Novo Place is an exciting new executive condominium (EC) development located in the heart of Tengah, Singapore’s first “Forest Town.
Novo Place is an exciting new executive condominium (EC) development located in the heart of Tengah, Singapore’s first “Forest Town.
Situated at Plantation Close, Novo Place enjoys a prime location in Tengah, a district designed with green living in mind. The development is close to the future Tengah Park MRT station on the Jurong Region Line, ensuring excellent connectivity to key areas like Jurong East. Major expressways, including the Pan Island Expressway (PIE) and Kranji Expressway (KJE), are also nearby, providing easy access to the rest of Singapore.
As an Executive Condominium, Novo Place offers a unique exit strategy. After completing the Minimum Occupation Period (MOP) of five years, owners can sell their units to Singaporean citizens or permanent residents. After 10 years, the property becomes fully privatized, allowing it to be sold to foreigners as well. This flexibility, coupled with Tengah’s growing demand for housing, makes Novo Place a potentially lucrative investment.
Novo Place offers modern, sustainable living in a family-friendly environment, making it an ideal choice for those seeking a new home in the growing Tengah district.
For a more detailed analysis on how Novo Place is the right fit for your needs, we encourage you to contact us. Our team is equipped to provide you with comprehensive information and guidance tailored to your requirements.
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