Nova 48
Located in District 12 (Toa Payoh, Serangoon, Balestier), Nova 48 is a freehold condominium in the Rest of Central Region (RCR). Completed in 2012, the development comprises 48 units. Sale and rental figures on this page are compiled from URA transaction records.
NOVA 48
Over the 12 months to Oct 2025, Nova 48 recorded 2 resale transactions at a median $1,768 psf (median price $1,785,000), and 12 rental contracts at a median $4,600/mo, a gross rental yield of 3.1%. Source: URA caveat data, as of Oct 2025.
Nova 48's median of $1,768 psf over the trailing 12 months places its pricing above roughly 82% of District 12 condos; resale liquidity has been limited with 2 caveats lodged; the 3.1% gross rental yield sits above the ~3% private-market benchmark. Figures reflect URA-registered resale caveats and exclude new-launch sales; weigh unit-specific factors — floor, facing and remaining lease — against this project-level average.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| Oct-25 | $1,490,000 | $1,730 psf | 861 sqft | 01 to 05 | 2BR |
| Sep-25 | $2,080,000 | $1,806 psf | 1,152 sqft | 06 to 10 | 3BR |
| Sep-24 | $1,900,000 | $1,731 psf | 1,098 sqft | 01 to 05 | 3BR |
| Apr-24 | $1,480,000 | $1,719 psf | 861 sqft | 01 to 05 | 2BR |
| Feb-24 | $1,630,000 | $1,741 psf | 936 sqft | 06 to 10 | 2BR |
| Oct-23 | $1,750,000 | $1,642 psf | 1,066 sqft | 01 to 05 | 3BR |
| Sep-23 | $1,600,000 | $1,709 psf | 936 sqft | 06 to 10 | 2BR |
| Feb-23 | $1,810,000 | $1,699 psf | 1,066 sqft | 06 to 10 | 3BR |
Can I afford Nova 48?
Get the monthly repayment, total interest and cash flow based on this project’s median price of $1,785,000.
En-Bloc Potential
A heuristic read of land/redevelopment fundamentals — not a prediction that a collective sale will happen. Whether one succeeds hinges on owner consent, reserve-price expectations, and market timing. Only ~1 in 10 en-bloc attempts complete, and realised premiums have averaged ~14% (owners often expect 40%+). For an ageing leasehold, weigh this against near-certain lease decay while you wait.