Most Singapore homeowners would have heard the saying that property is a hedge against inflation. It sounds straightforward: when the cost of everything goes up, property prices should go up too. There is some truth to this, but the actual relationship is much more interesting. Inflation can support property values over the long term because […]
Property Project Intelligence
IKIGAI
SHREWSBURY ROAD
490 mNOVENA MRT STATION
$3.38MMedian transacted price
2Transactions in latest 12 months
1,201–1,500 sqftMost popular unit size
IKIGAI Market Snapshot
At Peak
At 12-Month High
Peak: Jan 2026Based on latest 12 months
▲ +28.8%
From 12-Month Low
Low: Nov 2025Based on latest 12 months
▼ -1.2%
Vs District Median PSF
Below District 11 medianBased on latest 12 months
▼ -10.9%
Vs CCR Median PSF
Below CCR medianBased on latest 12 months
12.5%
12M Turnover Rate
2 sales / 16 units
Latest 12-month sales
2
Up to latest imported transaction
Median transacted price
$3.38M
Latest 12 months
Median PSF
$1,978
Latest 12 months
Typical recorded price range
$3.12M – $3.63M
20th to 80th percentile
Latest transacted price
$3.8M
1,916 sqft · 1 Jan 2026
Historical transaction information is presented for market research and does not constitute a valuation or investment recommendation.
Data Source: Urban Redevelopment Authority (URA)•Data up to: October 2026•Last updated: 12 Oct 2026
IKIGAI Market Trends
Average Price & Transaction Trend
Monthly average transacted price and sales volume from the first available record since 2017.
Average PriceTransactions
Available history: Apr 2022 to Jan 2026
Data Source: Urban Redevelopment Authority (URA)•Data up to: October 2026•Last updated: 12 Oct 2026
Transaction Breakdown (Last 12 Months)
Based on completed transactions from Nov 2025 to Oct 2026.
Most popular unit size1,201–1,500 sqft
Median Sold Size1,706 sqft
Unit Size Distribution
Only size ranges with recorded transactions are shown.
Price Distribution
Recorded transactions grouped into price ranges.
Data Source: Urban Redevelopment Authority (URA)•Data up to: October 2026•Last updated: 12 Oct 2026
Recent Transactions by Unit Size
1201 – 1500 sqft Average Price Trend
1201 – 1500 sqft Transaction Volume
1201 – 1500 sqft Monthly Summary
| Month | Sales | Price (A) | Min | Max | PSF (A) |
|---|---|---|---|---|---|
| 2025-11 | 1 | $2.95M | $2.95M | $2.95M | $1,972 |
1201 – 1500 sqft Recent Transactions
| Date | Type | Level | Area | PSF | Price |
|---|---|---|---|---|---|
| 2025-11 | Apt | 01 to 05 | 1,496 sqft | $1,972 | $2.95M |
1501 – 2000 sqft Average Price Trend
1501 – 2000 sqft Transaction Volume
1501 – 2000 sqft Monthly Summary
| Month | Sales | Price (A) | Min | Max | PSF (A) |
|---|---|---|---|---|---|
| 2026-01 | 1 | $3.8M | $3.8M | $3.8M | $1,983 |
1501 – 2000 sqft Recent Transactions
| Date | Type | Level | Area | PSF | Price |
|---|---|---|---|---|---|
| 2026-01 | Apt | 01 to 05 | 1,916 sqft | $1,983 | $3.8M |
Data Source: Urban Redevelopment Authority (URA)•Data up to: October 2026•Last updated: 12 Oct 2026
IKIGAI Location & Nearby Amenities
Explore IKIGAI and nearby amenities. Distances shown are straight-line estimates from the property.
Master Plan 2025 (approved amendments incorporated)
Please click on the zoning type for a description of the use
Railway
Planning Area Boundary
Plot Ratio Boundary
Underground Road / Structure
Maximum Permissible Plot Ratio
Maximum Permissible White Quantum
Minimum Business (B) Plot Ratio
Conservation Area
Nature Reserve
National Park
Monument
IKIGAI Nearby Amenities
Closest amenities from IKIGAI. Distances are straight-line estimates.
