NOVO PLACE
How is this worked out? — the five sub-scores
Novo Place is a leasehold project in D24 Tengah with limited yield data, thin liquidity and strong school demand (Princess Elizabeth Primary School within 1 km). It sits in a URA growth node (Tengah).
- Family demand buyers
- Capital growth buyers
- pure rental-yield investors
- Confirm the exact unit stack, facing and floor — our figures are project medians.
- Stress-test cashflow at +1–2% interest in the calculator below.
- Verify the school 1 km boundary & current MOE rules — priority is not a guarantee.
Investment report
A plain-language read on Novo Place — genuine strengths, honest risks, an independent fair-value range and a Buy / Watch / Avoid position, all from the data above.
- In the Tengah URA growth precinct — a corridor earmarked for new jobs, transport and amenities.
- Oversubscribed primary school (Princess Elizabeth Primary School) within 1 km — a durable family-demand anchor.
- Well-sized 504-unit project — larger developments trade at firmer $psf and resell faster.
- Positive recent price momentum — median $psf up ~4% versus the prior period.
- Thin liquidity (6 sales/12 mo) — a slower, choppier exit and a softer price signal.
- Check nearby new-launch & upcoming TOP supply — a fresh project within walking distance can cap rents and resale for a few years.
Fair-value range
Several independent value bases — more informative than a single median. The combined range weights the project-specific bases most.
| Recent project median $psfexcludes ground & top-floor units | $1,611 psf |
| Same-size, recent compsfloor of ±25% size band, recency-weighted | $1,648 psf |
| D24 district-comparablemedian $psf of all projects in the district | $1,692 psf |
| HomeVestor fair range | $1,568–$1,733 psf ≈ $1,384,544–$1,530,239 for a ~883 sqft unit |
See the D24 comparables behind that district base on the map below — switch on “District condos by $psf” in the layers (this project vs cheaper/pricier neighbours).
How is this worked out? — the value bases & combined range
Buy · Watch · Avoid
Where the project’s current median $psf sits against its fair range, overlaid with the risk signals. An educational classification — not a recommendation.
Price trend
6-month rolling median $psf · excludes ground & top floor
Popular schools nearby
Proximity to an oversubscribed primary school is a major driver of family demand. Being within 1 km gives the top P1 balloting priority; 1–2 km is next.
Location & neighbourhood
Tap any label below the map to show or hide that layer, or use Show / hide all. On by default: primary schools, MRT stations within 2 km (nearest highlighted), and hawker / malls / supermarkets. Off by default (tap to switch on): Secondary / JC / Poly, international schools, bus stops, healthcare and childcare.
Nearest MRT: Chinese Garden MRT Station · ~902 m. Amenities © OpenStreetMap contributors (ODbL), tiles © CARTO.
About this project
| Project Name | NOVO PLACE |
| Street Name | Plantation Close |
| Property Type | Executive Condominium |
| Tenure | 99 years leasehold |
| District / Planning Area | D24 / Tengah |
| Completion | Under construction · TOP pending |
| Number of units | 504 units |
| Highest floor in the project | 18 |
| Developer | HOI HUP SUNWAY JURONG PTE LTD |
| Land Area (sqm) | 16,441 |
| Master Plan Plot Ratio | 2.8 |
All transactions (504)
Newest first. Click any column heading to sort. Ground & top-floor units are excluded from the median above.
| Date ↕ | Address ↕ | Size (sqft) ↕ | $psf ↕ | Price ↕ |
|---|