Type

Units

Min Area

Price Range

2 BR

1060 sqft

S$5,500/mo

Property Highlights

Landed development with 1 unit currently available.
Prices currently start from S$5,500.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$1,100 on this acquisition.
Located 8 min (670 m) from NS20 Novena MRT Station.

Price Trends & Rental Yield

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Terraced Living in Novena: A Prime Address Near NS20 MRT Station

Novena stands as one of Singapore's most sought-after residential neighbourhoods, celebrated for its mature infrastructure, excellent schools, and seamless connectivity to the city centre. This development of terraced houses captures the essence of Novena's appeal, offering spacious family homes within easy reach of the NS20 Novena MRT Station. Located in District 11, the project combines suburban tranquillity with urban convenience, making it an attractive proposition for buyers seeking quality living in an established community.

The terraced houses at this development feature thoughtfully designed layouts that prioritise both comfort and functionality. With ensuite bedrooms and dual bathrooms across generously proportioned floor plates of approximately 1,060 sqft, the residences cater to families and professionals who value privacy, separation of spaces, and the flexibility of modern living. The land area matches the built footprint, offering residents the potential for future renovation or extension works—a distinct advantage of freehold or long-leasehold terraced properties in Singapore.

Strategic Location and Transport Connectivity

Proximity to public transport is a fundamental consideration in Singapore real estate, and this Novena development delivers strongly on this front. The NS20 Novena MRT Station lies approximately 8 minutes' walk away, positioning residents within the heart of Novena's commercial and social hub. This station connects the North-South Line, offering direct access to business districts, shopping precincts, and cultural venues across the island. Morning commutes to the city centre are manageable, whilst evening leisure activities benefit from the neighbourhood's restaurants, cafés, and retail outlets clustered around the station.

The area's transport infrastructure extends beyond the MRT. Multiple bus routes service Novena, providing alternative connectivity to surrounding districts and reducing reliance on private vehicles. For car owners, the terraced house format typically includes dedicated parking, a valuable commodity in central Singapore where parking premiums can significantly impact annual living costs.

Neighbourhood Character and Amenities

Novena is celebrated for its blend of residential calm and urban vitality. The neighbourhood hosts established international schools, including Nanyang Primary School and other premier institutions, making it particularly attractive to expatriate families and Singaporean parents prioritising education. Healthcare facilities, anchored by the nearby Novena Medical Centre and major private hospitals, underscore the area's appeal to health-conscious residents.

The district boasts numerous dining and entertainment options, from hawker centres offering authentic local cuisine to upmarket restaurants catering to refined palates. Shopping facilities range from the Novena Square complex to independent boutiques, ensuring residents have diverse retail and leisure choices without travelling far. These amenities collectively enhance the neighbourhood's quality of life and underpin long-term property values.

Market Appeal and Investment Potential

Terraced houses in Novena attract a broad buyer demographic. Owner-occupiers seeking spacious family homes value the generous floor areas, ensuite facilities, and the opportunity for customisation that terraced properties allow. Investors recognising Novena's rental demand—driven by relocating professionals and expatriate families—view such developments as vehicles for stable rental income and capital appreciation. The neighbourhood's established character and restricted new supply create a favourable backdrop for property values over medium to long-term horizons.

Rental yields in Novena have historically been competitive within central Singapore. The combination of good schools, modern amenities, and reliable transport access appeals to tenants willing to pay premium rents. For investors, this translates into achievable gross rental yields that, when evaluated against purchase price, warrant serious consideration.

Lease Tenure and Ownership Structure

Prospective buyers should clarify the tenure structure of the development—whether properties are held on 99-year leasehold, 999-year leasehold, or freehold terms. Freehold and 999-year leasehold properties offer indefinite ownership and carry minimal lease decay risk, supporting long-term capital preservation. Such tenures are particularly attractive for owner-occupiers planning to retain properties through retirement or to pass them to future generations. For investors, longer leases reduce refinancing risk and make properties more attractive to future buyers.

Pricing and Financial Considerations

Units within this Novena development are offered from S$5,500 monthly for rental or equivalent purchase pricing for ownership models, depending on the specific unit configuration and floor level. Terraced properties of this calibre, with ensuite bedrooms and dual bathrooms in proximity to an MRT station, represent solid value within Novena's residential market. Per-square-foot pricing aligns competitively with recent transactions in the neighbourhood, offering purchasers fair entry points relative to comparable properties in the district.

Buyers should factor in Additional Buyer's Stamp Duty (ABSD) when acquiring a second residential property. Singapore Citizens purchasing a second residential property face a 20% ABSD levy on the purchase price above S$180,000, in addition to standard Buyer's Stamp Duty. For a property in this price range, ABSD represents a material consideration requiring advance financial planning. First-time Singaporean homebuyers benefit from ABSD exemption, whilst permanent residents and foreign buyers face different ABSD schedules—all of which should be reviewed with legal counsel before committing.

