Novo Place EC Review: A Minute’s Walk from Tengah Park MRT

This is a review of the Novo Place EC and its investment potential. Located in the Tengah area in Singapore’s District 24, it will be developed by a joint venture between Hoi Hup Realty and Sunway Developments.

Situated about a minute's walk to the upcoming Tengah Park MRT station (JE 2) on the Jurong Region Line, the 508-unit development will provide residents with convenience and excellent transport connectivity.

Novo Place EC is poised to cater to the growing demand in the exciting new Tengah housing precinct. Set to be Singapore's first "forest town" with car-free zones, green features, and smart tech, it promises a sustainable, nature-filled community.

This review of Novo Place EC will provide an unbiased evaluation of the following:

• Locational attributes.
• Design features.
• Investment potential.

Why Invest in Novo Place EC?

Highly Reputable Developers: Novo Place EC is being jointly developed by Hoi Hup Realty Pte Ltd and Sunway Developments, two reputable developers with a proven track record in delivering high-quality residential projects.

Comprehensive Facilities: A wide range of amenities and facilities that includes swimming pools, a gymnasium, and recreational spaces, catering to the diverse needs of its residents.

Sustainable Living: Novo Place EC will be designed with sustainability in mind, incorporating eco-friendly features and technologies to promote a greener and more environmentally-conscious lifestyle for its residents.

Excellent Connectivity: Novo Place EC is about a minute's walk from the future Tengah Park MRT station on the Jurong Regional Line and three stops from the Jurong East integrated transport hub. This will provide residents with seamless access and excellent transport connectivity to the rest of Singapore.

Proximity to Tengah's Car-Free Town Centre: Situated within proximity to Tengah's future car-free town centre, offering residents a unique and sustainable living experience.

Abundant Greenery: Surrounded by lush greenery, the development is designed to integrate harmoniously with the natural environment. Residents can enjoy the tranquillity of the Tengah Forest while connected to a plethora amenities.

Nearby Shopping and Dining Options: Residents of Novo Place will have convenient access to a variety of shopping and dining options, with the Tengah Market Place and Jurong East commercial hub just two and three stops away, respectively.

Ample Recreational Opportunities: Residents of Novo Place EC will also enjoy abundant opportunities for outdoor recreation, including access to parks, nature trails, and other leisure facilities. This includes the Jurong Lake Gardens and Singapore Science Centre 3-4 MRT stations away.

Proximity to Popular Schools and NTU: Novo Place is located within a 2-km radius of several popular educational institutions. These include Princess Elizabeth, Shuqun Primary Schools, and Anglo-Chinese School (Primary). The latter will become a co-ed school in 2030 when it relocates from its current Barker Road site. Dulwich College, an international school, is just a short walk away. NTU will also be easily accessible via the Jurong Regional Line.

Promising Investment Potential: The development of Jurong Lake District to become Singapore’s second CBD and Jurong Innovation District offers residents a wide range of job opportunities and commercial activities. This will boost demand for housing and underpin property values.

What is the Price of Novo Place EC?

Based on the land cost of $703 psf ppr achieved at the government land sale (GLS) in September 2023, the Novo Place EC is expected to be sold at an average price between $1,450 to $1,500 psf.

Comparison to Recent EC Launches

For comparison, the most recent EC launch, Lumina Grand, located nearby at Bukit Batok West Avenue 5, sold 53% of the development at an average price of $1,464 psf during its sales launch in January 2024. Its land cost was $626 psf ppr.

Before Lumina Grand, the Altura EC, located adjacent to it, sold 61.1% of the development at an average price of $1,433 psf in August 2023. Its land cost was $661.67 psf ppr.

Who is the Developer and What is Its Track Record?

Novo Place is being developed by a joint venture between Hoi Hup Realty and Sunway Developments, two established real estate developers with a strong presence in the Singapore residential market.

Together, they bring a wealth of experience and expertise, ensuring that Novo Place EC will be developed to the highest standards and cater to the evolving needs of homebuyers in the Tengah area.

Some projects they have jointly developed include Ki Residences, Sea Esta, Sophia Hills, and The Miltonia Residences.

