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Condo prices · D11

Novena Regency

Thomson Road · D11 · Core central region · Apartment

The median sale at Novena Regency was $1,170,000 — $1,828 psf — across seven transactions between May 2023 and June 2026. Freehold.

Figures here are based on just seven sales, which is too few to call a market rate.

Median price
$1,170,000
seven sales in the window.
Median per sq ft
$1,828 psf
Median unit 560 sq ft.
Lease remaining
Freehold
Freehold

Novena Regency saw one sale in the past 12 months. A median over that is a record of what happened, not a rate you could expect to transact at.

What it costs per month of lease

Novena Regency is freehold, so there is no lease to divide by and no expiry to discount towards. That is the whole of what a buyer is paying the freehold premium for. It runs about a tenth over leasehold on resales in the core central region and in the suburbs, and the city fringe reads the other way. Why that is, and why the national figure is bigger and worse.

Year by year

Too few sales in one or both ends of the window to quote a change, so the years are given as they are.

  • 2023four sales$1856
  • 2024two sales$1767
  • 2026one sale$2090
Show the figures
YearMedian pricePer sq ftSales
2023$1,105,000$1,856 psf4
2024$1,792,944$1,767 psf2
2026$1,170,000$2,090 psf1

What it rents for

URA’s median of rental contracts lodged at Novena Regency in 2026Q3, per square foot per month.

Median rent per sq ft
$5.87
A month. Middle half of contracts ran $5.74 to $6.39.
Gross yield
3.85%
A year of median rent against the median sale price.
Median sale per sq ft
$1,828 psf
The figure the rent is divided into.

Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.

Other developments in D11

Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.