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IKIGAI

District 11 · SHREWSBURY ROAD

Overview

IKIGAI is a freehold condominium in District 11, Singapore, completed in 2025 with 16 units. The average transacted price is $2,231/sqft based on 16 recorded transactions. Nearby MRT: NOVENA MRT STATION, FARRER PARK MRT STATION.

Price Trends

Price Data (SGD)
Developer:Opulent Development Pte Ltd

IKIGAI

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Property Summary

Location
38 Shrewsbury Road, District 11
Tenure
Freehold
Units
16
Completion
2025 (TOP expected May 2026)
Developer
Opulent Development Pte. Ltd.
Floors/Blocks
1 block (low-rise)
Site Area
1,028.1 sqm / 11,065.44 sqft
Information is subject to change and should be verified independently.
Available in multiple languages

Nearby Transport

  • NOVENA MRT STATION
    Exit A0.61 km • 7 min walk
  • FARRER PARK MRT STATION
    Exit D1.08 km • 13 min walk

Nearby Transport

Nearby Transport

  • NOVENA MRT STATION
    Exit A0.61 km • 7 min walk
  • FARRER PARK MRT STATION
    Exit D1.08 km • 13 min walk

Nearby Schools

Nearby Schools

  • ST. JOSEPH'S INSTITUTION JUNIOR
    PRIMARY0.20 km away
  • FARRER PARK PRIMARY SCHOOL
    PRIMARY0.72 km away
  • NORTHLIGHT SCHOOL
    SECONDARY0.94 km away
  • ANGLO-CHINESE SCHOOL (JUNIOR)
    PRIMARY1.19 km away
  • HONG WEN SCHOOL
    PRIMARY1.21 km away

Nearby Supermarkets

Nearby Supermarkets

  • FAIRPRICE
    0.54 km away•NTUC FAIRPRICE CO-OPERATIVE LTD
  • COLD STORAGE
    0.63 km away•COLD STORAGE SINGAPORE (1983) PTE LTD
  • Sol Mart
    0.69 km away•SOL MART PTE. LTD.
  • DON DON DONKI
    0.69 km away•PAN PACIFIC RETAIL MANAGEMENT (SINGAPORE) PTE. LTD.
  • Mmmm!
    0.69 km away•WATER TIGER TRADING PTE. LTD.

Property Analysis

IKIGAI is a freehold apartment development located in District 11, serving the Newton and Novena residential areas. The project features a median transaction price of $2,389,954 with price per square foot (PSF) values ranging from $1,972 to $2,333.

AI-generated analysis based on available market data. Last updated 28 March 2026. This content is for informational purposes only and should not be considered financial advice.

Financial Breakdown

Estimated costs based on median transaction price

Median Price
$2,240,000
Buyer's Stamp Duty
$89,098
Down Payment (25%)
$597,488
Est. Monthly Payment
$8,974/mo
25-year loan at 3.5%

Eligibility Check

Estimate stamp duty based on your buyer profile

ABSD Rate
0%
ABSD Amount
$0
BSD Amount
$89,098
Total Stamp Duty
$89,098
Estimated Monthly Payment
$8,974/mo

Neighbourhood Amenities

Transport

2
  • NOVENA MRT STATION
  • FARRER PARK MRT STATION

Education

11
  • ST. JOSEPH'S INSTITUTION JUNIOR
  • FARRER PARK PRIMARY SCHOOL
  • NORTHLIGHT SCHOOL
  • +8 more nearby

Convenience

10
  • FAIRPRICE
  • COLD STORAGE
  • Sol Mart
  • +7 more nearby

Rental Yield

Insufficient data to calculate rental yield. Sale or rental transaction data is not yet available for this property.

