Local developers Roxy-Pacific Holdings and Macly Group, with local construction firm Lim Wen Heng Construction, will open the public preview for NEU at Novena over the weekend of Oct 12-13. NEU at Novena is an 87-unit residential development by the three consortium partners. The sales launch is expected to be on Oct 19.
Located on Moulmein Rise in Novena, the freehold NEU at Novena is a single 17-storey residential block featuring two- to four-bedroom units of 549 sq ft to 1,302 sq ft. Dual-key three-bedroom units are also available in the project. Prices are expected to start from $1.35 million ($2,459 psf) for a two-bedroom unit.
The site is a two-minute walk to Novena MRT Station, and it is close to retail malls such as United Square, Velocity, and Square 2. Pre-schools in the vicinity include the EtonHouse Pre-School (Newton), Swedish Supplementary Education School, and Italian Supplementary School. Primary schools within a kilometre include St Joseph’s Institution Junior and Farrer Park Primary School.
The condo is also beside the upcoming HealthCityNovena, an integrated community of healthcare and medical education, as part of the HealthCity Novena Master Plan 2030. The entire 17-hectare development is expected to be completed by 2030, with the first phase set to be ready in 2022.
NEU at Novena’s freehold tenure will be attractive to buyers and investors given the limited supply pipeline of freehold developments in the area, as well as the absence of foreseeable land parcels available for further residential development.
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