Novo Place
Novo Place is a 99-year lease (96 yrs left) executive condo development in District 24 (Lim Chu Kang / Tengah). It has 504 recorded private transactions. Latest sale: $1,406,000 (Apr 2026, 81 sqm, floors 06-10). Median $1,650/sqft. 96 years lease remaining.
Where Novo Place ranks in District 24
All 4 projects ›Median psf over time
Estimate a unit at Novo Place
Based on URA transactions for this development. Pick a floor band and unit size.
Projection blends market growth with Bala's Table lease decay. Past growth does not guarantee future performance. Not financial advice.
Lease decay
99-year leasehold. Under Bala's Table (SLA's leasehold relativity model), value decays faster as the lease shortens — currently about 0.13% a year.
Price by floor
| Floor band | Median psf | Transactions |
|---|---|---|
| 01-05 | $1,621 | 140 |
| 06-10 | $1,644 | 140 |
| 11-15 | $1,677 | 140 |
| 16-20 | $1,703 | 84 |
Recent transactions
| Date | Floor | Type | Area | Price | psf |
|---|---|---|---|---|---|
| Apr 2026 | 06-10 | New Sale | 81 sqm | $1,406,000 | $1,613 |
| Apr 2026 | 06-10 | New Sale | 108 sqm | $2,035,000 | $1,751 |
| Jan 2026 | 06-10 | New Sale | 88 sqm | $1,612,000 | $1,702 |
| Nov 2025 | 06-10 | New Sale | 88 sqm | $1,670,000 | $1,763 |
| Nov 2025 | 01-05 | New Sale | 81 sqm | $1,373,000 | $1,575 |
| Oct 2025 | 01-05 | New Sale | 94 sqm | $1,667,000 | $1,648 |
| Jun 2025 | 01-05 | New Sale | 82 sqm | $1,446,000 | $1,638 |
| Jun 2025 | 01-05 | New Sale | 82 sqm | $1,440,000 | $1,631 |
| Jun 2025 | 01-05 | New Sale | 81 sqm | $1,388,000 | $1,592 |
| Jun 2025 | 01-05 | New Sale | 81 sqm | $1,388,000 | $1,592 |
| Jun 2025 | 01-05 | New Sale | 82 sqm | $1,398,000 | $1,584 |
| Jun 2025 | 01-05 | New Sale | 82 sqm | $1,393,000 | $1,578 |
| Jun 2025 | 01-05 | New Sale | 82 sqm | $1,435,000 | $1,626 |
| Jun 2025 | 01-05 | New Sale | 81 sqm | $1,383,000 | $1,586 |
| Jun 2025 | 01-05 | New Sale | 81 sqm | $1,383,000 | $1,586 |
| Jun 2025 | 06-10 | New Sale | 82 sqm | $1,420,000 | $1,609 |
| May 2025 | 01-05 | New Sale | 81 sqm | $1,388,000 | $1,592 |
| May 2025 | 01-05 | New Sale | 81 sqm | $1,398,000 | $1,603 |
| May 2025 | 01-05 | New Sale | 81 sqm | $1,357,000 | $1,556 |
| May 2025 | 01-05 | New Sale | 81 sqm | $1,460,000 | $1,675 |
| May 2025 | 06-10 | New Sale | 108 sqm | $1,987,000 | $1,709 |
| May 2025 | 01-05 | New Sale | 82 sqm | $1,456,000 | $1,650 |
| May 2025 | 01-05 | New Sale | 81 sqm | $1,393,000 | $1,598 |
| May 2025 | 01-05 | New Sale | 81 sqm | $1,388,000 | $1,592 |
| Apr 2025 | 06-10 | New Sale | 82 sqm | $1,418,000 | $1,607 |
About Novo Place
Novo Place is a 99-year leasehold development with its lease commencing in 2023 and about 96 years remaining in District 24 (Lim Chu Kang / Tengah), within the Outside Central Region of Singapore. It is among the more actively traded executive condominium developments in the area, with 504 recorded transactions between 2024-11 and 2026-04, ranging from $1,338,000 to $2,039,000. The most recent transaction was a 81 sqm unit (floors 06-10) sold for $1,406,000 in 2026-04, and the median price is $1,650 per square foot. Under Bala's Table (the Singapore Land Authority leasehold valuation model), the leasehold relativity ratio at 96 years remaining is 0.9632, an annual lease decay of about 0.13%. All transaction data is sourced from the Urban Redevelopment Authority (URA) and updated regularly.
How much does a unit at Novo Place cost?
The most recent transaction at Novo Place was $1,406,000 for a 81 sqm unit in 2026-04. The median price is $1,650 per square foot across 504 transactions, ranging from $1,338,000 to $2,039,000. Data sourced from URA.
Is Novo Place freehold or leasehold?
Novo Place is on a 99-year lease commencing in 2023, with approximately 96 years remaining. Under Bala's Table, the annual lease decay at this point is about 0.13%.
What is the price per square foot (psf) at Novo Place?
The median price at Novo Place is $1,650 psf, with transactions ranging from $1,535 to $1,808 psf. This is based on 504 URA-recorded transactions in District 24.