Novo Place
Novo Place is a 99-year leasehold executive condominium located in District 24 (Lim Chu Kang, Tengah), part of the Outside Central Region (OCR). Completed in 2024, the development comprises 504 units, on a lease that commenced in 2023. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
NOVO PLACE
Over the 12 months to Apr 2026, Novo Place recorded 6 resale transactions at a median $1,675 psf (median price $1,639,500). Source: URA caveat data, as of Apr 2026.
Novo Place's median of $1,675 psf over the trailing 12 months places its pricing below roughly 75% of District 24 condos; resale liquidity has been moderate with 6 caveats lodged. Figures reflect URA-registered resale caveats and exclude new-launch sales; weigh unit-specific factors — floor, facing and remaining lease — against this project-level average.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| Apr-26 | $2,035,000 | $1,751 psf | 1,163 sqft | 06 to 10 | 3BR |
| Apr-26 | $1,406,000 | $1,613 psf | 872 sqft | 06 to 10 | 2BR |
| Jan-26 | $1,612,000 | $1,702 psf | 947 sqft | 06 to 10 | 2BR |
| Nov-25 | $1,373,000 | $1,575 psf | 872 sqft | 01 to 05 | 2BR |
| Nov-25 | $1,670,000 | $1,763 psf | 947 sqft | 06 to 10 | 2BR |
| Oct-25 | $1,667,000 | $1,648 psf | 1,012 sqft | 01 to 05 | 3BR |
| Jun-25 | $1,383,000 | $1,586 psf | 872 sqft | 01 to 05 | 2BR |
| Jun-25 | $1,435,000 | $1,626 psf | 883 sqft | 01 to 05 | 2BR |
Can I afford Novo Place?
Get the monthly repayment, total interest and cash flow based on this project’s median price of $1,639,500.
En-Bloc Potential
A heuristic read of land/redevelopment fundamentals — not a prediction that a collective sale will happen. Whether one succeeds hinges on owner consent, reserve-price expectations, and market timing. Only ~1 in 10 en-bloc attempts complete, and realised premiums have averaged ~14% (owners often expect 40%+). For an ageing leasehold, weigh this against near-certain lease decay while you wait.