Novena has four brand-new semi-detached homes for sale, starting at $7.2 million each

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Novo Place latest news

PropNex Realty is marketing the sale of four semi-detached properties situated on Bo Seng Avenue and Whitley Road in District 11’s most sought-after district. The properties are located within the two-storey mixed land-locked housing zone located off Thomson Road.

Novo Place latest news after the duo submitted the highest bid amounting to $266 million, equivalent to $661.67 per square foot per plot ratio (psf ppr).

The four homes are part of a recently developed private landed housing development that comprises six semi-detached residences. Two of the houses in the 8, and 10, Bo Seng Avenue were sold previously. The remaining houses are at 6 and 4 Bo Seng Avenue, as in addition to 101 and 101 and Whitley road..

The land size of the four semi-detached houses ranges from about 2,174 to 2,342 sq ft, with a built-up area that ranges from 4,043 to 4,684 sq ft. Each house is a two-storey-plus-attic development with five bedrooms and a helpers’ room. Every house has an underground floor that has car parking spaces and the internal elevator.

According to PropNex The price can range from $7.2 millions to $8.2 million per house. This is equivalent to an estimated property value of $3,227 to $3,500 per square foot.

The entire land project is expected to get the temporary occupancy permit (TOP) by June of the next year.

“We believe that the dearth of landed houses amidst steady market demand will continue to to lower the prices,” says Henry Benjamin Lim who is the head of the Good Class Bungalows and prestige homes landed at PropNex. “Based on the psf-based pricing on land as well as the price for the semi detached properties located in Bo Seng Avenue and Whitley Road are attractive and similar to prices of newly sold, brand new land-locked homes within the area.”

He also cites sales in close by Chancery Lane, Jalan Novena, and Mount Rosie, where prices ranged between $3,200 and $4,456 psf.

“Many homeowners who are landed are buying the property to plan their estates and preservation of wealth. The four semi-detached homes located in Bo Seng Avenue and Whitley Road are expected to attract attention from buyers in the area especially those who are looking for big homes suitable for multi-generational families,” says Lim.

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