We track 10 sales and 65 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the NOVA 48 dashboard.
- Average sale price: $1,703,980 across 10 transactions
- Estimated gross rental yield: 3.0%
- District 12 PSF ranking: Premium tier (top 17%)
- Freehold tenure · RCR · D12 · 48 units
About NOVA 48
NOVA 48 is a freehold condominium, located at PROME ROAD in District 12 (Toa Payoh, Serangoon, Balestier) (Rest of Central Region), developed by ROXY HOMES PTE LTD, comprising 48 residential units, completed in 2012.
As a freehold property, NOVA 48 does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at NOVA 48:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 5 | $1,726 psf | $1,563,960 |
| 3 BR | 5 | $1,691 psf | $1,844,000 |
Sales Market Overview
NOVA 48 has recorded 10 sale transactions with an average transaction price of $1,703,980, ranging from $1,480,000 to $2,080,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2022 | 1 | $1,577 psf | $1,680,000 | — |
| 2023 | 4 | $1,695 psf | $1,694,950 | ↑ 7.5% |
| 2024 | 3 | $1,730 psf | $1,670,000 | ↑ 2.1% |
| 2025 | 2 | $1,768 psf | $1,785,000 | ↑ 2.2% |
NOVA 48 ranks in the top 17% of condos in District 12 by average PSF.
Compared to the RCR average of $2,049 psf, NOVA 48 trades 16.6% below the segment benchmark.
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Rental Market Overview
NOVA 48 has recorded 65 rental transactions with monthly rents averaging $4,200/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 8 | $2,713/mo | $2,000/mo | $3,300/mo |
| 2 BR | 7 | $4,043/mo | $2,950/mo | $5,300/mo |
| 3 BR | 50 | $4,460/mo | $2,800/mo | $6,700/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 11 | $3,005/mo |
| 2022 | 13 | $3,773/mo |
| 2023 | 12 | $5,071/mo |
| 2024 | 9 | $4,422/mo |
| 2025 | 15 | $4,557/mo |
| 2026 | 5 | $4,380/mo |
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Investment Analysis
Based on average rents and sale prices, NOVA 48 delivers an estimated gross rental yield of 3.0%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 12
Side-by-side comparison against the most actively traded condos in District 12 (Toa Payoh, Serangoon, Balestier):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| THE ORIE | 99 yrs lease commencing from 2024 | 52 | $2,730 psf | 740 |
| EIGHT RIVERSUITES | 99 yrs lease commencing from 2011 | 843 | $1,645 psf | 306 |
| GEM RESIDENCES | 99 yrs lease commencing from 2015 | 578 | $1,838 psf | 196 |
| TREVISTA | 99 yrs lease commencing from 2008 | 590 | $1,702 psf | 147 |
| VERTICUS | Freehold | 162 | $2,122 psf | 128 |
Location Map
Map shows NOVA 48 (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- NOVA 48
- Novena MRT
- Toa Payoh MRT
- CHIJ Our Lady Queen of Peace
- Beatty Secondary School
- CHIJ Secondary (Toa Payoh)
Nearby MRT Stations
NOVA 48 is 770m from Novena MRT (North-South Line), with 2 stations within 1.5 km.
Nearby Schools
There are 23 schools within 2 km of NOVA 48, including 4 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| CHIJ Our Lady Queen of Peace | Primary | 690m |
| Beatty Secondary School | Secondary | 760m |
| CHIJ Secondary (Toa Payoh) | Secondary | 930m |
| School of Science and Technology | Jc | 930m |
| Balestier Hill Primary School | Primary | 1.2 km |
| New Town Primary School | Primary | 1.3 km |
| St. Joseph's Institution | Secondary | 1.4 km |
| St. Margaret's Secondary School | Secondary | 1.4 km |
| St. Margaret's Primary School | Primary | 1.5 km |
| Pei Chun Public School | Primary | 1.5 km |
| Farrer Park Primary School | Primary | 1.5 km |
| Manjusri Secondary School | Secondary | 1.6 km |
FAQ
What is the average price for NOVA 48?
What is the rental yield for NOVA 48?
Is NOVA 48 freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 10 transactions analysed
- Rental data: 65 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 NOVA 48
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