District 12 · Novena · RCR
Chelsea Grove
Martaban Road · Apartment · Freehold
Current PSF
$1,230
-22.7% vs district median
Gross yield
4.0%
median rent $4,100/mo
3-year gain
-21.5%
Transactions · 5y
7
1 in last 12 months
Nearest MRT
Novena Mrt Station · 910.156m
NSL
Future MRT
Bright Hill Mrt Station
CRL · 2030
Vs local HDB
-
Area income
$11,500/mo median
commercial zone
En-bloc potential42 / 100
· composite of plot use, age, tenure, value gap & size
Tenanted
100%
units with active leases
Rent momentum
-
latest 2 qtrs vs year ago
Sub-sales
0.0%
flip ratio, last 24 months
Price spread
13%
PSF dispersion within project
The neighbourhood
P1 ring
Hong Wen School 771m · Phase 2C 2.5× balloted · St. Joseph'S Institution Junior 917m · Phase 2C 1.5× balloted - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Secondary
Bendemeer Secondary School · 1.1km
Food
Whampoa Drive Blk 91/92 (Whampoa Drive Makan Place/Whampoa Market) · 338m - 3 hawker centres within 1km
Green
Toa Payoh Town Pk · 840m - 4 parks within 1km
Mall
Zhongshan Mall · 597m
Health
Tan Tock Seng Hospital (hospital) · 477m
Who lives in Novena
Census of Population 2020 · planning-area aggregates · SingStat via data.gov.sg
Residents
49,330
Median age
43 yrs
45% under 40 · getting older
Children 0–9
5,060
▲ 1% since 2015 · future P1 demand
Household size
3.1 avg
Homes
44% HDB
39% condo · 16% landed
Degree holders
48%
residents 15+
Commute
48% transit
31% drive
45 min+ to work
16%
Price trend average PSF by year
2021
$1,314
2022
$1,307
-0.5%
2023
$1,566
+19.8%
2024
$803
-48.7%
2025
$1,357
+69%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 2BR | $4,000/mo | $4.21 | 4.1% | 31 |
Recent transactions URA, latest 9
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| Oct 2025 | $1,840,000 | 1,496 | $1,230 | 01-05 |
| Apr 2025 | $1,454,000 | 980 | $1,484 | 01-05 |
| Jun 2024 | $1,600,000 | 1,991 | $803 | 06-10 |
| Jul 2023 | $1,500,000 | 958 | $1,566 | 06-10 |
| Jun 2022 | $1,400,000 | 947 | $1,478 | 01-05 |
| Feb 2022 | $1,700,000 | 1,496 | $1,136 | 01-05 |
| Nov 2021 | $1,388,000 | 958 | $1,449 | 01-05 |
| Jun 2021 | $1,212,000 | 947 | $1,280 | 01-05 |
| May 2021 | $1,200,000 | 990 | $1,212 | 06-10 |
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More in District 12
The HDB blocks next door
The entry point, measured: what the resale flats around Chelsea Grove actually sell for - this project trades at 2.5× the nearest block’s PSF.