Novo Place EC: Launch Preview & VIP Registration
Novo Place is a 99-year Executive Condominium by Hoi Hup & Sunway in District 24, within the Outside Central Region. The development offers 504 units with 3- to 4-bedroom layouts, targeted for completion around 2029. This page is a launch preview: browse the unit mix, review floor plans and register for VIP showflat access. Indicative pricing will be shared during the preview. Facilities span arrival, active, wellness and social zones, including a 50m lap pool and club rooms.
Connectivity
District 24 is served by the western region's road network and public transport links; ask our team for route details during your showflat visit.
Schools & Lifestyle
Families in District 24 have access to a range of schools in the surrounding western region; our team can share nearby options at the showflat.
Growth Potential
District 24 sits within the Outside Central Region, an area undergoing ongoing residential and amenity development; view the location in person to assess fit.
*The information is subject to change and photos/images used are artists' impressions for illustration purposes only.
Novo Place EC: Launch Preview & VIP Registration
Novo Place is a 99-year Executive Condominium by Hoi Hup & Sunway in District 24, within the Outside Central Region. The development offers 504 units with 3- to 4-bedroom layouts, targeted for completion around 2029. This page is a launch preview: browse the unit mix, review floor plans and register for VIP showflat access. Indicative pricing will be shared during the preview. Facilities span arrival, active, wellness and social zones, including a 50m lap pool and club rooms.
District 24 is served by the western region's road network and public transport links; ask our team for route details during your showflat visit.
Families in District 24 have access to a range of schools in the surrounding western region; our team can share nearby options at the showflat.
Novo Place — New Launch Purchase Procedure (8-Step Roadmap)
A structured roadmap for purchasing available developer balance units: from showflat inspection and direct 5% OTP booking to progressive construction calls and key handover.
Affordability & In-Principle Approval (IPA)
Obtain swift bank In-Principle Approval (IPA) within 1–3 days to confirm your MAS 55% TDSR borrowing quantum and cash/CPF downpayment budget prior to securing your choice unit.
- Fast-track bank IPA assessment (1–3 days)
- CPF OA balance & down payment prep
- Stamp duty (BSD/ABSD) funds ready
Live Balance Units & Developer Starbuys
Review live developer availability and latest discounted starbuy promotional units. Available balance units are transacted directly on a first-come, first-served basis with immediate confirmation.
- Live available stack & unit inventory
- Developer promotional discounts & starbuys
- Price per sq ft vs recent transactions
Private Showflat Tour & Site Analysis
Guided walkthrough of show suites and physical development site to inspect spatial layouts, premium fittings, actual view corridors, and distance to MRT and schools.
- Show suite inspection & layout evaluation
- Finishes & branded fittings check
- Actual site perimeter & view orientation
Stack & Floor Level Optimization
Compare available floors and stacks using the Elevation Matrix. Analyze floor premiums, pool vs landscape views, and optimal price quantum to lock in your preferred unit.
- Precise floor jump premium check
- Facing & pool vs landscape view trade-offs
- Target unit confirmation with backup choice
Booking Day & Option to Purchase (OTP)
Secure choice unit during official balloting with 5% booking fee (via PayNow/Cheque/Cashier’s Order) in exchange for the Option to Purchase (OTP).
- Lock choice unit & stack
- Pay 5% booking deposit
- Receive developer-signed OTP
Exercise S&P Agreement & Stamp Duties
Developer issues S&P within 14 days. Exercise OTP within 3 weeks; pay BSD/ABSD within 14 days of exercise. Complete 15% balance payment within 8–9 weeks from OTP.
- Appoint conveyancing lawyer
- Exercise OTP within 3 weeks
- Pay Stamp Duty (BSD) within 14 days
- Pay 15% balance within 9 weeks
Progressive Milestone Payments & Construction Progress
Because construction is actively underway towards TOP (Est. 2029), early completed structural stages are billed at S&P completion, with remaining 5%–10% milestone calls spread over the shortened construction period.
- Early completed stages billed upon S&P
- Remaining tranches billed per certified milestone
- Significantly shortened waiting time to TOP
TOP Key Handover & 12-Month Warranty (DLP)
With a significantly nearer TOP date (Est. 2029), collect keys sooner for immediate personal move-in or fast rental yield generation. Full 12-month Defects Liability Period (DLP) warranty included.
- Accelerated timeline to key collection & move-in
- 12-month defect warranty coverage
- Immediate rental income potential upon TOP
Novo Place EC Mortgage & MSR Affordability Calculator
Indicative monthly instalment & MAS 30% MSR threshold — test Normal (NPS) or Deferred Payment Scheme (DPS).
Stamp Duty & MSR Affordability Check
Indicative BSD/ABSD payable, MAS 30% MSR threshold, and 55% TDSR qualification.
EC Payment Timeline & Cashflow Milestones (PPS / DPS)
Dynamic Singapore URA / HDB Standard Sale & Purchase Agreement timeline calculating stage call amounts, funding sources (Cash/CPF vs Loan), and progressive amortised monthly instalments.
* Milestone disbursements are indicative and based on Singapore URA/HDB Standard S&P schedules and MAS regulations. Actual drawdowns depend on developer architectural certification, legal conveyancing, and lender packages. Consult a Project Specialist.
Bank In-Principle Approval (IPA) — Why It Is Critical Before Booking
An official conditional loan pre-assessment from major Singapore banks (DBS, OCBC, UOB) establishing your indicative borrowing limits under MAS TDSR (55%) rules, safeguarding booking deposits against loan shortfalls.
New launches require a 5% cash booking fee for the OTP. If loan financing fails before expiry, 25% of this deposit is legally forfeited (losing $20,000 to $50,000+). Obtaining an In-Principle Approval (IPA) safeguards your booking deposit against borrowing shortfalls.
Balloting moves fast. An active IPA gives you maximum loan budget clarity, letting you select your preferred stack and floor level with complete confidence.
With an active IPA, banks convert your pre-approval into a formal Letter of Offer within 24–48 hours upon OTP issuance, easily beating the 3-week legal deadline.
FAQ
Novo Place is a 99-year Leasehold residential development situated in D24.
The development features 504 residential units across 3 - 4.
Indicative starting prices are available upon consultation. Register below to receive the official developer price sheet, balance units, and promotion updates.
The expected Temporary Occupation Permit (TOP) date for Novo Place is 2029.
Novo Place is located at 4, 6, 8, 10, 12, 14, 16, 18 Plantation Close, providing direct connectivity to established MRT transit lines in D24.
Nearby educational institutions include established primary and secondary schools in D24.
High-resolution architectural layout · Subject to contract and final survey
REQUEST COMPLETE PRICE SHEET