Residences @ Novena Price Trends & Market Analysis | Homejourney
Residences @ Novena on Jalan Novena in District 11 has seen steady price appreciation, with recent transactions reaching $1,845 psf in late 2025 for a 201.4 sqm unit sold at $4,000,000.
Homejourney verifies all transaction data to ensure transparency, helping buyers and investors make safe, informed decisions in the competitive Novena market.
Project Overview: Residences @ Novena Basics
Located at 10 Jalan Novena, this exclusive 99-year leasehold development (commencing 2000, approximately 73 years remaining) was completed in 2004 by Group-Land Development Pte Ltd.
With just 11 units in a single 6-storey block, Residences @ Novena offers rare privacy in Newton/Novena (D11), classified as Core Central Region (CCR).
Semi-detached style units range from 200-250 sqm, appealing to affluent buyers seeking low-density luxury near Novena MRT.
This cluster focuses on Residences @ Novena price trends and market analysis, building on our main pillar guide: View comprehensive analysis of Residences @ Novena.
Historical Price Trends at Residences @ Novena
Transaction data shows consistent growth in condo prices at Residences @ Novena. Key recent sales include:
- Dec 2025: 201.4 sqm (2,168 sqft) at $4,000,000 ($1,845 psf)
- Jan 2024: 236.9 sqm (2,550 sqft) at $4,250,000 ($1,667 psf)
- Nov 2021: 229.8 sqm (2,474 sqft) at $3,830,000 ($1,548 psf)
PSF has risen from around $1,500 in 2021 to over $1,800 in 2025, reflecting D11's strong demand.
Earlier sales (2004-2017) ranged from $600-$1,200 psf, indicating over 50% appreciation in two decades.
*Data verified from official URA records via Homejourney. Prices subject to market fluctuations; always confirm latest via Browse available units at Residences @ Novena.*
Current Market Analysis: PSF and Value Assessment
In 2026, expect Residences @ Novena prices to hover at $1,700-$1,900 psf for resale units, driven by Novena's medical hub status and proximity to Orchard (one MRT stop).
Compared to nearby D11 condos like Novena Regency (average $1,700-$1,900 psf recently), it offers premium value due to its low unit count and semi-detached layout.
District 11 CCR premiums persist, with URA data showing 5-7% y-o-y growth in 2025 amid cooling measures.
Homejourney's analysis positions it as a solid hold for long-term appreciation in this Jalan Novena, Singapore condo hotspot.
Price Comparison Table: Residences @ Novena vs. Nearby
| Project | Recent PSF (2024-2025) | Unit Size (sqm) | Tenure |
|---|---|---|---|
| Residences @ Novena | $1,667-$1,845 | 200-237 | 99-yr (73 yrs left) |
| Novena Regency | $1,700-$1,935 | 60-157 | 99-yr |
Residences @ Novena commands a slight premium for exclusivity. For full D11 comparisons, see our pillar: Residences @ Novena D11: Units, Prices, Amenities & Investment Guide | Homejourn... .
Rental Yield and Investment Potential
Rental yields in Novena D11 average 3-3.5% for CCR condos, with Residences @ Novena units potentially fetching $10,000-$15,000 monthly for 200+ sqm spaces, yielding ~3.2% at current prices.
High demand from expats near Tan Tock Seng Hospital and Novena Medical Centre supports steady tenancy.
Future upside from PIE/CTE access and upcoming Novena enhancements (per URA plans) boosts capital growth outlook to 4-6% annually.
Insider tip: Low-density sites like this rarely resell quickly—perfect for patient investors. Use Homejourney's mortgage calculator to assess affordability.
Factors Driving Residences @ Novena Price Trends
Location perks include 5-min walk to Novena MRT (Exit A), Velocity@Novena Square, and Square 2 mall.
D11's schools (St. Joseph's Primary, Catholic High) and healthcare draw families; expressways (CTE 2-min drive) ease CBD commutes (10-15 mins).
Market headwinds: ABSD hikes and high CCR stamp duties temper short-term flips, favoring genuine owner-occupiers.
Homejourney prioritizes verified data—check detailed project analysis for floor plans and facilities like pool, gym, and 24-hr security.
Pros, Cons, and Buyer Profile
Pros: Ultra-exclusive (11 units), prime Jalan Novena spot, strong appreciation history, expat-friendly amenities.
Cons: Limited units mean low liquidity; lease decay (73 years left); higher maintenance for older build (2004 TOP).
Best for high-net-worth families or investors eyeing Newton/Novena property investment with 10+ year horizon.
Actionable step: Speak to verified agents via Contact an agent about Residences @ Novena.
Practical Tips for Buyers and Investors
- Review URA transaction search for latest psf benchmarks.
- Factor in 20-30% downpayment for CCR financing; use Calculate your monthly payments.
- Inspect for maintenance—post-purchase, consider Aircon Services for upkeep.
- Compare via Homejourney's Projects Directory for D11 insights.
- Monitor cooling measures; Homejourney alerts keep you ahead safely.
Disclaimer: Prices are historical; consult professionals for personalized advice. Homejourney verifies info for your trust.
FAQ: Residences @ Novena Price Trends
What is the current PSF for Residences @ Novena?
Recent 2025 sales hit $1,845 psf; expect $1,700-$1,900 psf in 2026 market.
Has Residences @ Novena appreciated over time?
Yes, from ~$1,500 psf (2021) to $1,845 psf (2025), ~20% gain.
Is it a good investment in D11 Novena?
Strong for long-term holds with 3.2% yields and growth potential near MRT/medical hub.
How does it compare to other Jalan Novena condos?
Premium pricing but superior exclusivity vs. larger developments.
Where to find verified listings?
Search safely on Homejourney: Browse Residences @ Novena units.
Ready to explore Residences @ Novena price trends and market analysis? Start with Homejourney's trusted tools for secure property decisions. Link back to our pillar for full D11 guide.