We track 6 sales and 112 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the NOVENA LODGE dashboard.
- Average sale price: $1,656,981 across 6 transactions
- Estimated gross rental yield: 2.6%
- District 11 PSF ranking: Above average (top 42%)
- Freehold tenure · CCR · D11 · 66 units
About NOVENA LODGE
NOVENA LODGE is a freehold condominium, located at JALAN MERLIMAU in District 11 (Watten Estate, Novena, Thomson) (Core Central Region), developed by NOVENA DEVELOPMENT PTE LTD, comprising 66 residential units, completed in 1998.
As a freehold property, NOVENA LODGE does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at NOVENA LODGE:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 5 | $1,854 psf | $1,608,378 |
| 3 BR | 1 | $1,961 psf | $1,900,000 |
Sales Market Overview
NOVENA LODGE has recorded 6 sale transactions with an average transaction price of $1,656,981, ranging from $1,268,888 to $1,900,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2022 | 2 | $1,779 psf | $1,498,444 | — |
| 2023 | 2 | $1,784 psf | $1,680,000 | ↑ 0.3% |
| 2024 | 1 | $2,144 psf | $1,685,000 | ↑ 20.2% |
| 2026 | 1 | $1,961 psf | $1,900,000 | ↓ 8.5% |
NOVENA LODGE ranks in the top 42% of condos in District 11 by average PSF.
Compared to the CCR average of $2,447 psf, NOVENA LODGE trades 23.5% below the segment benchmark.
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Rental Market Overview
NOVENA LODGE has recorded 112 rental transactions with monthly rents averaging $3,522/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 10 | $2,816/mo | $2,100/mo | $3,300/mo |
| 2 BR | 41 | $3,345/mo | $2,250/mo | $5,100/mo |
| 3 BR | 61 | $3,757/mo | $2,300/mo | $5,500/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 20 | $2,810/mo |
| 2022 | 22 | $3,257/mo |
| 2023 | 17 | $3,791/mo |
| 2024 | 24 | $3,891/mo |
| 2025 | 20 | $3,748/mo |
| 2026 | 9 | $3,761/mo |
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Investment Analysis
Based on average rents and sale prices, NOVENA LODGE delivers an estimated gross rental yield of 2.6%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
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 NOVENA LODGE (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- NOVENA LODGE
- Novena MRT
- Mount Pleasant MRT
- Newton MRT
- Newton MRT
- Toa Payoh MRT
- St. Joseph'
- New Town Primary School
- Singapore Chinese Girls'
Nearby MRT Stations
NOVENA LODGE is 470m from Novena MRT (North-South Line), with 5 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Novena | NS20 | North-South Line | 470m |
| Mount Pleasant | TE10 | Thomson-East Coast Line | 740m |
| Newton | NS21 | North-South Line | 1.1 km |
| Newton | DT11 | Downtown Line | 1.1 km |
| Toa Payoh | NS19 | North-South Line | 1.2 km |
Nearby Schools
There are 17 schools within 2 km of NOVENA LODGE, including 3 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| St. Joseph's Institution | Secondary | 510m |
| New Town Primary School | Primary | 720m |
| Singapore Chinese Girls' School (Primary) | Primary | 960m |
| CHIJ Our Lady Queen of Peace | Primary | 1.0 km |
| Anglo-Chinese School (Primary) | Primary | 1.1 km |
| St. Margaret's Primary School | Primary | 1.2 km |
| St. Margaret's Secondary School | Secondary | 1.2 km |
| Beatty Secondary School | Secondary | 1.5 km |
| CHIJ Secondary (Toa Payoh) | Secondary | 1.6 km |
| School of Science and Technology | Jc | 1.7 km |
| Nexus International School | International | 1.7 km |
| Kuo Chuan Presbyterian Secondary School | Secondary | 1.7 km |
FAQ
What is the average price for NOVENA LODGE?
What is the rental yield for NOVENA LODGE?
Is NOVENA LODGE 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: 6 transactions analysed
- Rental data: 112 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 NOVENA LODGE
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