THE VERVE is a freehold development along JALAN RAJAH in District 12 (Toa Payoh / Balestier), part of the RCR segment of Singapore's private residential market. The project comprises 106 units and is an established secondary-market project.
This profile draws on 37 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.
The project is in its mature or late-resale phase, where lease tenure (for leasehold stock), redevelopment optionality, and en-bloc potential all start to weigh more on the investment thesis than current rental yield.
Within District 12 (Toa Payoh / Balestier), the immediate context for THE VERVE 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 37 sales and 260 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE VERVE dashboard.
- Average sale price: $930,649 across 37 transactions
- Estimated gross rental yield: 3.8%
- District 12 PSF ranking: Mid-range (top 59%)
- Freehold tenure · RCR · D12 · 106 units
About THE VERVE
THE VERVE is a freehold condominium, located at JALAN RAJAH in District 12 (Toa Payoh, Serangoon, Balestier) (Rest of Central Region), comprising 106 residential units.
As a freehold property, THE VERVE does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at THE VERVE:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 11 | $1,582 psf | $698,364 |
| 1 BR | 10 | $1,353 psf | $838,500 |
| 2 BR | 12 | $1,342 psf | $1,085,583 |
| 3 BR | 2 | $1,175 psf | $1,355,000 |
| 4 BR | 2 | $905 psf | $1,315,000 |
Sales Market Overview
THE VERVE has recorded 37 sale transactions with an average transaction price of $930,649, ranging from $616,000 to $1,450,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 13 | $1,346 psf | $883,154 | — |
| 2022 | 7 | $1,363 psf | $916,714 | ↑ 1.3% |
| 2023 | 8 | $1,301 psf | $1,017,500 | ↓ 4.5% |
| 2024 | 4 | $1,539 psf | $872,000 | ↑ 18.3% |
| 2025 | 4 | $1,498 psf | $1,049,500 | ↓ 2.7% |
| 2026 | 1 | $1,609 psf | $710,000 | ↑ 7.4% |
THE VERVE ranks in the top 59% of condos in District 12 by average PSF.
Compared to the RCR average of $2,049 psf, THE VERVE trades 32.5% below the segment benchmark.
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Rental Market Overview
THE VERVE has recorded 260 rental transactions with monthly rents averaging $2,954/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 195 | $2,739/mo | $1,800/mo | $3,500/mo |
| 2 BR | 65 | $3,598/mo | $2,300/mo | $4,900/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 50 | $2,285/mo |
| 2022 | 54 | $2,871/mo |
| 2023 | 42 | $3,479/mo |
| 2024 | 43 | $3,088/mo |
| 2025 | 53 | $3,102/mo |
| 2026 | 18 | $3,080/mo |
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Investment Analysis
Based on average rents and sale prices, THE VERVE delivers an estimated gross rental yield of 3.8%. This is above the Singapore-wide benchmark of approximately 3%.
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 THE VERVE (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE VERVE
- Toa Payoh MRT
- Novena MRT
- Mount Pleasant MRT
- Braddell MRT
- Caldecott MRT
- Beatty Secondary School
- CHIJ Secondary (Toa Payoh)
- School of Science and Technology
Nearby MRT Stations
THE VERVE is 570m from Toa Payoh MRT (North-South Line), with 6 stations within 1.5 km.
Nearby Schools
There are 23 schools within 2 km of THE VERVE, including 4 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Beatty Secondary School | Secondary | 580m |
| CHIJ Secondary (Toa Payoh) | Secondary | 710m |
| School of Science and Technology | Jc | 750m |
| CHIJ Our Lady Queen of Peace | Primary | 990m |
| Balestier Hill Primary School | Primary | 1.0 km |
| New Town Primary School | Primary | 1.1 km |
| Pei Chun Public School | Primary | 1.2 km |
| Manjusri Secondary School | Secondary | 1.3 km |
| First Toa Payoh Primary School | Primary | 1.3 km |
| St. Joseph's Institution | Secondary | 1.4 km |
| Nexus International School | International | 1.4 km |
| De La Salle School | Primary | 1.4 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.
Walking-distance MRT. Toa Payoh is about 0.57km — within the conventional 10-minute walk threshold most tenants accept. The project benefits from the public-transport premium without the price compression that <500m flagship stations command.
School-belt proximity. Beatty Secondary School sits about 0.58km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
District supply pipeline. Non-prime districts are more sensitive to GLS pipeline additions; check the URA Master Plan 2019 confirmed and provisional land sales schedule for the immediate 5-year window. New launches at 10-20% lower PSF can compress secondary-market resale velocity for 18-24 months around their launch dates.
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: THE VERVE combines walking-distance MRT with long-tenure leasehold (or freehold) — a solid structural foundation. The district position dictates whether capital appreciation outpaces or tracks the broader market. 37 transactions in URA provide the data foundation for this view.
Suggested holding period for most buyer profiles: 6-10 years to ride out one full macro cycle. 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 THE VERVE?
What is the rental yield for THE VERVE?
Is THE VERVE 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: 37 transactions analysed
- Rental data: 260 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 THE VERVE
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.
New Sale vs Resale Mix
Of the 438 condo transactions recorded in District 12 over the last 12 months, 87% resale, 13% new 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 12 reads 136.8 as of May 2026 — down 6.2% 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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Upcoming Supply Pipeline
1 active Government Land Sales site in District 12 could add roughly 335 new units to local supply. Incoming supply of this scale tends to cap short-term price growth in the immediate area but also signals planning confidence in the location.
| Site | Street | Est. units | List | Status |
|---|---|---|---|---|
| Lorong 1 Toa Payoh | — | ~335 | Confirmed | Available |
HDB Alternatives Nearby
Weighing THE VERVE against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (290m away), an upgrader gap of about $50,000
- Toa Payoh — 4-room average $929,793 (440m away), an upgrader gap of about $0
- Bishan — 4-room average $791,445 (1.9 km away), an upgrader gap of about $150,000