effort to use reliable and comprehensive information to generate this report, but we make no representation that it is accurate or complete.)
View Price List by Unit Type and Stack (Coming Soon)
To view balance units availability, refer to the Balance Units Chart
| No. of Rooms | Unit Type | Stack No. | Size (Sq Ft) | Total Units | Price Min. |
|---|---|---|---|---|---|
| 3 Bedroom | C1 | 02, 08, 12, 14, 18, 22, 26 | 872 | 126 | $1,298,000 |
| 3 Bedroom + Study | C2 | 01, 03, 05, 07, 09, 23, 25, 27 | 883 | 144 | $1,348,000 |
| 3 Bedroom + Study | C3 | 04, 06, 10, 24, 28 | 947 | 90 | $1,463,000 |
| 4 Bedroom | D1 | 17, 21 | 1,012 | 36 | $1,581,000 |
| 4 Bedroom+ Study | D2 | 11, 13, 15, 16, 19, 20 | 1,163 | 108 | $1,779,000 |
(All prices for Novo Place displayed here are for reference purposes. Prices are subject to change from time to time without prior notice. This webpage cannot be held responsible for any pricing inaccuracies, omissions, and/or disputes. For the latest, please contact our Sales Hotline.)
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