District 12 · Novena · RCR
Le Shantier
Shan Road · Apartment · Freehold
Current PSF
$1,539
-3.3% vs district median
Gross yield
2.5%
median rent $5,300/mo
3-year gain
0.0%
Transactions · 5y
4
1 in last 12 months
Nearest MRT
Novena Mrt Station · 681.395m
NSL
Future MRT
Bright Hill Mrt Station
CRL · 2030
Vs local HDB
-
Area income
$11,500/mo median
residential zone
En-bloc potential32 / 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
-
PSF dispersion within project
The neighbourhood
P1 ring
St. Joseph'S Institution Junior 896m · Phase 2C 1.5× balloted · Chij Primary (Toa Payoh) 924m · Phase 2C 1.6× balloted - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Secondary
Bendemeer Secondary School · 1.6km
Food
Whampoa Drive Blk 91/92 (Whampoa Drive Makan Place/Whampoa Market) · 879m - 2 hawker centres within 1km
Green
Novena Rise Pk · 435m - 4 parks within 1km
Mall
Zhongshan Mall · 120m
Health
Ttsh Integrated Care Hub (hospital) · 241m
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%
The neighbourhood, photographed
freely-licensed photographs taken within ~450 m · Wikimedia Commons
Price trend average PSF by year
2021
$1,154
2022
$1,118
-3.1%
2023
$1,539
+37.7%
2025
$1,539
+0%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 3BR | $5,294/mo | $3.21 | 2.5% | 14 |
Recent transactions URA, latest 4
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| Dec 2025 | $2,600,888 | 1,690 | $1,539 | 06-10 |
| Aug 2023 | $2,600,388 | 1,690 | $1,539 | 06-10 |
| Jul 2022 | $1,890,000 | 1,690 | $1,118 | 01-05 |
| Aug 2021 | $1,950,000 | 1,690 | $1,154 | 01-05 |
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Grounded in this project’s data - yield, en-bloc, lease, nearby condos.
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More in District 12
The HDB blocks next door
The entry point, measured: what the resale flats around Le Shantier actually sell for - this project trades at 2.4× the nearest block’s PSF.