District 12 · Novena · RCR
Nova 48
Prome Road · Apartment · Freehold
Current PSF
$1,768
+11.1% vs district median
Gross yield
3.1%
median rent $4,600/mo
3-year gain
4.3%
Transactions · 5y
10
2 in last 12 months
Nearest MRT
Novena Mrt Station · 788.658m
NSL
Future MRT
Bright Hill Mrt Station
CRL · 2030
Vs local HDB
-
Area income
$11,500/mo median
residential zone
En-bloc potential31 / 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
3%
PSF dispersion within project
The neighbourhood
P1 ring
St. Joseph'S Institution Junior 888m · Phase 2C 1.5× balloted - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Secondary
Bendemeer Secondary School · 1.3km
Food
Whampoa Drive Blk 91/92 (Whampoa Drive Makan Place/Whampoa Market) · 579m - 3 hawker centres within 1km
Green
Toa Payoh Town Pk · 653m - 4 parks within 1km
Mall
Zhongshan Mall · 354m
Health
Ttsh Integrated Care Hub (hospital) · 343m
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
2022
$1,577
2023
$1,695
+7.5%
2024
$1,730
+2.1%
2025
$1,768
+2.2%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 1BR | $3,000/mo | $4.62 | 3.1% | 7 |
| 2BR | $3,800/mo | $4.47 | 3.0% | 7 |
| 3BR | $4,500/mo | $4.29 | 2.9% | 46 |
Recent transactions URA, latest 10
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| Oct 2025 | $1,490,000 | 861 | $1,730 | 01-05 |
| Sept 2025 | $2,080,000 | 1,152 | $1,806 | 06-10 |
| Sept 2024 | $1,900,000 | 1,098 | $1,731 | 01-05 |
| Apr 2024 | $1,480,000 | 861 | $1,719 | 01-05 |
| Feb 2024 | $1,630,000 | 936 | $1,741 | 06-10 |
| Oct 2023 | $1,750,000 | 1,066 | $1,642 | 01-05 |
| Sept 2023 | $1,600,000 | 936 | $1,709 | 06-10 |
| Feb 2023 | $1,810,000 | 1,066 | $1,699 | 06-10 |
| Feb 2023 | $1,619,800 | 936 | $1,730 | 11-15 |
| Aug 2022 | $1,680,000 | 1,066 | $1,577 | 01-05 |
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More in District 12
The HDB blocks next door
The entry point, measured: what the resale flats around Nova 48 actually sell for - this project trades at 3.2× the nearest block’s PSF.