Square Foot Research Singapore

Check out more Transaction Price, Rents, Trends and Analysis Data for CHELSEA GROVE on EdgeProp Singapore.
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Project Information

Project Name


Street Name

Martaban Road

Property Type




District / Planning Area

D12 / Novena



Number of units

23 units

Indicative price range / Average*

S$ 1,566 - S$ 1,566 psf / S$ 1,566 psf

Indicative rental range / Average*

S$ 2.56 - S$ 4.21 psf pm / S$ 3.54 psf pm

Implied rental yield


Historical high

S$ 1,566 psf in Jul 2023 for a 958-sqft unit

Indicative average price from historical high


Historical low

S$ 261 psf in Jan 2006 for a 3,444-sqft unit

Buyer profile by status#

Singaporean 62.0%, PR 15.5%, Foreigner 18.3%, Company 4.2%

Buyer profile by purchaser address#

HDB 36.6%, Private 63.4%

Note: *Based on contracts in the last 6 months. #Based on all available caveats, it does not represent the breakdown of current owners.


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Transaction Prices, Rents, Trends and Analysis

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Nearby properties

Price Comparison (Up to 10)

Source: URA, https://www.squarefoot.com.sg

Rental Comparison (Up to 10)

Source: URA, https://www.squarefoot.com.sg

Price and rental comparisons (Up to 10)

Note: Excludes properties with no transactions in the past 6 months, except for Subject Property. *Prices and rentals are based on data in the past 6 months. If Subject Property does not have transactions during this period, data shown is from the 6-month period from last transaction date.
Source: https://www.squarefoot.com.sg
Marker Project Tenure Completion Distance
Lowest price*
(S$ psf)
Average price*
(S$ psf)
Highest price*
(S$ psf)
Lowest rental*
(S$ psf pm)
Average rental*
(S$ psf pm)
Highest rental*
(S$ psf pm)
Rental yield
CHELSEA GROVE Freehold 2007 - 1,566 1,566 1,566 2.56 2.56 2.56 2.0
MEDGE Freehold 2007 107 1,586 1,690 1,869 4.00 4.71 5.41 3.3
MONTEBLEU Freehold 2010 114 1,946 1,962 1,977 4.29 5.25 6.91 3.2
SHAW PLAZA - TWIN HEIGHTS Freehold 1999 129 1,555 1,555 1,555 1.96 3.29 3.79 2.5
MONARCHY APARTMENTS Freehold 1997 135 1,454 1,454 1,454 3.36 3.99 4.48 3.3
THE AXIS Freehold 2009 141 1,652 1,652 1,652 4.09 6.52 8.00 4.7
MANDALE HEIGHTS Freehold 2004 155 1,524 1,633 1,742 3.76 4.74 6.18 3.5
KIM KEAT LODGE Freehold 2000 156 1,469 1,469 1,469 - - - -
VICTORY HEIGHTS Freehold 1997 174 1,037 1,153 1,268 3.30 3.74 4.17 3.9
RITZ MANSIONS Freehold 1995 192 1,443 1,443 1,443 2.71 3.31 3.76 2.8

Location of nearby properties

Note: Excludes properties with no transactions in the past 6 months.
Source: https://www.squarefoot.com.sg

Nearby land sales / new launches

The developer's estimated breakeven is for subscribers only. Subscribe now to see every bit of information!
Status Name Location Land attributes Estimated Breakeven

on 30 May 2018

(Now known as Neu at Novena)

Site use Residential
Sale Type
Tenure fh
Site area (sqm) 2,062.2
Site GFA (sqm) 6,689.3
Highest bid ($m) 106.0
Highest bid ($psf) 1,472.2
Number of bids
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer RH Novena Pte Ltd (Roxy-Pacific)

on 18 Jun 2018

(Now known as Verticus)

Site use Residential
Sale Type
Tenure 0
Site area (sqm) 4,072.0
Site GFA (sqm) 11,401.6
Highest bid ($m) 150.0
Highest bid ($psf) 1,111.0
Number of bids
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer Solibuild Group Holdings


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