MRT / LRT
- NOVENA MRT STATION490 mNS20North-South Line
- FARRER PARK MRT STATION970 mNE8North East Line
- NEWTON MRT STATION1.1 kmDT11Downtown Line
Bus Interchanges
- Toa Payoh Bus Interchange1.6 kmLor 6 Toa Payoh
Shopping Malls
- United Square430 mThomson Road
- Velocity@Novena Square450 mThomson Road
- Square 2480 mSinaran Drive
- Shaw Plaza890 mBalestier Road
Primary Schools
- ST. JOSEPH'S INSTITUTION JUNIOR180 mESSEX ROAD
- FARRER PARK PRIMARY SCHOOL720 mFARRER PARK ROAD
- HONG WEN SCHOOL1.2 kmTOWNER ROAD
- ANGLO-CHINESE SCHOOL (JUNIOR)1.2 kmWINSTEDT ROAD
- ANGLO-CHINESE SCHOOL (PRIMARY)1.3 kmBARKER ROAD
Secondary Schools
- NORTHLIGHT SCHOOL940 mTOWNER ROAD
- ANGLO-CHINESE SCHOOL (BARKER ROAD)1.3 kmBARKER ROAD
- BENDEMEER SECONDARY SCHOOL1.6 kmST WILFRED ROAD
- CHIJ SECONDARY (TOA PAYOH)1.7 kmLORONG 1 TOA PAYOH
Post-Secondary
- CATHOLIC JUNIOR COLLEGE1.5 kmWHITLEY ROAD
- ST. JOSEPH'S INSTITUTION2.2 kmMALCOLM ROAD
- ST. ANDREW'S JUNIOR COLLEGE2.4 kmSORBY ADAMS DRIVE
MOE Kindergartens
- MOE KINDERGARTEN @ FARRER PARK720 mFARRER PARK ROAD
Childcare Centres
- MapleBear Novena350 mDERBYSHIRE ROAD
- Learning Vision Tan Tock Seng Hospital480 mJALAN TAN TOCK SENG
- Little Olive Tree (Thomson)490 mTHOMSON ROAD
- PEGASUS INTERNATIONAL PRESCHOOL PTE LTD600 mKENG LEE ROAD
Infant Care Centres
- PCF Sparkletots Preschool @ Kolam Ayer Blk 26B (EY)1.8 kmSAINT GEORGE'S LANE
- PCF Sparkletots Preschool @ Toa Payoh East Blk 261A (EY)2.0 kmTOA PAYOH EAST
- PCF SPARKLETOTS PRESCHOOL @ KOLAM AYER BLK 39 (EY)2.1 kmBENDEMEER ROAD
- PCF Sparkletots Preschool @ Toa Payoh East Blk 6 (EY)2.5 kmLORONG 7 TOA PAYOH
Kindergartens
- MFC KINDERGARTEN680 mNEWTON ROAD
- Little Woods Montessori840 mBALESTIER ROAD
- BrainFit School House Pte Ltd1.0 kmAH HOOD ROAD
- KHALSA KINDERGARTEN1.1 kmTESSENSOHN ROAD
Hawker Centres
- Cambridge Road Blk 41A (Pek Kio Market and Food Centre)370 mCambridge Road
- Whampoa Drive Blk 91/92 (Whampoa Drive Makan Place/Whampoa Market)960 mWhampoa Drive
- Whampoa Drive Blk 90 (Whampoa Drive Makan Place/Whampoa Food Centre)1.0 kmWhampoa Drive
Supermarkets
- FairPrice390 m
- Cold Storage450 mThomson Road
- Little Farms450 m
- FairPrice460 m
Hospitals
- TAN TOCK SENG HOSPITAL320 mJALAN TAN TOCK SENG
- REN CI COMMUNITY HOSPITAL580 mIRRAWADDY ROAD
Polyclinics
- Kallang Polyclinic1.3 kmSerangoon Road
- Toa Payoh Polyclinic2.3 kmLorong 8 Toa Payoh
Parks
- PEK KIO PARK280 m
- THOMSON RD PG450 m
- CAMBRIDGE PARK480 m
Libraries
- Toa Payoh Library1.8 kmToa Payoh Central
- Orchard Library2.1 kmOrchard Road
Community Clubs
- Pek Kio CC690 mGloucester Road
- Cairnhill CC1.3 kmAnthony Road
Sport Facilities
- Toa Payoh Sport Centre1.4 kmLorong 6 Toa Payoh
- SAFRA CLUBHOUSE (TOA PAYOH)1.5 kmLOR 6 TOA PAYOH
- Jalan Besar Sport Centre1.6 kmTyrwhitt Road
Featured Listings
Properties currently available through Homy, with priority given to listings in IKIGAI.