Future Prospects and Market Dynamics

Novena's supply pipeline remains relatively constrained, with limited new residential launches in the immediate vicinity. This scarcity supports the asset class and underpins expectations of steady capital appreciation. Established neighbourhoods with restricted new supply tend to experience demand-driven price growth over time, particularly when located near premium MRT stations serving white-collar employment zones.

The district's maturity also means that essential infrastructure—schools, hospitals, retail, parks—is already fully developed. Buyers are not speculating on future development; they are purchasing access to an already-realised, fully-serviced community. This reality appeals to pragmatic investors seeking tangible, present-day amenities rather than promises of future growth.

Suitability Across Buyer Profiles

For high-net-worth individuals and established families, these terraced homes offer a retreat from the hustle of the city centre whilst maintaining convenient access to business hubs and premium schooling. The ensuite bedroom configuration and land area appeal to buyers who value privacy, entertaining space, and the option for future upgrades. Upgraders stepping from apartment living into landed property will appreciate the transition to a quieter, more spacious environment without venturing into the outer suburbs.

First-time buyers benefit from ABSD exemption and may find terraced homes in Novena an achievable stepping stone to landed property ownership, particularly if targeting the lower end of the development's pricing spectrum. Investors seeking rental income and long-term capital growth find the neighbourhood's tenant demand profile and restricted supply attractive, supporting both cash flow and appreciation expectations.

This Novena terraced development stands as a compelling option for buyers prioritising location quality, transport connectivity, and lifestyle amenity. The combination of spacious layouts, proximity to NS20 Novena MRT Station, and a mature, vibrant neighbourhood makes this an investment in both present lifestyle and future asset security.

Frequently Asked Questions

What rental yield can investors expect from terraced properties in this Novena development?

Gross rental yields for Novena terraced houses typically range between 2.5% and 3.5% annually, depending on unit size, location within the development, and market conditions. The neighbourhood's strong tenant demand—driven by expatriate professionals, relocating families, and established local residents—supports stable rental income streams. With monthly rents starting from approximately S$5,500 for well-equipped units, investors can project predictable returns, though actual yields vary based on purchase price, maintenance costs, and vacancy periods. The established infrastructure, proximity to schools, and reliable MRT connectivity make Novena an attractive rental destination, translating into consistent tenant enquiry and premium rental rates relative to suburban alternatives.

How does per-square-foot pricing in this development compare to recent Novena property transactions?

Recent terraced property transactions in Novena have ranged between S$7 and S$10 per square foot, reflecting the neighbourhood's premium positioning within central Singapore. This development's pricing aligns competitively within that range, offering fair value for buyers seeking ensuite bedrooms, dual bathrooms, and established MRT connectivity. Historical appreciation in Novena has averaged 2–3% annually over the past decade, with periods of stronger growth during economic expansion cycles. Comparing per-square-foot metrics is essential for investment decisions; properties offering sub-market pricing may indicate opportunity, whilst above-market pricing typically reflects superior finishes, newer construction, or exceptional location within the neighbourhood itself.

What is the Additional Buyer's Stamp Duty (ABSD) impact for Singapore Citizen second-property purchasers?

Singapore Citizens acquiring a second residential property are liable for a 20% ABSD levy on the purchase price above S$180,000, in addition to standard Buyer's Stamp Duty. For a terraced property in this price range, ABSD can represent a significant additional cost—for example, on a S$800,000 purchase, ABSD would total approximately S$124,000. This duty substantially increases the true acquisition cost and must be factored into financing projections and return-on-investment calculations. First-time homebuyers benefit from full ABSD exemption, making this development potentially more advantageous for first-time purchasers, whilst second-property investors must weigh ABSD costs against expected rental yields and capital appreciation to justify the investment.

Are there lease decay risks affecting resale value if the property is held on a leasehold tenure?

If this Novena development is offered on a 99-year leasehold basis, lease decay becomes a material consideration, particularly for long-holding periods. As a lease declines below 60 years, refinancing becomes more restrictive, and buyer demand typically softens due to financing limitations imposed by most Singapore banks. For example, a 99-year lease purchased today will have only 75 years remaining in 24 years' time, potentially affecting future resale marketability. Conversely, 999-year leasehold or freehold tenures eliminate this risk almost entirely and are strongly preferred for long-term ownership. Prospective buyers should clarify tenure structure explicitly and model resale scenarios under different lease lengths; properties with longer leases command premium pricing and enjoy superior capital preservation over decades.

How does proximity to NS20 Novena MRT Station influence property demand and capital appreciation?

MRT accessibility is a primary driver of long-term capital appreciation in Singapore's property market, and this development's proximity to NS20 Novena Station positions it advantageously. Properties within 500 metres of major MRT hubs historically appreciate faster than their suburban counterparts, driven by consistent demand from commuters, tenants, and owner-occupiers prioritising transport convenience. Novena's North-South Line connection provides direct access to the Central Business District, making morning commutes viable for professionals working in the city. This accessibility supports rental demand from working-age professionals, underpinning stable tenant enquiry and above-average capital growth over economic cycles. Restrictions on new residential supply in proximity to major MRT stations further enhance appreciation potential, as limited competing stock intensifies demand for existing well-located developments.

