24 Novena Rise

Semi-Detached House · in Novena, District 11, Singapore · 99 yrs from 08/11/2000 · Completed 2004

Data through 3 February 2017

Intro: 24 Novena Rise is a semi-detached house located along Novena Rise within District 11 with a 99-year lease commencing on 8 November 2000. It was completed in 2004. So far it has been transacted a total of 3 times, amounting to $5.8M+ in total.

D11CCRCentralNovena

24 Novena Rise project details

Street

Novena Rise

Property Type

Semi-Detached

Completion

2004

Total Units

-1

Unit Size

2,638 sqft

Tenure

99 yrs from 08/11/2000

Lease Remaining

73 yrs

Postal Sector

MRT and LRT stations near 24 Novena Rise

Novena355 m MRTNS20

See details on nearby stations

Primary schools near 24 Novena Rise

St. Joseph'S Institution Junior788 m
Anglo-Chinese School (Primary)998 m
Chij Primary (Toa Payoh)1,000 m

See details on nearby schools

24 Novena Rise price, PSF and transaction trends

HDB Buyers

$5.8M+

Total Transacted

20-09-2004

First Transacted

03-02-2017

Last Transacted

Total Transactions

24 Novena Rise transaction volume

New SaleSub SaleResale

Among the latest 3 recorded sales for 24 Novena Rise, the median price was S$1,609,000 and the median PSF was S$610 psf. The newest record shown is from 3 February 2017. The annual project median was 61.5% higher in 2017 than in 2004; unit mix can affect year-to-year comparisons.

Recent 24 Novena Rise transactions

Date	Sale type	Price	PSF	Size
3 February 2017	Resale	S$2,600,000	S$985 psf	2,638 sqft
8 December 2005	Resale	S$1,550,000	S$588 psf	2,638 sqft
20 September 2004	New Sale	S$1,609,000	S$610 psf	2,638 sqft

24 Novena Rise median transaction PSF (S$)

24 Novena Rise annual price trend

Year	Median price	Median PSF	Recorded sales
2017	S$2,600,000	S$985 psf	1
2005	S$1,550,000	S$588 psf	1
2004	S$1,609,000	S$610 psf	1

50.0%

% Profitable

Profitable

Unprofitable

> 6% Annualized

6.2 yrs

Avg Holding

$991,000

Total Profits

24 Novena Rise annualized profit %

View full details

24 Novena Rise rental prices and estimated yield

Past 1 month

No. of Rentals

Among the latest 11 recorded rental contracts for 24 Novena Rise, the median monthly rent was S$7,900, with records ranging from S$5,500 to S$14,250.

Recent 24 Novena Rise rental contracts

Lease date	Bedrooms	Monthly rent	Est. PSF	Area
1 September 2014	—	S$12,000	S$3 psf	4000-4500
1 May 2013	—	S$5,800	S$1 psf	4000-4500
1 September 2012	—	S$14,250	S$3 psf	4000-4500
1 September 2010	—	S$14,000	S$3 psf	4000-4500
1 July 2009	—	S$12,500	S$3 psf	4000-4500

24 Novena Rise rental volume

View full details

Frequently asked questions about 24 Novena Rise

How much do units at 24 Novena Rise cost?

The latest 3 recorded sales show a median price of S$1,609,000 and a median of S$610 psf. Actual prices vary by floor, size, facing, condition and sale date.

What are the rental price and estimated yield at 24 Novena Rise?

The latest recorded median monthly rent is S$7,900. Rental yield is indicative and can vary by unit and costs.

Is 24 Novena Rise freehold or leasehold?

24 Novena Rise has a tenure of 99 yrs from 08/11/2000.

When was 24 Novena Rise completed?

24 Novena Rise was completed in 2004.

Which MRT or LRT station is nearest to 24 Novena Rise?

Novena is the nearest station shown, at an estimated straight-line distance of 355 metres.

Which primary schools are near 24 Novena Rise?

The primary schools shown within the page’s one-kilometre search are St. Joseph'S Institution Junior (788 m), Anglo-Chinese School (Primary) (998 m), and Chij Primary (Toa Payoh) (1,000 m). Distances are estimates and do not determine school-admission eligibility.

Data sources and methodology

Sale and rental records are based on URA private residential property market data. REALSMART calculates project-level medians, chart groupings, profitability indicators, straight-line distances and estimated rental yields. Data on this page runs through 3 February 2017. Figures are indicative and do not constitute financial advice.