SELL WITH HOMY
List your IKIGAI here.
This slot has been reserved for your property.
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For Sale 1 / 16 Condo D27
Skies Miltonia, New 3-Storey Penthouses for Sale
$2,600,000
MILTONIA CLOSE99 YearsBuilt 2016
- 3 Bed
- 4 Bath
- 2,562 ft²
- $1,015 psf
For Sale 1 / 21 Condo D6
EDEN RESIDENCES CAPITOL – Luxury 3 Bedroom Developer sale
$11,980,000
STAMFORD ROAD99 YearsBuilt 2015
- 3 Bed
- 5 Bath
- 3,003 ft²
- $3,989 psf
For Sale 1 / 29 Condo D1
V on Shenton Luxury Penthouse for Sale
$18,800,000
SHENTON WAY99 Years
- 4 Bed
- 7 Bath
- 6,200 ft²
- $3,032 psf
For Sale 1 / 9 Landed D28
Belgravia Ace, Brand New Freehold Semi-D for Sale
$5,300,000
BELGRAVIA DRIVEFreeholdBuilt 2028
- 5 Bed
- 4 Bath
- 4,370 ft²
- $1,213 psf
IKIGAI Market Position & Nearby Transactions
How IKIGAI compares with District 11 projects and transactions recorded within 1 km over the latest 12 months.
Project Median PSF$1,9782 project sales
District 11 Median PSF$2,001Median across district projects with recorded sales
Difference vs District-1.2%Below district median
Transactions Within 1 km25Recorded in the latest 12 months
Position Within District 11
IKIGAI is more affordable than 53% of District 11 projects with recorded sales.
Lower PSFDistrict medianHigher PSF
60of 127 District 11 projects with recorded sales
District reference range$1,389 – $2,756 psf
Comparable Condos Within 1 km
Up to 20 nearest eligible condominium and EC projects. PSF (M) means median PSF for the latest 12 months.
| Project | Distance | TOP / Age | Units | 12M Sales | PSF (M) |
|---|---|---|---|---|---|
| LA NOUVELLE | 61 m | 200323 yrs old | — | 0 | — |
| MULBERRY TREE | 114 m | 201214 yrs old | 32 | 1 | $1,803 |
| SUITES @ SHREWSBURY | 126 m | 201412 yrs old | 15 | 0 | — |
| APLETON VIEW | 155 m | 200521 yrs old | — | 2 | $1,972 |
| 1 MOULMEIN RISE | 162 m | 200323 yrs old | — | 3 | $2,319 |
| LA MAISON | 180 m | 200026 yrs old | — | 1 | $1,906 |
| THE SPRINGS | 184 m | 200323 yrs old | — | 2 | $1,842 |
| CITY EDGE | 201 m | 200818 yrs old | 49 | 0 | — |
| NOVELIS | 205 m | 200917 yrs old | 24 | 2 | $1,879 |
| GRAND TOWER | 227 m | — | — | 0 | — |
| BIRMINGHAM MANSIONS | 242 m | 199828 yrs old | — | 0 | — |
| ADRIA | 246 m | 201511 yrs old | 105 | 1 | $2,148 |
| NEU AT NOVENA | 249 m | 20251 yrs old | 41 | 1 | $2,922 |
| THE HUNTINGTON | 252 m | 200026 yrs old | — | 1 | $2,001 |
| LION TOWERS | 279 m | — | — | 1 | $1,896 |
| 6 DERBYSHIRE | 279 m | 20179 yrs old | 168 | 4 | $2,154 |
| DERBY COURT | 280 m | 197848 yrs old | — | 0 | — |
| FYVE DERBYSHIRE | 280 m | 20242 yrs old | 71 | 6 | $2,475 |
| ULTRA MANSION | 280 m | — | — | 0 | — |
| TREASURE LOFT | 281 m | 200620 yrs old | — | 0 | — |
Nearby Transactions by Unit Size
Transactions from eligible condominium and EC projects within 1 km during the latest 12 months.
