Table of Contents
Novo Place Fact Sheet
| Project Name | Novo Place (翠怡园) |
| GLS Name | Plantation Close |
| Address | 4,6,8,10,12,14,16,18 Plantation Close |
| Site Area | Est. 16,411.20 sqm / 176,648 Sqft |
| Plot Ratio | 2.8 |
| Foundation | Completed |
| T.O.P. (Key Collection) | Est. 1Q 2027 |
| Expected Vacant Possession | 31 Dec 2029 |
| Tenure of Land | 99-Years from 11 Dec 2023 |
| No. of Blocks/ Storeys | 7/ 18 |
| No. of Units | 504 |
| No. of Car Park Lots | 255 parking lots, including 3 EV lots and 3 accessible (handicap) lots |
| Architect | APPD Architects LLP |
| Landscape Architect | STX Landscape Architects |
| Builder | Straits Constructions Singapore Pte Ltd |
| Developer | Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd. |
| Payment Scheme | Normal Payment Scheme or Deferred Payment Scheme |
Novo Place Location Map
Novo Place Master Plan
Novo Place Site Plan
Novo Place Unit Distribution Chart
Novo Place Floor Plans
Novo Place Image Gallery
Novo Place Videos
Novo Place FAQ
Novo Place EC is one of the most anticipated Executive Condominiums (ECs) in 2024, offering a prime location, modern facilities and attractive pricing for eligible buyers. Below are some frequently asked questions (FAQs) to help you understand everything about this exciting new launch.
What is Novo Place EC?
Novo Place is a new Executive Condominium (EC) located in Tengah, developed under the government’s EC scheme. It provides a balance between affordability and private condominium-style living, making it a great option for first-time homebuyers and HDB upgraders.
Where is Novo Place EC located?
Novo Place EC is located at Plantation Close in Tengah, it is situated in the new Tengah township.
What are the key selling points of Novo Place?
The key selling points of Novo Place are:
1) Prime Location – appx. 4 minutes walk to upcoming Tengah Park MRT station and major expressways just minutes away.
2) Modern Facilities – Swimming pool, gym, clubhouse, and family-friendly amenities.
3) EC Pricing Advantage – Typically lower than private condos with potential for capital appreciation.
4) Eligibility for CPF Housing Grants – First-time buyers may qualify for grants of up to S$30,000.
What is the launch date for Novo Place EC?
The project was officially launched on 16 November 2024 with approximately 57% sold on launch weekend.
Who is eligible to buy Novo Place EC?
Buyers must meet the HDB eligibility criteria, including:
1) At least one Singapore Citizen in the household.
2) Forming a family nucleus under Public, Fiance/Fiancee, Orphan, or Joint Singles Scheme.
3) Monthly household income capped at $16,000.
4) No private property ownership in the past 30 months.
For a full breakdown of eligibility, you may check the latest HDB EC guidelines.
What are the financing options for Novo Place EC?
Buyers can secure up to 75% loan-to-value (LTV) with a bank loan (ECs are not eligible for HDB loans). The Mortgage Servicing Ratio (MSR) cap of 30% applies, so buyers should check their loan eligibility with banks.
Tip: If you need help assessing your affordability, contact a real estate professional for a financial assessment.
What are the unit types available at Novo Place EC?
TBA
How much Novo Place EC cost?
Average PSF of Novo Place EC was reported at average $1,654psf on launch weekend on 16 November 2024 .
Can I rent out my EC unit after purchase?
Yes, you can rent out rooms in an EC unit during the Minimum Occupation Period (MOP), but you cannot rent out the entire unit.
ECs are subject to HDB’s Minimum Occupation Period (MOP) of 5 years before they can be rented out wholly or sold in the open market. After 10 years, the EC will be fully privatised, allowing sales to foreigners.
How do I register for updates on Novo Place?
To receive the latest updates on pricing, floor plans, and the launch date, register your interest through an official real estate representative.
Who is the Novo Place developer?
The Novo Place developer is Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd.
What is the district for Novo Place?
The district for Novo Place is District 24 – Lim Chu Kang/Sungei Tengah for Novo Place.
What is the property type for Novo Place?
This property type of Novo Place is an Executive Condominium (EC)
What is the plot ratio for Novo Place?
The plot ratio for Novo Place is 2.8 according to URA.
What is the gross floor area (GFA) for Novo Place?
The gross floor area (GFA) for Novo Place is 495,527 sqm
What is the subtown for Novo Place?
The subtown for Novo Place is Plantation.
What is the tenure of Novo Place?
The tenure of Novo Place is 99 years leasehold.
What is the region for Novo Place?
The region of Novo Place is Outside Central Region (OCR).
What is the land size for Novo Place?
The land size for Novo Place is 176,648 sqft
Disclaimer: While reasonable care has been taken in preparing this website, neither the developer nor its appointed agents guarantee the accuracy of the information provided. To the fullest extent permitted by law, the information, statements, and representations on this website should not be considered factual representations, offers, or warranties (explicit or implied) by the developer or its agents. They are not intended to form any part of a contract for the sale of housing units. Please note that visual elements such as images and drawings are artists’ impressions and not factual depictions. The brand, color, and model of all materials, fittings, equipment, finishes, installations, and appliances are subject to the developer’s architect’s selection, market availability, and the developer’s sole discretion. All information on this website is accurate at the time of publication but may change as required by relevant authorities or the developer. The floor areas mentioned are approximate and subject to final survey.