Recent Transactions

(16 of 16)
DateProject NameAddressSize (sqm)PricePSFFloorTypeSegmentDistrictTenure
2026-01IKIGAISHREWSBURY ROAD178 sqm (1916 sqft)$3,800,000$1983/sqft01-05ApartmentCCR11Freehold
2025-11IKIGAISHREWSBURY ROAD139 sqm (1496 sqft)$2,950,000$1972/sqft01-05ApartmentCCR11Freehold
2024-06IKIGAISHREWSBURY ROAD146 sqm (1572 sqft)$3,635,800$2314/sqft01-05ApartmentCCR11Freehold
2024-02IKIGAISHREWSBURY ROAD101 sqm (1087 sqft)$2,520,000$2318/sqft01-05ApartmentCCR11Freehold
2024-02IKIGAISHREWSBURY ROAD101 sqm (1087 sqft)$2,530,000$2327/sqft01-05ApartmentCCR11Freehold
2023-10IKIGAISHREWSBURY ROAD90 sqm (969 sqft)$2,200,000$2271/sqft01-05ApartmentCCR11Freehold
2023-06IKIGAISHREWSBURY ROAD90 sqm (969 sqft)$2,240,000$2312/sqft01-05ApartmentCCR11Freehold
2023-05IKIGAISHREWSBURY ROAD59 sqm (635 sqft)$1,480,000$2330/sqft01-05ApartmentCCR11Freehold
2023-04IKIGAISHREWSBURY ROAD90 sqm (969 sqft)$2,259,907$2333/sqft01-05ApartmentCCR11Freehold
2023-03IKIGAISHREWSBURY ROAD56 sqm (603 sqft)$1,352,800$2244/sqft01-05ApartmentCCR11Freehold
2023-02IKIGAISHREWSBURY ROAD59 sqm (635 sqft)$1,421,200$2238/sqft01-05ApartmentCCR11Freehold
2022-11IKIGAISHREWSBURY ROAD59 sqm (635 sqft)$1,445,760$2277/sqft01-05ApartmentCCR11Freehold
2022-10IKIGAISHREWSBURY ROAD101 sqm (1087 sqft)$2,480,000$2281/sqft01-05ApartmentCCR11Freehold
2022-07IKIGAISHREWSBURY ROAD59 sqm (635 sqft)$1,391,750$2191/sqft01-05ApartmentCCR11Freehold
2022-04IKIGAISHREWSBURY ROAD56 sqm (603 sqft)$1,315,000$2182/sqft01-05ApartmentCCR11Freehold
2022-04IKIGAISHREWSBURY ROAD56 sqm (603 sqft)$1,280,000$2124/sqft01-05ApartmentCCR11Freehold

Market Statistics

Frequently Asked Questions

What is the tenure and district of IKIGAI?

IKIGAI is a freehold apartment situated in District 11. This district encompasses the Newton and Novena planning areas in Singapore.

What are the median price and PSF for units in this project?

The median price for units at IKIGAI is $2,389,954. The median price per square foot (PSF) is recorded at $2,273.751 based on available transaction data.

What is the range of unit sizes transacted at IKIGAI?

Recorded transactions show unit sizes ranging from 1,087 sqft to 1,916 sqft. A 1,087 sqft unit was sold for $2,520,000 in February 2024, while a 1,916 sqft unit was sold for $3,800,000 in January 2026.

How many transactions have been recorded for this development?

There have been a total of 16 transactions recorded for IKIGAI. These transactions reflect a PSF range between $1,972 and $2,333.

What was the most recent high-value transaction recorded?

The most recent high-value transaction occurred on 1 January 2026, where a 1,916 sqft unit was sold for $3,800,000. This transaction represents a price of $1,983 per square foot.

How do PSF prices vary between different unit sizes in IKIGAI?

Smaller units of 1,087 sqft have transacted at higher PSF rates of $2,318 to $2,327. In contrast, the largest recorded unit of 1,916 sqft transacted at a lower PSF of $1,983, while a mid-sized 1,496 sqft unit transacted at $1,972 PSF.

Related Articles

Guides and analysis about IKIGAI

Ikigai Tenant Guide: Lease & Move-In Tips | Homejourney
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Discover Ikigai for rent in District 11: luxury Singapore condo rentals on Shrewsbury Road, Newton-Novena. View available units, prices & lifestyle on Homejourney.[1][3]

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Downtrend-14.6% over period
2 years change:-14.6% ($2323 → $1983)
Median PSF:$2314/sqft