October 10, 2024

Breaking Ground Together Hoi Hup Realty and Sunway Developments Unite for Novo Place EC on Prime 99-Year Leasehold Site

Shuqun Primary School, situated near Novo Place EC, is renowned for its commitment to holistic education. Its philosophy centers on creating a supportive atmosphere that cultivates cognitive, physical, and social growth. Through a variety of Co-Curricular Activities and a dedicated emphasis on character building, Shuqun Primary prepares its students not only for academic success but also for essential life abilities and principles.

Residents can also enjoy the lush greenery and serene surroundings of Sengkang Riverside Park, which is only a short drive away. Novo Place EC will also have easy access to major expressways such as Tampines Expressway (TPE) and Central Expressway (CTE), making it convenient for residents to travel to other parts of Singapore.

Nestled next to JEM, Westgate provides a well-rounded shopping destination with a touch of luxury. This mall caters to families and boasts a variety of fashion, home, and lifestyle stores. A standout feature of Westgate is its themed outdoor playground on the rooftop, a hit among families with kids. The mall’s direct connection to the Jurong East MRT station also adds to its accessibility, making it a convenient stop for residents of Novo Place EC. With its array of tenants and prime location, a trip to Westgate is a must for both locals and visitors alike.

Furthermore, both developers have a strong track record of delivering successful EC projects. Hoi Hup Realty has previously developed several ECs, including The Miltonia Residences, Arc at Tampines, and The Brownstone, while Sunway Developments has developed The Peak at Toa Payoh and The Waterline. This experience and expertise will surely benefit Novo Place EC in terms of design, construction, and overall management.

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One of the main reasons for the partnership between Hoi Hup Realty and Sunway Developments is their shared vision and values. Both companies are dedicated to building sustainable and livable communities that prioritize the needs of residents. With Novo Place EC, they aim to create a development that will not only provide comfortable homes for families but also contribute to the overall improvement of the neighborhood.

In terms of facilities and amenities, Novo Place EC will not disappoint. The developers have promised to provide a host of luxurious and modern facilities for residents to enjoy. These include a swimming pool, indoor and outdoor gym, BBQ pits, function rooms, and a playground for children. The project will also have 24-hour security, ensuring the safety and peace of mind of residents.

Aside from the impressive credentials of both developers, another reason why Novo Place EC is highly anticipated is its prime location. Sengkang is a rapidly developing town, with excellent amenities and connectivity. Residents of Novo Place EC will be within walking distance to the Sengkang MRT station, as well as the upcoming Buangkok MRT interchange. The development is also surrounded by various shopping malls, supermarkets, schools, and recreational facilities.

But perhaps one of the most exciting things about Novo Place EC is the promise of affordable luxury. As an Executive Condominium, it will be subject to certain eligibility criteria, making it more accessible to first-time homeowners. Buyers can also take advantage of the government’s Housing and Development Board (HDB) housing grants, which can help reduce the prices of the units.

With a maximum gross floor area of 60,810 square meters, Novo Place EC is expected to feature approximately 620 residential units that will range from 3-bedroom to 5-bedroom layouts. The project is estimated to have a total development cost of around $245 million and is set to be completed by 2025.

In the world of real estate, partnerships between developers are not uncommon. However, when two of the biggest names in the industry come together for a project, it is definitely something to take notice of. Breaking ground together, Hoi Hup Realty and Sunway Developments have united for the development of Novo Place Executive Condominium (EC) on a prime 99-year leasehold site in Singapore.

A collaborative statement released by Hoi Hup Realty and Sunway Developments on September 12 disclosed that the land, with a leasehold of 99 years, occupies 16,441.2 square meters and has a maximum allowable gross floor area of 46,036 square meters.
Its diverse mix of tenants and convenient location make Westgate a must-visit destination for both residents and tourists.

Located along Anchorvale Crescent in Sengkang, Novo Place EC is set to be a luxurious and modern residential development that will cater to the needs of growing families. The site, which spans 21,717 square meters, was acquired by Hoi Hup Realty and Sunway Developments through a government land sale in April 2018.

Hoi Hup Realty and Sunway Developments have a long and successful history in the real estate industry, with countless projects under their belts that have received numerous awards and accolades. Both developers are known for their commitment to quality and innovation, making them the perfect partners for this ambitious project.

In conclusion, the partnership between Hoi Hup Realty and Sunway Developments for Novo Place EC is definitely something to look forward to. With their shared vision, expertise, and prime location, this project is poised to be a huge success. It is a testament to how two of the biggest names in the real estate industry can come together to create a development that will truly make a positive impact in the lives of its residents and the community as a whole.