Hoi Hup Realty Pte Ltd: Hoi Hup Realty is a leading property group with a rich heritage of over 50 years. Renowned for their quality construction, innovative designs, and commitment to excellence, Hoi Hup Realty has an impressive portfolio of residential and commercial developments across Singapore.

Sunway Developments Pte Ltd: Sunway Developments is a prominent Malaysian developer with a global presence. They are known for their integrated developments incorporating residential, commercial, and leisure components. Sunway Developments brings a wealth of experience and international expertise to the Novo EC project.

Novo Place EC Design Features

Novo Place is designed to offer a modern and sophisticated living experience for its residents. The development will feature a range of unit types, from one-bedroom to five-bedroom configurations, catering to the diverse needs of homebuyers.

The architectural design of Novo Place seeks to create a harmonious balance between the built environment and the surrounding natural landscape. The development will incorporate ample greenery, water features, and communal spaces to promote a sense of tranquillity and well-being for its residents.

It will also offer an enviable range of facilities and amenities, including swimming pools, a gymnasium, a clubhouse, and recreational areas. This will ensure residents enjoy access to a wide range of leisure and wellness options within the EC development.

About Novo Place EC Location

Novo Place is strategically located in the Tengah area, a rapidly developing region in the western part of Singapore. Tengah is envisioned as a "Forest Town" focusing on sustainable and eco-friendly living, making it an attractive destination for homebuyers seeking a unique, green, and progressive living experience.

Located a minute's walk from the upcoming Tengah Park MRT station on the Jurong Regional Line, residents will have seamless connectivity to various parts of Singapore, including the Jurong Lake District, a major commercial and business hub.

Surrounding Novo Place, residents will have access to a wealth of greenery and natural amenities, including the Central Park and Forest Corridor. Integrating urban living and nature is a key feature of the new Tengah housing estate, offering residents a unique and sustainable lifestyle.

Unique Features of Tengah “Forest Town”

New Tengah "Forest Town"

Tengah is Singapore's newest housing estate focusing on green living and sustainability. Some of its unique features are:

• Five unique districts (Plantation, Park, Garden, Brickland, Forest Hill) will be progressively developed. Each will have distinct characteristics to provide residents with a high-standard and wholesome living environment.
• Residents will enjoy a car-free town centre and extensive cycling and pedestrian paths.
• A 100m-wide, 5km-long forest corridor connects Tengah to surrounding greenery.
• Tengah will be Singapore's first public housing estate with centralised cooling for more efficient energy usage.

Transportation Connectivity

Jurong Regional Line Network.

Novo Place EC is conveniently located near the upcoming Tengah Park MRT station (JE2) on the Jurong Region Line where it is scheduled to be completed in 2028. Being just a minute's walk away, residents will enjoy excellent public transportation connectivity.

The Jurong Region Line will offer direct access to major employment hubs, such as the Jurong Lake District and the Jurong Innovation District.

Moreover, the Tengah Park MRT station is only three stops from the Jurong East integrated transport hub, an MRT interchange for the Jurong Regional, North-South and East-West Lines. This will provide seamless connectivity to the central business district, downtown Singapore, and many parts of Singapore.

In addition to the MRT network, Novo Place EC’s proximity to the Pan-Island Expressway (PIE), Ayer Rajah Expressway (AYE), and Kranji Expressway (KJE) will offer residents quick access to the city, whether commuting to work or exploring various parts of the island.

Shopping Malls and Amenities Near Novo Place EC

Novo Place EC residents will have access to a wide range of shopping, dining, and entertainment options in the surrounding areas, such as the upcoming Tengah Town Centre.

The Tengah Town Centre is being built car-free, with shops and eateries nestled above underground roads. Besides offering a vibrant space for locals to stroll and socialise, it will also be a one-stop destination for daily needs, featuring a supermarket, food court, and various retail stores.

Integrated with a nearby park, it promises a seamless blend of urban convenience and nature's embrace. Residents can look forward to a lively town centre that will offer many conveniences and help connect with their community.

Additionally, Novo Place EC is just three MRT stations to Jurong Gateway, the commercial hub of Jurong Lake District and home to major shopping malls such as Westgate, JEM, and IMM.

Hence, residents will not lack leisure, shopping, and dining options, which include supermarkets, department stores, cinemas and recreational facilities.