The joint developers of Novo Place EC successfully secured the tender with a record-breaking bid of $348.5 million, which translates to a land rate of $703 per square foot per plot ratio (psf ppr). This surpasses the previous record of $662 psf ppr set in March 2022 at Bukit Batok West Avenue 8. The attractive development attracted nine bidders, further solidifying its appeal.
Novo Place’s location in Tengah Town is another key factor that will contribute to the success of Wong Swee Chun’s vision. Tengah Town is designed with sustainability and community in mind. It will have several green spaces, parks, and walkways, making it an ideal environment for outdoor activities and promoting a healthier lifestyle. The town will also have a mix of commercial and residential areas, providing residents with easy access to amenities such as supermarkets, restaurants, and schools.
In conclusion, Wong Swee Chun, Chairman of Hoi Hup Realty, has a clear and ambitious vision for Novo Place EC in Tengah Town. He aims to create a sustainable and practical community that promotes a healthy and fulfilling lifestyle for its residents. With its strategic location, eco-friendly features, and wide range of facilities, Novo Place is set to become a highly sought-after development and a shining example for future EC projects in Singapore. It is indeed a bright and spectacular future for Novo Place and its residents.
Apart from sustainable and practical living, Wong Swee Chun also aims to create a strong sense of community in Novo Place. He believes that a community is built through meaningful interactions and connections with others. To facilitate this, Novo Place will have communal spaces such as rooftop gardens, BBQ pits, and a clubhouse for residents to gather and socialize. The development will also have a range of facilities for all ages, including a playground for children, a gym for adults, and a swimming pool for families to enjoy together.
Wong Swee Chun, along with Hoi Hup Realty, won the bid for the land parcel in Tengah Town to develop Novo Place EC. This was the first EC site to be launched in Tengah Town, and Wong Swee Chun saw this as an opportunity to create something truly special. He wanted Novo Place to set a new standard for EC developments, and he knew that this could only be achieved by building a sustainable and practical community.
Wong Swee Chun believes that Novo Place will appeal to a wide range of homebuyers, including young families, multi-generational families, and even singles. The development’s location in Tengah Town offers the best of both worlds – a tranquil and green environment while still being well-connected to the rest of Singapore. The upcoming Jurong Region Line and Tengah MRT station will provide residents with easy access to other parts of Singapore.
Wong Swee Chun, Chairman of Hoi Hup Realty, has a grand vision for Novo Place Executive Condominium (EC) in Tengah Town. He envisions a sustainable and practical community, unlike any other in Singapore. With his extensive experience in the real estate industry, Wong Swee Chun is determined to create a spectacular future for Novo Place and its residents.
Sustainability is at the core of Wong Swee Chun’s vision for Novo Place. He believes that it is crucial for every new development to consider the impact on the environment and to find ways to reduce it. Novo Place will incorporate eco-friendly features such as rainwater harvesting, solar panels, and energy-efficient appliances. These measures help to reduce the carbon footprint of the development, making it more environmentally friendly.
In addition, Wong Swee Chun is also focused on creating a practical community in Novo Place. He understands that a sustainable community must also be practical in terms of meeting the daily needs of its residents. This means designing and building homes that are functional, efficient, and cater to the needs of modern families. Novo Place will offer a range of unit sizes and layouts to cater to different family sizes and needs, making it a practical choice for a wide range of homebuyers.
The acquisition of the site by Wong Swee Chun, chairman of Hoi Hup Realty, has been met with contentment, as it presents an opportunity for the company to showcase their expertise in building modern, eco-friendly, and functional ECs. Living at Novo Place EC would provide residents with access to the various amenities and services offered by the newly developed Tengah Town, as well as the revived Jurong Regional Centre and Jurong Lake District, making it a highly advantageous location.
Boon Lay Way is a significant thoroughfare that offers convenient passage to the Jurong Lake District for both locals and tourists. It serves as a crucial route for people traveling to and from the district.
Tengah Town is a highly anticipated new town, located in the West Region of Singapore. It spans over 700 hectares, making it the largest public housing project since Punggol was developed in the 1990s. This new town is designed to meet the housing and lifestyle needs of Singapore’s growing population, with a focus on sustainability and community living.
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