<500 sqft Nearby Average Price Trend
<500 sqft Nearby Transaction Volume
<500 sqft Monthly Summary
| Month | Sales | Price (A) | Min | Max | PSF (A) |
|---|---|---|---|---|---|
| 2025-11 | 1 | $815K | $815K | $815K | $1,803 |
| 2025-10 | 1 | $705.9K | $705.9K | $705.9K | $2,115 |
<500 sqft Nearby Condo Summary
| Condo | Type | Units | Sales | Price (A) | PSF (A) |
|---|---|---|---|---|---|
| MULBERRY TREE | 公寓 | 32 | 1 | $815K | $1,803 |
| SUITES @ SHREWSBURY | 公寓 | 15 | 1 | $705.9K | $2,115 |
500–780 sqft Nearby Average Price Trend
500–780 sqft Nearby Transaction Volume
500–780 sqft Monthly Summary
| Month | Sales | Price (A) | Min | Max | PSF (A) |
|---|---|---|---|---|---|
| 2026-09 | 1 | $1.48M | $1.48M | $1.48M | $2,148 |
| 2026-08 | 2 | $1.27M | $992K | $1.54M | $2,113 |
| 2026-06 | 2 | $1.26M | $990K | $1.53M | $1,980 |
| 2026-03 | 1 | $980K | $980K | $980K | $1,858 |
| 2026-02 | 1 | $1.4M | $1.4M | $1.4M | $2,501 |
| 2025-11 | 1 | $1.6M | $1.6M | $1.6M | $2,437 |
| 2025-10 | 2 | $1.41M | $950K | $1.87M | $2,340 |
500–780 sqft Nearby Condo Summary
| Condo | Type | Units | Sales | Price (A) | PSF (A) |
|---|---|---|---|---|---|
| 6 DERBYSHIRE | Condo | 168 | 3 | $1.15M | $1,927 |
| FYVE DERBYSHIRE | 公寓 | 71 | 3 | $1.51M | $2,428 |
| NOVELIS | 公寓 | 24 | 2 | $991K | $1,879 |
| ADRIA | 公寓 | 105 | 1 | $1.48M | $2,148 |
| NEU AT NOVENA | 公寓 | 41 | 1 | $1.87M | $2,840 |
781–1,000 sqft Nearby Average Price Trend
781–1,000 sqft Nearby Transaction Volume
781–1,000 sqft Monthly Summary
| Month | Sales | Price (A) | Min | Max | PSF (A) |
|---|---|---|---|---|---|
| 2026-09 | 2 | $1.99M | $1.94M | $2.05M | $2,284 |
| 2026-08 | 1 | $2.39M | $2.39M | $2.39M | $2,922 |
| 2026-05 | 1 | $1.89M | $1.89M | $1.89M | $2,279 |
| 2026-04 | 1 | $1.95M | $1.95M | $1.95M | $2,448 |
| 2025-11 | 1 | $2.42M | $2.42M | $2.42M | $2,584 |
| 2025-10 | 3 | $2.15M | $1.74M | $2.4M | $2,355 |
781–1,000 sqft Nearby Condo Summary
| Condo | Type | Units | Sales | Price (A) | PSF (A) |
|---|---|---|---|---|---|
| FYVE DERBYSHIRE | 公寓 | 71 | 5 | $2.22M | $2,524 |
| 6 DERBYSHIRE | Condo | 168 | 1 | $1.89M | $2,279 |
| ADRIA | 公寓 | 105 | 1 | $1.74M | $2,046 |
| NEU AT NOVENA | 公寓 | 41 | 1 | $2.39M | $2,922 |
| THE HUNTINGTON | 公寓 | — | 1 | $1.94M | $2,001 |
1,001–1,200 sqft Nearby Average Price Trend
1,001–1,200 sqft Nearby Transaction Volume
1,001–1,200 sqft Monthly Summary
| Month | Sales | Price (A) | Min | Max | PSF (A) |
|---|---|---|---|---|---|
| 2026-08 | 1 | $2.25M | $2.25M | $2.25M | $2,224 |
| 2026-05 | 1 | $1.81M | $1.81M | $1.81M | $1,682 |
| 2025-10 | 2 | $2.02M | $1.87M | $2.17M | $1,886 |
1,001–1,200 sqft Nearby Condo Summary
| Condo | Type | Units | Sales | Price (A) | PSF (A) |
|---|---|---|---|---|---|
| BIRMINGHAM MANSIONS | 公寓 | — | 2 | $2.02M | $1,886 |
| 6 DERBYSHIRE | Condo | 168 | 1 | $2.25M | $2,224 |
| THE SPRINGS | 公寓 | — | 1 | $1.81M | $1,682 |
1,201–1,500 sqft Nearby Average Price Trend
1,201–1,500 sqft Nearby Transaction Volume
1,201–1,500 sqft Monthly Summary
| Month | Sales | Price (A) | Min | Max | PSF (A) |
|---|---|---|---|---|---|
| 2026-09 | 1 | $2.87M | $2.87M | $2.87M | $2,319 |
| 2026-05 | 2 | $2.59M | $2.42M | $2.77M | $2,104 |
| 2026-04 | 1 | $2.4M | $2.4M | $2.4M | $1,906 |
