We track 5 sales and 48 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the NOVELIS dashboard.
- Average sale price: $1,176,600 across 5 transactions
- Estimated gross rental yield: 3.6%
- District 11 PSF ranking: Above average (top 49%)
- Freehold tenure · CCR · D11 · 24 units
About NOVELIS
NOVELIS is a freehold condominium, located at SINARAN DRIVE in District 11 (Watten Estate, Novena, Thomson) (Core Central Region), developed by NOVENA CAPITAL PTE LTD, comprising 24 residential units, completed in 2008.
As a freehold property, NOVELIS does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at NOVELIS:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 3 | $1,759 psf | $927,667 |
| 2 BR | 2 | $1,920 psf | $1,550,000 |
Sales Market Overview
NOVELIS has recorded 5 sale transactions with an average transaction price of $1,176,600, ranging from $880,000 to $1,580,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 1 | $1,792 psf | $945,000 | — |
| 2022 | 2 | $1,776 psf | $1,200,000 | ↓ 0.9% |
| 2023 | 2 | $1,887 psf | $1,269,000 | ↑ 6.3% |
NOVELIS ranks in the top 49% of condos in District 11 by average PSF.
Compared to the CCR average of $2,447 psf, NOVELIS trades 25.5% below the segment benchmark.
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Rental Market Overview
NOVELIS has recorded 48 rental transactions with monthly rents averaging $3,557/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 23 | $3,080/mo | $2,300/mo | $3,900/mo |
| 2 BR | 22 | $3,782/mo | $3,000/mo | $4,800/mo |
| 3 BR | 3 | $5,567/mo | $4,200/mo | $6,250/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 13 | $2,935/mo |
| 2022 | 11 | $3,409/mo |
| 2023 | 6 | $4,225/mo |
| 2024 | 9 | $3,817/mo |
| 2025 | 9 | $3,933/mo |
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Investment Analysis
Based on average rents and sale prices, NOVELIS delivers an estimated gross rental yield of 3.6%. 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 |
FAQ
What is the average price for NOVELIS?
What is the rental yield for NOVELIS?
Is NOVELIS 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: 5 transactions analysed
- Rental data: 48 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 NOVELIS
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