Novo Place Hoi Hup Secures Record-Breaking Bid A Game-Changing Development in the EC Market
The URA Master Plan for Tengah envisions the creation of a well-rounded community by incorporating a variety of amenities to meet the needs of its residents. These amenities consist of shopping complexes, educational institutions, healthcare centers, and community centers. With the development of Novo Place Hoi Hup as part of the plan, residents of this executive condominium can easily access daily essentials as well as engage in leisure and recreational activities. The inclusion of contemporary educational facilities within the town also ensures that families living in Novo Place EC have convenient access to quality education for their children.
Located in the heart of Choa Chu Kang, Novo Place boasts a prime location with excellent connectivity. It is just a short walk away from Choa Chu Kang MRT station, which provides seamless access to the rest of Singapore via the North-South Line. For those who prefer to drive, the development is also easily accessible via major expressways such as the Kranji Expressway and Pan Island Expressway.
But what truly sets Novo Place apart from other EC developments is its luxurious and modern design. The development will comprise of 16 blocks, ranging from 14 to 19 storeys, with a total of 700 units. In addition to the standard 3 and 4-bedroom units, there will also be 35 exclusive 5-bedroom penthouses available. The units are thoughtfully designed to maximize space and provide a comfortable living experience for residents.
But the most significant selling point of Novo Place is its game-changing smart home features. Every unit will be equipped with smart home solutions, allowing residents to control their home appliances, lighting, and air-conditioning with just a tap on their smartphones. This will provide residents with the ultimate convenience and enhance their living experience.
With its prime location, luxurious design, and innovative features, it is no surprise that Novo Place has generated so much interest in the property market. The record-breaking bid secured by Hoi Hup Realty is a testament to the high demand for quality EC developments in Singapore.
The URA Master Plan for Tengah sets out a progressive vision that prioritizes sustainability, connectivity, and building a strong sense of community. For residents of Novo Place EC, this plan offers not only a picturesque living space, but also a well-rounded lifestyle supported by eco-friendly practices and modern amenities. As Tengah grows into a dynamic “Forest Town,” Novo Place EC residents will enjoy being a part of a flourishing and environmentally-conscious community, making it a wise investment for those seeking the future of city living in Singapore.
Tengah will offer a multitude of gardens and communal farms as part of its unique “Community in Gardens” concept. These green areas are specifically designed for residents to participate in gardening, relaxation, and strengthening community ties. The Forest Corridor will connect the Western Catchment Area and Central Catchment Nature Reserve, providing residents with a continuous expanse of nature ideal for outdoor pursuits such as running, cycling, and bird watching. Novo Place EC dwellers can look forward to living in a harmonious blend of urban and natural surroundings.
In a fiercely competitive bidding process, Hoi Hup Realty emerged as the highest bidder for the 17,348.7 square meter plot of land, at a staggering price of $446.28 million. This translates to a record-breaking $578 per square foot per plot ratio (psf ppr). This marks the highest land bid ever for an EC development in Singapore, surpassing the previous record of $551 psf ppr set by Chinese developer MCC Land for the nearby Wandervale EC in 2015.
Novo Place, a new executive condominium (EC) development in Choa Chu Kang, is causing a buzz in the Singapore property market. This is not only because of its prime location and attractive amenities, but also because of the record-breaking bid secured by developer Hoi Hup Realty.
The high bid reflects Hoi Hup Realty’s confidence in the potential of Novo Place. This development is set to be a game-changer in the EC market, offering a new level of luxury and convenience for its future residents.
In conclusion, Novo Place is set to be a game-changer in the EC market, offering a new level of luxury and convenience for its future residents. With its prime location, luxurious design, and innovative smart home features, it is poised to become the most sought-after EC development in Choa Chu Kang. As the saying goes, “good things come to those who wait,” and for the lucky residents of Novo Place, the wait is almost over.
Furthermore, Novo Place will offer a wide range of facilities for its residents to enjoy. A 50-meter lap pool, tennis courts, and a well-equipped gymnasium are just some of the amenities available for residents to unwind and stay active without having to leave the comfort of their home. With a focus on promoting a healthy and active lifestyle, Novo Place is the perfect place for families to make lasting memories.
Another unique feature of Novo Place is its rooftop terrace, which offers breathtaking views of the surrounding greenery. Here, residents can relax and soak in the picturesque landscape while enjoying a barbecue with their loved ones. This is a rare feature in an EC development, making Novo Place truly one-of-a-kind.
Novo Place is also surrounded by a myriad of amenities, making it an ideal choice for families and young professionals. From malls like Lot One Shoppers’ Mall and Bukit Panjang Plaza to supermarkets like NTUC FairPrice and Giant, residents will be spoilt for choice when it comes to shopping and dining options. Additionally, the development is also close to reputable schools such as Swiss Cottage Secondary School and Pioneer Junior College, making it a convenient choice for families with school-going children.