District 12 · Novena · RCR
Ritz Mansions
Balestier Road · Apartment · Freehold
Current PSF
$1,502
-5.6% vs district median
Gross yield
2.6%
median rent $4,300/mo
3-year gain
4.9%
Transactions · 5y
14
2 in last 12 months
Nearest MRT
Toa Payoh Mrt Station · 1,089.138m
NSL
Future MRT
Bright Hill Mrt Station
CRL · 2030
Vs local HDB
-
Area income
$11,500/mo median
residential zone
En-bloc potential33 / 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
Hong Wen School 661m · Phase 2C 2.5× balloted - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Secondary
Bendemeer Secondary School · 883m
Food
Whampoa Drive Blk 91/92 (Whampoa Drive Makan Place/Whampoa Market) · 234m - 2 hawker centres within 1km
Green
Toa Payoh Town Pk · 856m - 2 parks within 1km
Mall
Zhongshan Mall · 709m
Health
Tan Tock Seng Hospital (hospital) · 664m
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
$1,189
2022
$1,290
+8.5%
2023
$1,432
+11%
2025
$1,459
+1.9%
2026
$1,502
+2.9%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 2BR | $3,200/mo | $3.76 | 3.0% | 16 |
| 3BR | $4,100/mo | $2.65 | 2.1% | 92 |
Recent transactions URA, latest 10
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| Jun 2026 | $2,000,000 | 1,302 | $1,536 | 06-10 |
| Apr 2026 | $1,880,000 | 1,281 | $1,468 | 06-10 |
| Jun 2025 | $1,920,888 | 1,302 | $1,475 | 06-10 |
| Apr 2025 | $1,880,000 | 1,302 | $1,443 | 01-05 |
| Jun 2023 | $1,880,000 | 1,302 | $1,443 | 06-10 |
| Apr 2023 | $1,850,000 | 1,302 | $1,420 | 01-05 |
| Sept 2022 | $1,650,000 | 1,281 | $1,288 | 01-05 |
| Jul 2022 | $1,180,000 | 861 | $1,370 | 06-10 |
| Jun 2022 | $1,628,000 | 1,281 | $1,271 | 06-10 |
| May 2022 | $1,670,000 | 1,302 | $1,282 | 06-10 |
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More in District 12
The HDB blocks next door
The entry point, measured: what the resale flats around Ritz Mansions actually sell for - this project trades at 3.0× the nearest block’s PSF.