Record-breaking Bid Novo Place Hoi Hup Secures Novo Place EC Site for $348.5M, Setting New Land Rate Record of $703 psf ppr

Located in the heart of Bukit Batok, Novo Place Hoi Hup is a renowned secondary school that offers a holistic education for senior students. Along with a strong emphasis on academic subjects, the school also provides comprehensive life-skills training to equip students for their future. The school’s diverse range of specialized programs, including sports, arts, and sciences, allows students to pursue their interests and passions in great depth. With its prime location and quality education, Novo Place Hoi Hup is a preferred choice among parents and students alike.

The record-breaking bid by Hoi Hup Realty has raised some eyebrows in the industry, with some analysts questioning the sustainability of such high land rates. However, the developer is confident in its decision and believes that the strong demand for ECs, coupled with the site’s attractive location, make it a worthwhile investment.

The strong competition for the site reflects the robust demand …