Type

Units

Min Area

Price Range

4+ BR

6062 sqft

From S$7.8XM

Property Highlights

Brand new luxury terraced house with 5 bedrooms, 5 bathrooms spanning 6,062 sqft across 4 levels with integrated lift
Marble flooring and soaring ceilings throughout generously proportioned living and dining spaces
Walking distance to Novena MRT Station (NS20), approximately 1.25 km or 15 minutes on foot
Prestigious residential pocket commanding premium pricing at S$7.88 million freehold or near-freehold tenure
Architecturally designed for both luxury living and investment appeal with contemporary finishes

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Ref: 500050269

Luxury Redefined: A Brand New Terraced Masterpiece in Novena

This exceptional terraced residence represents contemporary luxury living at its finest, situated in one of Singapore's most coveted residential enclaves. Newly completed and impeccably finished, the property showcases architectural sophistication across a generous 6,062 square feet of internal floor space, positioned on a substantial 1,751 square feet landplot. The asking price of S$7,880,000 reflects the calibre of finishes, scale, and location commanding this prime Novena pocket.

Spatial Design Across Four Levels

The vertical layout spans four distinct levels, each thoughtfully configured to maximise usable living space whilst maintaining elegant proportions. An integrated lift service ensures effortless vertical circulation, eliminating the need to negotiate stairs whilst carrying groceries, luggage, or entertaining guests—a hallmark of premium residential design. The five-bedroom, five-bathroom configuration caters to growing families, multi-generational living scenarios, and those who prioritise guest accommodation and home office space.

Statement Living and Dining Spaces

The heart of this residence consists of generously proportioned living and dining zones characterised by soaring ceilings that flood the interior with natural light and create an immediate sense of airiness. Premium marble flooring throughout these key entertainment areas establishes a visual language of elegance and durability, capable of withstanding the rigours of high-traffic family life whilst maintaining showroom-quality aesthetics for years to come. The height and scale of these spaces position them as natural focal points for both intimate family gatherings and formal entertaining, where internal flow between cooking, dining, and living seamlessly accommodates various occasions.

Novena Location and MRT Accessibility

The property's proximity to Novena MRT Station (NS20) on the North-South Line represents a significant advantage for both resident convenience and long-term capital appreciation. Located approximately 1.25 kilometres from the station—roughly a 15-minute walk—the address benefits from excellent public transport connectivity without the noise and congestion of immediate stationside living. Novena itself has evolved into a mature, mixed-use district combining residential tranquility with amenities including the Novena Square shopping complex, medical facilities, dining establishments, and office spaces, creating a self-sufficient community hub.

Investment Credentials and Market Position

At the S$7.88 million price point, this terraced house positions itself squarely in Singapore's luxury residential market, targeting high-net-worth buyers, successful entrepreneurs, and discerning upgraders seeking substantial space with contemporary architectural merit. The brand-new condition eliminates maintenance concerns and renovation uncertainty, allowing immediate occupancy or deployment as a premium rental asset. Terraced houses in prime Central Region locations continue to command strong demand from both owner-occupiers and portfolio investors, particularly when finished to this calibre and situated within walking distance of major transport nodes.

Architectural and Finishing Quality

The integration of a residential lift, marble flooring, and high-ceiling design elements signals meticulous attention to construction standards and finish quality. These are not cosmetic flourishes but rather investments in long-term durability, ease of living, and resale appeal. Prospective purchasers can expect robust construction compliance with Singapore Building and Construction Authority standards, comprehensive warranties, and finishes selected for both aesthetic appeal and practical longevity.

Comparing Terraced Living in Novena

Terraced houses within the Novena precinct represent a relatively scarce residential typology, particularly when newly constructed and finished to luxury standards. Unlike apartment-based developments, terraced properties offer land ownership, full autonomy over external appearance, private garaging arrangements, and the psychological benefit of a standalone structure. This rarity, combined with proximity to quality amenities and transport, traditionally supports stronger capital value retention and appreciation compared to ageing terraced stock elsewhere in the Central Region.

Five-Bedroom Flexibility

The five-bedroom configuration offers remarkable flexibility across various occupancy scenarios. Established families with multiple children, multigenerational households, or owner-occupiers requiring dedicated home offices, guest suites, and hobby rooms will find the spatial organisation meets diverse lifestyle needs. For investment-focused purchasers, five bedrooms can be strategically marketed to expatriate families or corporate relocation packages, where premium rental yields correlate directly with bedroom count and proximity to employment hubs.

