District 09 · Novena · CCR
The Atelier
Makeway Avenue · Apartment · Freehold
Current PSF
$2,788
+21.1% vs district median
Gross yield
3.1%
median rent $4,000/mo
3-year gain
1.5%
Transactions · 5y
121
4 in last 12 months
Nearest MRT
Newton Mrt Station · 389.197m
DTL,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
100.0%
flip ratio, last 24 months
Price spread
8%
PSF dispersion within project
The neighbourhood
P1 ring
Anglo-Chinese School (Junior) 390m · Phase 2C 1.6× balloted · St. Joseph'S Institution Junior 715m · Phase 2C 1.5× balloted · Anglo-Chinese School (Primary) 901m · Phase 2C 1.5× balloted - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Food
Newton Food Centre · 242m
Green
Hooper Rd Pg · 181m - 5 parks within 1km
Mall
Goldhill Shopping Centre · 676m
Health
Kk Women'S And Children'S Hospital (hospital) · 641m
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%
Master Plan 2025339m from Newton - ~5,000 new homes announced
Price trend average PSF by year
2021
$2,659
2022
$2,645
-0.5%
2023
$2,689
+1.7%
2025
$2,966
+10.3%
2026
$2,729
-8%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 1BR | $3,900/mo | $7.09 | 3.1% | 19 |
| 2BR | $5,900/mo | $6.94 | 3.0% | 11 |
| 3BR | $8,000/mo | $6.40 | 2.8% | 4 |
Recent transactions URA, latest 10
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| May 2026 | $3,825,000 | 1,281 | $2,986 | 11-15 |
| Mar 2026 | $2,450,000 | 915 | $2,678 | 06-10 |
| Feb 2026 | $2,200,000 | 872 | $2,523 | 06-10 |
| Dec 2025 | $3,480,000 | 1,173 | $2,966 | 11-15 |
| Aug 2023 | $1,498,000 | 549 | $2,729 | 21-25 |
| Jul 2023 | $3,341,520 | 1,281 | $2,609 | 06-10 |
| Jul 2023 | $1,538,000 | 549 | $2,802 | 16-20 |
| Jul 2023 | $1,528,000 | 549 | $2,783 | 21-25 |
| Jul 2023 | $1,508,000 | 549 | $2,747 | 21-25 |
| Jul 2023 | $1,490,580 | 549 | $2,715 | 11-15 |
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