| 2025-12 | 1 | $3.06M | $3.06M | $3.06M | $2,430 |
| 2025-11 | 2 | $2.61M | $2.42M | $2.8M | $1,987 |
| 2025-10 | 1 | $2.98M | $2.98M | $2.98M | $2,326 |
1,201–1,500 sqft Nearby Condo Summary
| Condo | Type | Units | Sales | Price (A) | PSF (A) |
|---|---|---|---|---|---|
| 1 MOULMEIN RISE | 公寓 | — | 3 | $2.9M | $2,328 |
| APLETON VIEW | 公寓 | — | 2 | $2.42M | $1,972 |
| ADRIA | 公寓 | 105 | 1 | $2.98M | $2,326 |
| LA MAISON | 公寓 | — | 1 | $2.4M | $1,906 |
| THE SPRINGS | 公寓 | — | 1 | $2.8M | $2,001 |
1,501–2,000 sqft Nearby Average Price Trend
1,501–2,000 sqft Nearby Transaction Volume
1,501–2,000 sqft Monthly Summary
| Month | Sales | Price (A) | Min | Max | PSF (A) |
|---|---|---|---|---|---|
| 2026-04 | 1 | $3.53M | $3.53M | $3.53M | $1,896 |
1,501–2,000 sqft Nearby Condo Summary
| Condo | Type | Units | Sales | Price (A) | PSF (A) |
|---|---|---|---|---|---|
| LION TOWERS | 公寓 | — | 1 | $3.53M | $1,896 |
Market Interpretation
IKIGAI recorded only 2 transactions during the latest 12 months. Price movements should therefore be interpreted cautiously because individual sales can materially affect the headline figures.
Its median PSF is broadly in line with the District 11 project median.
Within 1 km, 20 nearby condominiums were identified; 12 recorded at least one sale during the same period. These projects provide additional context where the subject development has limited recent activity.
This is a rules-based interpretation of recorded transactions and nearby project data, not a formal valuation.IKIGAI Project Details
Developer
OPULENT DEVELOPMENT PTE LTD
Property type
Condominium
District
District 11 - Newton / Novena / Dunearn
Market segment
Core Central Region
Tenure
Freehold
TOP
2024
Total units
16
Postal code
307818
About IKIGAI
IKIGAI is a condominium in Singapore District 11, completed in 2024 with freehold. It recorded 2 transactions during the latest 12-month period in the database, with a median transacted price of $3.38M and a median of $1,978 psf. The most frequently transacted size range is 1,201–1,500 sqft, representing 50.0% of transactions with recorded floor area. NOVENA MRT STATION is approximately 490 m away by straight-line distance. 2 primary schools are located within a 1 km straight-line radius.
Get Property AdviceDisclaimer: The information, charts, statistics, distances and other data shown on this page are derived from publicly available sources, including Urban Redevelopment Authority (URA) transaction records, and are provided for general informational purposes only. While reasonable efforts are made to keep the information accurate and up to date, the data may contain errors, omissions, delays or inaccuracies. All figures, calculations, trends, market insights and distance measurements are estimates only and should not be relied upon for contractual, legal, financial, investment, valuation, planning or other official purposes. Distance information is approximate and should not be used for actual access, eligibility, proximity, planning or assessment purposes. Users should independently verify all information with the relevant authorities, official records or other appropriate sources before making any decision or entering into any agreement.
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