The Five-Bathroom Advantage

Five en-suite bathrooms distributed across four levels represents a significant convenience factor, particularly for households with teenagers, working professionals, or frequent guests. Modern master bath facilities, plus additional bathrooms servicing secondary bedrooms, minimise morning queuing and frustration—practical considerations that prospective purchasers rarely overlook during viewings. This ratio of bathrooms to bedrooms positions the property competitively within the luxury terraced segment.

Capital Appreciation Outlook

Novena's demographic profile, comprising a mix of young professionals, established families, and mature residents, suggests sustained residential demand. The maturity of the neighbourhood, with established infrastructure and amenities, typically supports gradual capital appreciation without the speculative volatility of emerging precincts. Combined with scarcity value of newly constructed terraced houses and the tangible asset of freehold or near-freehold land ownership, the property presents a defensible long-term value proposition.

Frequently Asked Questions

What is the estimated rental yield if this property is purchased as an investment?

At the S$7.88 million purchase price, rental yield depends on achievable monthly rental in the Novena terraced segment, typically ranging from S$12,000 to S$15,000 for a five-bedroom luxury terraced house, translating to approximately 1.8–2.3 percent gross annual yield. Net yield, after accounting for property tax, insurance, maintenance, and agent commissions, would typically fall between 1.2–1.8 percent for a buy-to-let investor. However, the investment thesis here emphasises capital appreciation and scarcity value rather than yield-driven returns, as terraced houses in prime Central locations have historically appreciated at 2–3 percent annually over 10-year holding periods, supplemented by rental income providing partial offset to carrying costs.

How does the S$7.88M price compare to recent price-per-square-foot transactions in Novena?

At S$7.88 million for 6,062 square feet of internal space, this property prices at approximately S$1,300 per square foot, placing it in the upper echelon of Central Region terraced housing where recent transactions have ranged from S$1,100–S$1,450 psf depending on condition, exact location, and land ratio. Newly constructed terraced houses with premium finishes, integrated lifts, and marble flooring typically command the higher end of this band, whilst older terraced stock or those requiring renovation trade at lower multiples. The S$1,300 psf metric suggests fair market valuation relative to comparable new luxury terraced inventory in Bukit Timah, Holland Road, and adjoining Novena microlocation, though prospective buyers should request recent comparable transaction evidence from their conveyancing team.

What are the Additional Buyer's Stamp Duty implications for a second-property purchaser?

Second-property buyers acquiring this S$7.88 million terraced house will incur Additional Buyer's Stamp Duty (ABSD) at the rate of 15 percent on the purchase price, totalling approximately S$1,182,000 in ABSD liability alone. This represents a significant cash requirement above the primary purchase price and should be factored into total acquisition costs during financing and cash-flow planning. ABSD is payable within 14 days of the Option to Purchase exercise and cannot be funded through mortgage financing, requiring either cash reserves, divestment of existing property, or bridging finance arrangements—considerations that material impact buyer affordability and overall deal economics for investors or upgraders already holding residential property.

Is there any lease decay risk, and how does this impact long-term resale value?

Assuming this newly constructed property carries either freehold title or 999-year leasehold (common for new developments in Singapore), lease decay poses minimal risk within any reasonable investment or owner-occupancy timeframe of 20–30 years. If, however, the tenure is a shorter lease (99 or 199 years), prospective purchasers should confirm remaining lease length and understand that leases below 80 years typically trigger valuation discounts and financing restrictions from major lenders. Lease decay becomes materially relevant only when remaining tenure drops below 60 years; at that threshold, property values historically compress by 15–25 percent, and many institutional buyers begin exiting, narrowing the buyer pool significantly. Conducting title due diligence and obtaining explicit confirmation of tenure from the selling agent is non-negotiable before committing to this price level.

How does proximity to Novena MRT Station affect demand and long-term capital appreciation?

Proximity to Novena MRT (NS20) on the North-South Line—approximately 1.25 kilometres or a 15-minute walk—provides a meaningful competitive advantage for both occupier demand and capital appreciation. Properties within 500 metres of an MRT station typically command 10–15 percent valuation premiums relative to similarly sized housing 1–2 kilometres away, reflecting time-savings, reduced transport costs, and quality-of-life benefits that resonate across demographic cohorts. The North-South Line itself benefits from stable, predictable passenger volumes given its role as a key north-south arterial route serving residential, business, and institutional precincts, supporting sustained transport reliability and long-term utility. Over a 20-year holding period, MRT-proximate properties in mature Central Region precincts like Novena have demonstrated 3–4 percent annualised appreciation, outpacing more remote Central Region comparables by approximately 1 percent per annum, a meaningful differential when compounded over time.

Is this property suitable for first-time homebuyers, upgraders, or investors?

