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NOVENA LODGE

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Project Information

Project Name

NOVENA LODGE

Street Name

Jalan Merlimau

Property Type

Condominium

Tenure

Freehold

District / Planning Area

D11 / Novena

Completion

1999

Number of units

66 units

Indicative price range / Average*

S$ 1,794 - S$ 1,794 psf / S$ 1,794 psf

Indicative rental range / Average*

S$ 3.37 - S$ 6.00 psf pm / S$ 4.77 psf pm

Implied rental yield

3.19%

Historical high

S$ 1,824 psf in May 2022 for a 947-sqft unit

Indicative average price from historical high

-1.6%

Historical low

S$ 579 psf in Oct 2003 for a 786-sqft unit

Buyer profile by status#

Singaporean 78.3%, PR 10.8%, Foreigner 8.3%, Company 0.8%

Buyer profile by purchaser address#

HDB 25.4%, Private 74.6%

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

Location

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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
(m)
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
(%)
NOVENA LODGE Freehold 1999 - 1,794 1,794 1,794 3.37 4.56 5.54 3.1
NOVENA COURT Freehold - 183 1,452 1,588 1,729 3.08 5.05 7.38 3.8
PEAK RESIDENCE Freehold Uncompleted 193 2,566 2,566 2,566 - - - -
NOVENA HILL Freehold - 252 1,496 1,496 1,496 4.31 5.23 6.73 4.2
NOVENA REGENCY Freehold 2015 272 1,517 1,789 2,074 4.62 6.41 7.27 4.3
368 THOMSON Freehold 2014 397 1,790 1,888 1,961 3.71 4.85 5.88 3.1
ONE DUSUN RESIDENCES Freehold 2016 470 1,792 1,792 1,792 3.09 6.48 8.22 4.3
IRESIDENCES Freehold 2011 530 1,895 1,895 1,895 3.17 4.34 4.84 2.7
CUBE 8 Freehold 2013 531 1,664 1,812 1,971 3.85 5.11 6.18 3.4
DOMUS Freehold 2012 542 1,792 1,825 1,848 4.26 5.92 8.89 3.9

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)

Street
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
Remarks
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 8 Nov 2017

(Now known as 35 Gilstead)

Street
Site use Residential
Sale Type
Tenure 0
Site area (sqm) 3,528.0
Site GFA (sqm) 4,939.0
Highest bid ($m) 87.1
Highest bid ($psf) 1,638.0
Number of bids 11
Remarks
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 Tee Land

on 12 May 2018

(Now known as Peak Residence)

Street
Site use Residential
Sale Type
Tenure 0
Site area (sqm) 5,330.6
Site GFA (sqm) 7,462.8
Highest bid ($m) 118.9
Highest bid ($psf) 1,558.0
Number of bids
Remarks
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 Tuan Sing Holdings and Rich Capital Holdings

on 13 Dec 2017

(Now known as Fyve Derbyshire)

Street
Site use Residential
Sale Type
Tenure 0
Site area (sqm) 1,719.3
Site GFA (sqm) 4,938.1
Highest bid ($m) 73.9
Highest bid ($psf) 1,390.0
Number of bids 7
Remarks
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 Roxy-Pacific Holdings

Disclaimer

This report provides information as reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice or any other advice. This report has been generated without regard to the individual financial circumstances, needs or objectives of persons who view it. Users should not rely on any of the information herein as authoritative or substitute for the exercise of their own skill and judgment in making any investment or other decision. By the use of our services, you agree that any and all use of this report which you make, is solely at your own risk and without any recourse whatsoever to Square Foot Research Pte. Ltd., its related and affiliate companies and/or their employees. Square Foot Research Pte. Ltd. makes reasonable effort to use reliable and comprehensive information to generate this report, but we make no representation that it is accurate or complete.

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