NEU at Novena is the Latest Development in Prime District 11
Derived from the German word of “neue”, defined as “new”, NEU at Novena is the latest development in the Novena vicinity. The development comprises a single block of 17-storey apartments totaling 87 residential units. Residential unit sizes range from 549 sq ft for a two-bedroom apartment, to 1,302 sq ft for a four-bedroom apartment. For the benefit of both multi-generational families and investors, dual key three-bedroom apartments are also available.
NEU at Novena is the only new launch next to the upcoming HealthCity Novena
Sitting on a plot of approximately 22,198 sq ft, the development boasts a convenient location, adjacent to the upcoming HealthCity Novena as well as a two-minute walk to Novena MRT Station and a myriad of amenities such as the United Square, Velocity and Square 2. Novena MRT Station is also just two stops away from the Orchard MRT Station, which will provide residents with smooth access to the Orchard Road shopping Belt.
NEU at Novena is also within close proximity to a wide range of established educational institutions. Pre-schools in the vicinity include the EtonHouse Pre-School (Newton), Swedish Supplementary Education School and Italian Supplementary School. While primary schools within a 1 km radius include St. Joseph’s Institution Junior and Farrer Park Primary School.
HealthCity Novena Master Plan 2030
With the vision of creating an integrated community of healthcare, medical education and translational research in a vibrant and sustainable communal environment, the HealthCity Novena Master Plan 2030 was first conceptualised in 2009 and later unveiled in 2013. Under the Master Plan, the 17-hectre integrated healthcare development is scheduled to be completed in two phases by 2030, with the first phase slated to be completed in 2022.
A Unique Freehold Development at Enticing Prices
The area surrounding the upcoming HealthCity Novena had a limited supply of new non-landed private residential units over the past 12 years, since the launch of the last 99-year leasehold project in 2007.
Aside from the excellent location, the rarity of NEU at Novena is further enhanced by the development’s freehold tenure, which comes on the back of a limited supply pipeline of freehold developments in the area given absence of foreseeable land parcels available for residential development albeit any collective sales.
Positioned at attractive price points with two-bedroom units starting from S$1.35 million, prices for NEU at Novena has strong potential upside for future capital appreciation as demand is expected to grow and supply is limited. This is further supported by strong demand for non-landed private homes in the core central region, as evidenced from the estimated 2.9% increase in prices in 3Q 2019.
The starlight infinity pool of the 14-storey sky terrace overlooking the Novena cityscape
Inspired by the health and wellness aspect of the HealthCity Novena, NEU at Novena will feature a wide range of communal facilities designed to offer a holistic lifestyle. These facilities are scattered throughout the elevated ground floor as well as the stunning 14-storey sky terrace. The sky terrace facilities such as the starlight infinity pool and teepee tents provide a platform for star gazing and relaxation, while the gourmet dining and vertical garden on the fringe of the sky terrace offers an al fresco dining area for all occasions.
The public preview for NEU at Novena will be held on Saturday, 12 October 2019, and the sales launch for the development will be on Saturday, 19 October 2019.