First-time homebuyers should generally avoid this S$7.88 million property unless they possess exceptionally strong financial capacity and clear long-term certainty regarding Singaporean residency and family plans; entry-level first-time buyers typically target S$1–S$3 million condominiums or landed properties. Upgraders—individuals selling existing HDB flats, older landed properties, or modest condominiums to graduate into larger family homes—represent a natural fit if they can execute sales of current holdings to release equity and secure mortgage financing. High-net-worth investors with existing property portfolios seeking capital appreciation, rental diversification, or land banking opportunities constitute the core target cohort, particularly those prioritising tangible asset ownership and long-term inflation hedging over annual yield returns. The property's size, cost, and maintenance profile suit affluent owner-occupiers seeking contemporary luxury living rather than first-time purchasers establishing residential stability.

What is the TDSR headroom available to prospective buyers at this S$7.88M price point?

Total Debt Service Ratio (TDSR) constraints limit borrowers to a maximum 60 percent of gross monthly income dedicated to all debt servicing, including mortgage, car loans, personal loans, and credit card balances. At the S$7.88 million price point with 70–80 percent loan-to-value financing (typical for foreign buyers and standard residential mortgages), monthly mortgage payments would approximate S$25,000–S$28,000 at current interest rates of 3.5–4.0 percent. Achieving TDSR compliance requires monthly gross household income of approximately S$45,000–S$50,000, translating to annual gross income of S$540,000–S$600,000, placing potential buyers solidly within the top 10 percent of Singapore's income distribution. Buyers whose debt service obligations already consume 40–50 percent of gross income will face meaningful TDSR headroom constraints, necessitating either asset-rich/cash-rich acquisition strategies (minimal leverage) or partnership arrangements with co-purchasers to achieve income pooling and regulatory compliance.

How does this property compare to nearby competing terraced developments?

Terraced house inventory in immediate Novena vicinity remains limited compared to adjacent precincts like Bukit Timah, Holland Road, and Newton, where a larger pool of newly completed and resale stock attracts competitive buyer interest. Comparable new luxury terraced houses in Bukit Timah have traded in the S$7–S$9 million range with similar square footage, whilst Holland Road terraced stock of equivalent quality typically realises S$8–S$11 million, reflecting established premium positioning and historical appreciation trajectories. Within Novena specifically, this property faces reduced direct competition given scarcity of newly constructed terraced inventory, potentially working to the seller's advantage; however, prospective buyers should research sales activity of comparable terraced houses completed within the past 12–24 months to benchmark this asking price against recent evidence. Negotiation leverage typically favours buyers when comparable inventory exists nearby; conversely, high scarcity can support asking prices but may require longer marketing periods to locate serious purchasers.

Which floor levels or unit stacks offer the best value proposition within this property?

Terraced houses do not employ traditional apartment-style unit stacking; however, within this four-level structure, the ground and first floors typically command premium positioning for living, dining, and entertainment functions, benefiting from natural light, ease of access for guests, and direct garden or outdoor terrace connectivity. Upper floors, particularly the second and third levels, optimally serve master bedroom suites and family sleeping areas, offering privacy, afternoon light, and potential views over adjacent gardens or neighbourhood vistas. The lift service ensures all levels maintain equal accessibility convenience, mitigating traditional disadvantages of upper-floor living in terraced houses, which historically required stair negotiation. From a value perspective, properties offering generous ground-floor entertaining space combined with private upper-floor bedrooms and integrated lift access command maximum market appeal and resale demand; prospective purchasers should conduct site viewings at varying times of day to assess natural light exposure, sight lines, and the practical flow of daily living across all four levels.

What is the future supply pipeline for residential developments in the Novena district?

Novena is a mature, largely built-out residential and mixed-use district with limited remaining pockets of significant redevelopment or new supply potential, suggesting constrained housing inventory growth in the medium term (5–10 years). The Urban Redevelopment Authority's master plan emphasises consolidation and intensification of existing mixed-use precincts rather than greenfield residential expansion; consequently, meaningful new terraced housing supply in Novena is unlikely, supporting scarcity-driven value retention for existing terraced stock. Nearby precincts like Bukit Timah and surrounding Newton have benefited from Government Land Sales (GLS) initiatives for residential and mixed-use development, but Novena proper remains predominantly privately held with constrained released land availability. This supply-side constraint, combined with sustained demographic demand from professionals, families, and downsizers targeting Central Region neighbourhoods, provides structural support for residential property values and reduces risk of oversupply-driven market compression, a favourable backdrop for long-term capital value preservation.

Luxury 5-bed Terraced House, Novena – S$7.88M | PropSG