CITY EDGE is a freehold development along MOULMEIN RISE in District 11 (Newton / Novena), part of the CCR segment of Singapore's private residential market. The project comprises 49 units and is TOP 2008.
This profile draws on 6 recorded transactions from URA to frame the project's character: who actually lives here, who buys here, and where the pricing sits relative to immediate alternatives. For the broader district context, see the Singapore price-heatmap map.
At roughly 18 years from TOP, CITY EDGE is in mature-resale territory: a clear track record on capital appreciation, defined renovation and refurbishment cycles, and lease-decay considerations starting to enter the picture (if leasehold).
Within District 11 (Newton / Novena), the immediate context for CITY EDGE is shaped by the broader URA Master Plan zoning for the area, ongoing or planned infrastructure (MRT extensions, expressway changes, school relocations), and the supply pipeline of nearby launches. See the URA Master Plan 2019 for the precinct-specific land-use overlay before underwriting medium-term capital appreciation.
We track 6 sales and 86 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the CITY EDGE dashboard.
- Average sale price: $1,602,315 across 6 transactions
- Estimated gross rental yield: 3.1%
- District 11 PSF ranking: Mid-range (top 50%)
- Freehold tenure · CCR · D11 · 49 units
About CITY EDGE
CITY EDGE is a freehold condominium, located at MOULMEIN RISE in District 11 (Watten Estate, Novena, Thomson) (Core Central Region), developed by LENG HOE DEVELOPMENT PTE LTD, comprising 49 residential units, completed in 2008.
As a freehold property, CITY EDGE does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at CITY EDGE:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 5 | $1,765 psf | $1,462,778 |
| 3 BR | 1 | $1,997 psf | $2,300,000 |
Sales Market Overview
CITY EDGE has recorded 6 sale transactions with an average transaction price of $1,602,315, ranging from $1,360,000 to $2,300,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2022 | 2 | $1,713 psf | $1,420,000 | — |
| 2023 | 3 | $1,799 psf | $1,491,296 | ↑ 5.0% |
| 2025 | 1 | $1,997 psf | $2,300,000 | ↑ 11.0% |
CITY EDGE ranks in the top 50% of condos in District 11 by average PSF.
Compared to the CCR average of $2,447 psf, CITY EDGE trades 26.3% below the segment benchmark.
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Rental Market Overview
CITY EDGE has recorded 86 rental transactions with monthly rents averaging $4,099/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 62 | $3,884/mo | $2,400/mo | $5,500/mo |
| 3 BR | 24 | $4,655/mo | $3,500/mo | $6,600/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 21 | $3,371/mo |
| 2022 | 17 | $3,712/mo |
| 2023 | 17 | $4,700/mo |
| 2024 | 12 | $4,363/mo |
| 2025 | 15 | $4,427/mo |
| 2026 | 4 | $5,000/mo |
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Investment Analysis
Based on average rents and sale prices, CITY EDGE delivers an estimated gross rental yield of 3.1%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 11
Side-by-side comparison against the most actively traded condos in District 11 (Watten Estate, Novena, Thomson):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| PULLMAN RESIDENCES NEWTON | Freehold | 340 | $3,074 psf | 288 |
| WATTEN HOUSE | Freehold | 180 | $3,236 psf | 179 |
| SOLEIL @ SINARAN | 99 yrs lease commencing from 2006 | 417 | $1,974 psf | 93 |
| PEAK RESIDENCE | Freehold | 90 | $2,489 psf | 90 |
| AMARYLLIS VILLE | 99 yrs lease commencing from 1997 | 311 | $1,903 psf | 72 |
Location Map
Map shows CITY EDGE (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- CITY EDGE
- Novena MRT
- Newton MRT
- Newton MRT
- Farrer Park MRT
- Toa Payoh MRT
- CHIJ Our Lady Queen of Peace
- St. Margaret'
- St. Margaret'
Nearby MRT Stations
CITY EDGE is 320m from Novena MRT (North-South Line), with 7 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Novena | NS20 | North-South Line | 320m |
| Newton | NS21 | North-South Line | 1.1 km |
| Newton | DT11 | Downtown Line | 1.1 km |
| Farrer Park | NE8 | North-East Line | 1.2 km |
| Toa Payoh | NS19 | North-South Line | 1.5 km |
| Little India | NE7 | North-East Line | 1.5 km |
| Little India | DT12 | Downtown Line | 1.5 km |
Nearby Schools
There are 17 schools within 2 km of CITY EDGE, including 3 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| CHIJ Our Lady Queen of Peace | Primary | 280m |
| St. Margaret's Secondary School | Secondary | 750m |
| St. Margaret's Primary School | Primary | 790m |
| Singapore Chinese Girls' School (Primary) | Primary | 1.2 km |
| St. Joseph's Institution | Secondary | 1.2 km |
| Farrer Park Primary School | Primary | 1.3 km |
| Anglo-Chinese School (Primary) | Primary | 1.3 km |
| Beatty Secondary School | Secondary | 1.4 km |
| New Town Primary School | Primary | 1.5 km |
| LASALLE College of the Arts | Tertiary | 1.6 km |
| CHIJ Secondary (Toa Payoh) | Secondary | 1.6 km |
| School of Science and Technology | Jc | 1.6 km |
Tenure resilience. Freehold tenure removes the lease-decay headwind that affects 99-year leasehold stock from ~year 60 onward. CPF eligibility, loan-tenure caps, and resale buyer pool are all preserved without the time-decay clock. For long holds (15+ years), this matters meaningfully more than headline PSF.
