The Spinnaker
Located in District 11 (Watten Estate, Novena, Thomson), The Spinnaker is a freehold condominium in the Core Central Region (CCR). Completed in 2000, the development comprises 36 units. Sale and rental figures on this page are compiled from URA transaction records.
THE SPINNAKER
Over the 12 months to Jul 2025, The Spinnaker recorded 1 resale transaction at a median $1,887 psf (median price $2,600,000), and 7 rental contracts at a median $5,000/mo, a gross rental yield of 2.3%. Source: URA caveat data, as of Jul 2025.
The Spinnaker's median of $1,887 psf over the trailing 12 months places its pricing below roughly 65% of District 11 condos; resale liquidity has been limited with 1 caveat lodged; the 2.3% gross rental yield sits below 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 |
|---|---|---|---|---|---|
| Jul-25 | $2,600,000 | $1,887 psf | 1,378 sqft | 06 to 10 | 4BR |
| Mar-25 | $2,380,000 | $1,812 psf | 1,313 sqft | 06 to 10 | 3BR |
| Mar-22 | $2,230,000 | $1,756 psf | 1,270 sqft | 11 to 15 | 3BR |
| Mar-22 | $2,100,000 | $1,639 psf | 1,281 sqft | 06 to 10 | 3BR |
| Dec-21 | $3,550,000 | $1,556 psf | 2,282 sqft | 11 to 15 | 5BR |
| Aug-21 | $2,150,000 | $1,651 psf | 1,302 sqft | 06 to 10 | 3BR |
Can I afford The Spinnaker?
Get the monthly repayment, total interest and cash flow based on this project’s median price of $2,600,000.
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.