Buying a unit in a building that has not been finished means living with a long gap between signing and receiving the keys. For Space Nova, a freehold B1 clean-industrial development of 47 strata units, completion is expected in 2029. Here are the stages that typically fill the years in between, written for buyers who like to know what is coming before they commit. Visit the Space Nova homepage for the project overview, and treat what follows as a general outline rather than a schedule.
Booking and agreement. The first stage is the buyer's commitment: selecting a unit, paying the booking amount and signing the sale agreement within the period the developer's terms set. This is the moment to have a lawyer read the documents and a banker confirm financing, before any money moves. Ask any question about unit selection, such as floor and orientation, now, because it is harder to change course later.
Construction above ground. The development stands on a 36,257 sq ft site and is planned at seven storeys. While the structure rises, buyers have little to do but follow updates. The developer, JVA NIR Pte Ltd, is the party to ask for progress news. Keep your own file of correspondence and notices so that you can refer back to it when a payment stage arrives.
Progress payments. Payments for an uncompleted building are normally tied to construction stages set out in the agreement, not to calendar dates. Read the payment scheme carefully so you know what falls due at each stage, and keep cash available for it. A buyer who plans the cash flow in advance is less likely to be caught short by a stage that arrives sooner than expected.
Fit-out planning. Longer before handover than most owners expect, an occupier should start thinking about layout, power, loading and any licences their business needs. The relevant authority can confirm what an intended use requires.
Completion and handover. The expected date is 2029, and the project's page gives vacant possession as 30 June 2029. Expected dates can shift for reasons outside anyone's control, so avoid committing to a tenant or a production start until the date is firm.
Collection and legal completion. Last comes the final payment, inspection of the unit and the transfer of the keys, with your lawyer handling the legal steps. Allow time for these formalities and do not schedule a business start for the same day.
Space Nova's freehold tenure means there is no lease expiry to plan around once the unit is yours, which is a point set out on the freehold advantage page. The site is about eight minutes on foot from Tai Seng and Bartley MRT.
A long timeline rewards early preparation. If you would like to talk through how these stages apply to you, reach the Space Nova sales team.
General information only, not financial or legal advice.
Freehold industrial like Space Nova rarely comes to market. Register now to receive the brochure, indicative price guide and balance units ahead of public release.