Genuine walk-to-MRT access. Novena sits about 0.32km away — true walking distance, not the elastic 800m claim that some listings stretch. For tenants and commuter-owners, this anchors rental demand and supports a steady capital-value floor across cycles.
Boutique character. With 49 units, CITY EDGE keeps a low-density character — fewer residents per facility, quieter corridors, more curated common spaces. Suits buyers prioritising unit-interior quality and neighbour proximity over deep facilities breadth.
School-belt proximity. CHIJ Our Lady Queen of Peace sits about 0.28km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Thin transaction history. With only 6 recorded sales, comparable-sales analysis is fragile — a single outlier transaction can skew the apparent price level by 5-10%. Triangulate with nearby district comparables rather than rely on within-project averages alone.
Cycle-sensitivity. Like all Singapore private residential, the project's capital appreciation and rental yields move with broader macro factors — mortgage rate environment, MAS macroprudential stance (TDSR, ABSD), and the supply-pipeline tempo. Build a 5pp rate buffer into your stress test.
- ✅ Young couple, first home: Long balance lease + likely sub-CCR pricing
- ✅ Family with school-age kids: Nearby schools support MOE registration priority
- ✅ CBD commuter: Walking-distance MRT supports daily commute
- ❌ Rental investor (yield-focused): Thin transaction history makes underwriting fragile
- ⚠️ Foreign professional (expat): MRT plus mid-size facility suite typically meets expat-tenant criteria
- ✅ Long-term hold (10+ yr): Tenure supports CPF + buyer-pool through hold
Composite assessment: CITY EDGE hits the three structural levers that anchor long-term Singapore residential value: a prime district position, walkable MRT, and a long balance lease. Premium pricing is the trade-off; buyers paying that premium are buying scarcity rather than yield. 6 transactions in URA provide the data foundation for this view.
Suggested holding period for most buyer profiles: 8-15 years to absorb full cycle and capture the prime-district capital-appreciation thesis. Cross-reference per-bedroom net yield against district comparables via the compare-tool, model monthly cash-flow with the mortgage calculator, and confirm your effective BSD+ABSD cost using the stamp-duty calculator before finalising. This profile is informational; not a personal investment recommendation.
FAQ
What is the average price for CITY EDGE?
What is the rental yield for CITY EDGE?
Is CITY EDGE freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA.
- Sales data: 6 transactions analysed
- Rental data: 86 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for CITY EDGE
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.
New Sale vs Resale Mix
Of the 452 condo transactions recorded in District 11 over the last 12 months, 90% resale, 8% new sale, 2% sub sale. A resale-heavy mix points to an established market trading on fundamentals; a new-sale-heavy mix means developer launches are setting the price benchmarks.
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Price Index Check
The ShiokNest Price Index for District 11 reads 121.2 as of June 2026 — up 1.7% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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HDB Alternatives Nearby
Weighing CITY EDGE against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (400m away), an upgrader gap of about $700,000
- Toa Payoh — 4-room average $929,793 (1.2 km away), an upgrader gap of about $650,000
- Central Area — 4-room average $1,088,814 (1.3 km away), an upgrader gap of about $500,000