The Tier

Apartment · in Novena, District 12, Singapore · Freehold · Completed 2011

Data through 1 August 2026

The Tier property photo and location

Intro: The Tier is a boutique freehold development on Pegu Road that offers a compact, urban living experience within reach of the food and amenities that define the Balestier area 🍜.
Good to know: This 18-storey residence consists of just 48 units, ensuring a more intimate and quiet living environment 🏡; Families will appreciate being within one kilometer of schools like Hong Wen School and St. Joseph's Institution Junior 🏫.
Practical note: While the location is well-connected, the nearest MRT station at Novena is a moderate walk away, so residents often rely on buses or short rides for daily commuting 🚌.

D12RCRCentralNovena

REALSCOREⓘ

Profitability rank across Singapore

1.4

Annual Returns

Avg annualized profit (past 1y)

0.9%

< 1km

MRT Station

Near

$1M+ HDB

> 1K

MOPs in Town

Mega

Development

< 10y

Property Age

100%

Profitable

Top 20

Schools

50+

Deals Past Yr

The Tier project details

Street

Pegu Road

Developer

Kaiwatt Development Pte Ltd

Property Type

Apartment

Completion

2011

Total Units

Plot Ratio

2.8

Unit Size

495 - 990 sqft

Tenure

Freehold

Lease Remaining

Freehold

Postal Sector

MRT and LRT stations near The Tier

Novena766 m MRTNS20

See details on nearby stations

Primary schools near The Tier

Hong Wen School735 m
St. Joseph'S Institution Junior842 m
Anglo-Chinese School (Junior)1,000 m

See details on nearby schools

The Tier price, PSF and transaction trends

100%

Sold At Launch

49%

HDB Buyers

$62.6M+

Total Transacted

07-12-2009

First Transacted

13-05-2026

Last Transacted

Total Transactions

The Tier transaction volume

New SaleSub SaleResale

Among the latest 12 recorded sales for The Tier, the median price was S$839,000 and the median PSF was S$1,538 psf. The newest record shown is from 13 May 2026. The annual project median was 17.1% higher in 2026 than in 2016; unit mix can affect year-to-year comparisons.

Recent The Tier transactions

Date	Sale type	Price	PSF	Size
13 May 2026	Resale	S$870,000	S$1,585 psf	549 sqft
8 September 2025	Resale	S$860,000	S$1,598 psf	538 sqft
22 May 2025	Resale	S$750,000	S$1,515 psf	495 sqft
6 February 2025	Resale	S$850,000	S$1,548 psf	549 sqft
19 September 2024	Resale	S$812,088	S$1,479 psf	549 sqft

The Tier median transaction PSF (S$)

The Tier annual price trend

Year	Median price	Median PSF	Recorded sales
2026	S$870,000	S$1,585 psf	1
2025	S$850,000	S$1,548 psf	3
2024	S$812,088	S$1,479 psf	1
2023	S$750,000	S$1,515 psf	1
2022	S$828,000	S$1,538 psf	4
2021	S$820,000	S$1,514 psf	7
2018	S$810,000	S$1,476 psf	1
2016	S$699,000	S$1,353 psf	2

84.2%

% Profitable

Profitable

Unprofitable

> 6% Annualized

6.0 yrs

Avg Holding

$3.3M

Total Profits

The Tier annualized profit %

View full details

The Tier rental prices and estimated yield

Past 1 month

$6.15

Avg PSF Rental

No. of Rentals

4.7%

Est. Rental Yield

Among the latest 12 recorded rental contracts for The Tier, the median monthly rent was S$3,150, with records ranging from S$2,800 to S$3,550.

Recent The Tier rental contracts

Lease date	Bedrooms	Monthly rent	Est. PSF	Area
1 August 2026	1 BR	S$3,100	S$6 psf	500-600
1 August 2026	1 BR	S$3,200	S$7 psf	400-500
1 June 2026	2 BR	S$3,500	S$6 psf	500-600
1 June 2026	2 BR	S$3,100	S$6 psf	500-600
1 May 2026	1 BR	S$3,200	S$6 psf	500-600

The Tier rental volume

View full details

Frequently asked questions about The Tier

How much do units at The Tier cost?

The latest 12 recorded sales show a median price of S$839,000 and a median of S$1,538 psf. Actual prices vary by floor, size, facing, condition and sale date.

What are the rental price and estimated yield at The Tier?

The latest recorded median monthly rent is S$3,150 and the estimated rental yield based on the past six months is 4.7%. Rental yield is indicative and can vary by unit and costs.

Is The Tier freehold or leasehold?

The Tier has a tenure of Freehold.

When was The Tier completed and who developed it?

The Tier was completed in 2011, the developer is Kaiwatt Development Pte Ltd, and the project has 48 units.

Which MRT or LRT station is nearest to The Tier?

Novena is the nearest station shown, at an estimated straight-line distance of 766 metres.

Which primary schools are near The Tier?

The primary schools shown within the page’s one-kilometre search are Hong Wen School (735 m), St. Joseph'S Institution Junior (842 m), and Anglo-Chinese School (Junior) (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 1 August 2026. Figures are indicative and do not constitute financial advice.