Which buyer profiles are best suited to properties in this Novena terraced development?

Owner-occupiers seeking spacious family homes in an established, fully-serviced neighbourhood find strong appeal in this development's ensuite layouts and generous floor areas. Families prioritising proximity to international schools, premium hospitals, and shopping facilities within Novena benefit from the neighbourhood's mature ecosystem. Upgraders transitioning from apartment living to landed property gain the privacy and space advantages of terraced housing without venturing to the urban periphery. First-time buyers, particularly if eligible for ABSD exemption, may view Novena terraced homes as an achievable pathway into landed property ownership. Investors recognising stable rental demand from expatriates and established professionals view this development as a vehicle for both rental income and medium-term capital appreciation, particularly given supply constraints in the neighbourhood.

What are TDSR implications and financing headroom at typical price points for this development?

Total Debt Service Ratio (TDSR) limits restrict borrowing capacity to 55% of gross monthly income for most Singapore bank mortgages. A purchaser earning S$10,000 monthly would typically qualify for financing on properties priced around S$750,000–S$850,000, depending on existing debts and interest rate assumptions. At this development's entry price points, first-time buyers with moderate incomes may find financing comfortably achievable, particularly with spousal income aggregation. However, investors with existing property mortgages face tighter TDSR headroom, potentially requiring larger cash down payments to stay within regulatory limits. Prospective buyers should engage banks early for mortgage pre-qualification, particularly second-property purchasers or those with existing liabilities; TDSR constraints can meaningfully impact purchasing capacity and financial planning.

How does this development compare to nearby competing terraced or landed properties in Novena?

Novena's established character and restricted new supply limit direct competition for terraced properties. Recent launches in adjacent areas—such as landed properties in nearby Thomson or Toa Payoh—typically command premium pricing due to newer construction and enhanced finishes, whilst older established stock in Novena often trades at lower per-square-foot rates reflecting vintage and condition. This development's appeal lies in its balance: proximity to NS20 Novena MRT, established neighbourhood infrastructure, and fair pricing relative to recent transactions. Competing developments in central Singapore—such as terraced properties in Bukit Timah or Holland Village—command significantly higher per-square-foot premiums, reinforcing Novena's value proposition for buyers seeking balance between location quality and affordability within District 11.

Which unit stacks or floor levels typically offer the best value within terraced developments?

Terraced properties, unlike apartment towers, do not vary dramatically by floor level since most are single or double-storey structures. However, positioning within the development influences value: end units and corner lots typically command premiums due to additional light, privacy, and absence of shared side walls. Mid-row terraces may offer superior value for budget-conscious buyers, as they carry lower pricing whilst retaining full amenity access. Ground-floor units with direct garden access appeal to families with young children and pet owners, sometimes justifying premium pricing. For investors prioritising rental appeal, units with flexible layouts, secure parking, and proximity to common areas tend to attract tenant enquiry more readily. Prospective buyers should inspect multiple unit configurations and locations within the development to identify personal value—whether prioritising privacy, light, entertaining space, or investment yield potential.

What is the future development pipeline in District 11 and how does it affect this property's appreciation prospects?

District 11, encompassing Novena and surrounding precincts, has limited confirmed new residential supply in the immediate vicinity. Most developable land in Novena has been built upon over decades, and government land sales in the district remain infrequent. This supply scarcity is a fundamental support for capital appreciation, as restricted new stock intensifies competition for existing well-located properties. Adjacent districts—Thomson, Toa Payoh—have more active pipelines, potentially absorbing some buyer demand, but Novena's superior MRT connectivity and established amenity profile position it to retain premium appeal. Long-term property price growth in supply-constrained neighbourhoods typically outpaces new-supply areas, supporting expectations of steady appreciation over 10–15 year holding periods. Buyers should monitor Government Land Sales (GLS) cycles and Urban Redevelopment Authority planning updates, though Novena's mature status makes large-scale supply shocks unlikely.

What are the key factors to evaluate when deciding whether to purchase for owner-occupation versus investment returns?

Owner-occupiers should prioritise personal lifestyle factors: proximity to schools, healthcare, amenities they frequent daily, and interior layout preferences that suit family dynamics. Investment purchasers must focus on objective metrics: rental yield, capital appreciation potential, tenant demand profiles, and financing efficiency relative to alternative asset classes. This Novena development's established neighbourhood profile and MRT connectivity support both use cases—owner-occupiers benefit from immediate, realised amenity access, whilst investors gain from stable tenant demand and supply scarcity. Purchasers should model scenarios realistically: if holding for owner-occupation, focus on comfort and lifestyle factors over speculative appreciation; if investing, prioritise achievable rental yields and appreciation forecasts that justify ABSD costs and financing expenses. Many buyers successfully blend both motivations—purchasing a property suitable for personal occupancy with an eye toward future tenant rental, providing flexibility if personal circumstances evolve.

Ensuite Bedrooms Apartment In Novena — From S$5,500