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Home/District 24 - Lim Chu Kang, Tengah/NOVO PLACE

NOVO PLACE

District 24OCR99 yrs lease commencing from 2023PropertyGuru

Project Details

Address
PLANTATION CLOSE
Property Type
Executive Condominium
Total Units
504
Est. TOP
2028
Developer
Hoi Hup Sunway Jurong Pte Ltd
Tenure
99 yrs lease commencing from 2023
Price by Bedroom (median, 3yr)
3-Bed
$1,458,000
301 txns
4-Bed
$1,895,000
116 txns
Median PSF (3yr)
$1650
417 transactions
Lease too short to normalize meaningfully (under 40yr remaining).

About this number

Normalized PSF uses Bala's Table - the Singapore Land Authority differential premium reference for valuing leasehold against freehold. Bala values a fresh 99-year lease at 96% of freehold; the curve drops non-linearly, reaching ~75% at 50 years remaining and ~60% at 30 years.

Below 40 years remaining we stop normalizing because the curve diverges from market reality once CPF withdrawal restrictions and bank LTV cliffs dominate.

A separate 5% adjustment applies to projects whose lease commenced before 2023, reflecting the older strata-area measurement convention (which counted air-con ledges and bay windows).

Source: Singapore Land Authority differential premium reference (Bala's Table).

Investment Signals

Could not load schools, MRT, and supply data right now.

PSF Trend

Transaction prices per square foot

More projects in District 24 - Lim Chu Kang, Tengah ->
Last 3 years
  • NOVO PLACEOCR
    Apr 2026 · D24 · 4-Bed · 1,163 sqft · fl 06-10
    $2,035,000
    $1,751 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    Apr 2026 · D24 · 3-Bed · 872 sqft · fl 06-10
    $1,406,000
    $1,613 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    Jan 2026 · D24 · 3-Bed · 947 sqft · fl 06-10
    $1,612,000
    $1,702 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    Nov 2025 · D24 · 3-Bed · 947 sqft · fl 06-10
    $1,670,000
    $1,763 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    Nov 2025 · D24 · 3-Bed · 872 sqft · fl 01-05
    $1,373,000
    $1,575 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    Oct 2025 · D24 · 4-Bed · 1,012 sqft · fl 01-05
    $1,667,000
    $1,648 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    Jun 2025 · D24 · 3-Bed · 883 sqft · fl 06-10
    $1,420,000
    $1,609 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    Jun 2025 · D24 · 3-Bed · 883 sqft · fl 01-05
    $1,398,000
    $1,584 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    Jun 2025 · D24 · 3-Bed · 883 sqft · fl 01-05
    $1,446,000
    $1,638 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    Jun 2025 · D24 · 3-Bed · 872 sqft · fl 01-05
    $1,383,000
    $1,586 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    Jun 2025 · D24 · 3-Bed · 883 sqft · fl 01-05
    $1,440,000
    $1,631 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    Jun 2025 · D24 · 3-Bed · 883 sqft · fl 01-05
    $1,393,000
    $1,578 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    Jun 2025 · D24 · 3-Bed · 883 sqft · fl 01-05
    $1,435,000
    $1,626 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    Jun 2025 · D24 · 3-Bed · 872 sqft · fl 01-05
    $1,388,000
    $1,592 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    May 2025 · D24 · 3-Bed · 872 sqft · fl 01-05
    $1,460,000
    $1,675 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    May 2025 · D24 · 3-Bed · 872 sqft · fl 01-05
    $1,388,000
    $1,592 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    May 2025 · D24 · 3-Bed · 872 sqft · fl 01-05
    $1,357,000
    $1,556 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    May 2025 · D24 · 3-Bed · 872 sqft · fl 01-05
    $1,398,000
    $1,603 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    May 2025 · D24 · 3-Bed · 872 sqft · fl 01-05
    $1,393,000
    $1,598 psf
    — norm
    New Sale
  • NOVO PLACEOCR
    May 2025 · D24 · 3-Bed · 883 sqft · fl 01-05
    $1,456,000
    $1,650 psf
    — norm
    New Sale
ProjectDistRegionBedFloorAreaPricePSF99yr NormDateType
NOVO PLACE24OCR406-101,163$2,035,000$1,751—Apr 2026New Sale
NOVO PLACE24OCR306-10872$1,406,000$1,613—Apr 2026New Sale
NOVO PLACE24OCR306-10947$1,612,000$1,702—Jan 2026New Sale
NOVO PLACE24OCR306-10947$1,670,000$1,763—Nov 2025New Sale
NOVO PLACE24OCR301-05872$1,373,000$1,575—Nov 2025New Sale
NOVO PLACE24OCR401-051,012$1,667,000$1,648—Oct 2025New Sale
NOVO PLACE24OCR306-10883$1,420,000$1,609—Jun 2025New Sale
NOVO PLACE24OCR301-05883$1,398,000$1,584—Jun 2025New Sale
NOVO PLACE24OCR301-05883$1,446,000$1,638—Jun 2025New Sale
NOVO PLACE24OCR301-05872$1,383,000$1,586—Jun 2025New Sale
NOVO PLACE24OCR301-05883$1,440,000$1,631—Jun 2025New Sale
NOVO PLACE24OCR301-05883$1,393,000$1,578—Jun 2025New Sale
NOVO PLACE24OCR301-05883$1,435,000$1,626—Jun 2025New Sale
NOVO PLACE24OCR301-05872$1,388,000$1,592—Jun 2025New Sale
NOVO PLACE24OCR301-05872$1,460,000$1,675—May 2025New Sale
NOVO PLACE24OCR301-05872$1,388,000$1,592—May 2025New Sale
NOVO PLACE24OCR301-05872$1,357,000$1,556—May 2025New Sale
NOVO PLACE24OCR301-05872$1,398,000$1,603—May 2025New Sale
NOVO PLACE24OCR301-05872$1,393,000$1,598—May 2025New Sale
NOVO PLACE24OCR301-05883$1,456,000$1,650—May 2025New Sale

Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.

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