We track 12 sales and 180 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the NOVENA SUITES dashboard.
- Average sale price: $1,683,115 across 12 transactions
- Estimated gross rental yield: 2.9%
- District 11 PSF ranking: Above average (top 29%)
- Freehold tenure · CCR · D11 · 92 units
About NOVENA SUITES
NOVENA SUITES is a freehold condominium, located at MOULMEIN ROAD in District 11 (Watten Estate, Novena, Thomson) (Core Central Region), developed by UOL DEVELOPMENT(NOVENA) PTE LTD, comprising 92 residential units, completed in 2004.
As a freehold property, NOVENA SUITES does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at NOVENA SUITES:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 5 | $1,863 psf | $1,243,476 |
| 2 BR | 7 | $2,156 psf | $1,997,143 |
Sales Market Overview
NOVENA SUITES has recorded 12 sale transactions with an average transaction price of $1,683,115, ranging from $1,160,000 to $2,210,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2022 | 4 | $1,833 psf | $1,290,000 | — |
| 2023 | 3 | $2,111 psf | $2,000,000 | ↑ 15.2% |
| 2024 | 4 | $2,102 psf | $1,706,845 | ↓ 0.5% |
| 2026 | 1 | $2,333 psf | $2,210,000 | ↑ 11.0% |
NOVENA SUITES ranks in the top 29% of condos in District 11 by average PSF.
Compared to the CCR average of $2,447 psf, NOVENA SUITES trades 16.9% below the segment benchmark.
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Rental Market Overview
NOVENA SUITES has recorded 180 rental transactions with monthly rents averaging $4,001/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 121 | $3,733/mo | $2,600/mo | $6,000/mo |
| 2 BR | 58 | $4,482/mo | $3,200/mo | $7,000/mo |
| 4 BR | 1 | $8,500/mo | $8,500/mo | $8,500/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 37 | $3,238/mo |
| 2022 | 37 | $3,690/mo |
| 2023 | 35 | $4,631/mo |
| 2024 | 32 | $4,371/mo |
| 2025 | 30 | $4,183/mo |
| 2026 | 9 | $4,039/mo |
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Investment Analysis
Based on average rents and sale prices, NOVENA SUITES delivers an estimated gross rental yield of 2.9%. 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 SUITES (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- NOVENA SUITES
- Novena MRT
- Newton MRT
- Newton MRT
- Farrer Park MRT
- Mount Pleasant MRT
- CHIJ Our Lady Queen of Peace
- St. Margaret'
- St. Margaret'
Nearby MRT Stations
NOVENA SUITES is 190m from Novena MRT (North-South Line), with 7 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Novena | NS20 | North-South Line | 190m |
| Newton | NS21 | North-South Line | 930m |
| Newton | DT11 | Downtown Line | 930m |
| Farrer Park | NE8 | North-East Line | 1.3 km |
| Mount Pleasant | TE10 | Thomson-East Coast Line | 1.4 km |
| Little India | NE7 | North-East Line | 1.5 km |
| Little India | DT12 | Downtown Line | 1.5 km |
Nearby Schools
There are 14 schools within 2 km of NOVENA SUITES, including 4 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| CHIJ Our Lady Queen of Peace | Primary | 480m |
| St. Margaret's Secondary School | Secondary | 650m |
| St. Margaret's Primary School | Primary | 660m |
| Singapore Chinese Girls' School (Primary) | Primary | 970m |
| St. Joseph's Institution | Secondary | 1.1 km |
| Anglo-Chinese School (Primary) | Primary | 1.1 km |
| New Town Primary School | Primary | 1.4 km |
| Farrer Park Primary School | Primary | 1.4 km |
| ACS (Junior) | Primary | 1.6 km |
| Beatty Secondary School | Secondary | 1.6 km |
| LASALLE College of the Arts | Tertiary | 1.6 km |
| St. Anthony's Primary School | Primary | 1.7 km |
FAQ
What is the average price for NOVENA SUITES?
What is the rental yield for NOVENA SUITES?
Is NOVENA SUITES 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: 12 transactions analysed
- Rental data: 180 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 SUITES
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.