The surface tension and specific heat of stable and metastable liquid Ni70.2Si29.8 eutectic alloy were measured by electromagnetic levitation oscillating drop method and drop calorimetry. The surface tension depends on temperature linearly within the experimental undercooling regime of 0-182 K (0.12 TE). Its value is 1.693 N·m-1 at the eutectic temperature of 1488 K, and the temperature coefficient is -4.23×10-4 N·m-1·K-1. For the specific heat measurement, the maximum undercooling is up to 253 K (0.17 TE). The specific heat is determined as a polynomial function of temperature in the experimental temperature regime. On the basis of the measured data of surface tension and specific heat, the temperature-dependent density, excess volume and sound speed of liquid Ni70.2Si29.8 alloy are predicted theoretically.