Overview Rating
Ikigai at Novena has a prime location with easy access to amenities including top schools and medical facilities. It has good potential for both resale and rental yield due to its location in a highly sought-after district. While the sale PSF price is above average for the OCR, it is still within the range of average prices for RCR and CCR. Additionally, freehold tenure and planned future developments in the area further add to its attractiveness as a property investment.
Tenure
The condo is sold under freehold tenure which offers long-term ownership and potentially higher resale value compared to leasehold tenures.
Amenities
The condo is located within walking distance to Novena MRT station and various shopping malls, such as Velocity@Novena Square, United Square, and Goldhill Shopping Centre. Top schools like St. Joseph’s Institution Junior and Farrer Park Primary are also nearby.
Future Development
There are future developments planned by URA in the vicinity of Ikigai at Novena, including an upcoming HealthCity Novena project which will further enhance the area’s appeal.
Sale PSF Price
The sale PSF price for Ikigai at Novena ranges from $2,192 onwards, which is above the average PSF price for condos in the Outside Central Region (OCR). However, it is still within the range of average PSF prices for condos in the Rest of Central Region (RCR) and Core Central Region (CCR).
Resale Potential
Ikigai at Novena has potential for resale due to its prime location in District 11 with access to various amenities and strong demand from tenants seeking proximity to medical facilities.
Rental Yield
With its proximity to medical facilities such as Novena Medical Hub, Ikigai at Novena has potential for high rental yields.
Ikigai at Novena is a brand new freehold condominium located at 38 Shrewsbury Road, in the prime District 11 of Singapore. Developed by Opulent Development Pte Ltd, this development consists of one block of five storeys and offers a total of 16 units. The unit sizes range from 603 to 1915 square feet and include one-bedroom with study, two-bedroom premium with study, three-bedroom penthouse with study and various other configurations. The condo boasts an exclusive Japanese + Scandinavian theme home design, freehold status as well as an excellent location near Novena MRT station.
Location:
Ikigai at Novena is strategically situated in an ideal location that provides residents with easy access to public transportation, schools, shopping centers and an array of other amenities. It is a short walk from Novena MRT station which is on the North-South Line and Downtown Line providing access around Singapore. The area has plenty of F&B establishments, shopping options (including Velocity@Novena Square), entertainment facilities like United Square and medical institutions such as Mount Elizabeth Novena Hospital within close proximity.
The neighbourhood also has reputable schools such as St. Joseph’s Institution Junior just a 3-minute walk away, Anglo-Chinese School, Global Indian International Campus and Raffles Institution among others that make it suitable for families with children or students pursuing higher education. Orchard Road is also less than ten minutes away by car making it convenient for those who enjoy retail therapy or quality dining experiences.
Units:
Ikigai at Novena’s units are designed to provide residents with a luxurious living experience while offering functional spaces that meet their everyday needs. The condo features big size units + efficient layout that are meticulously designed with luxury and elegance in mind. Each individual space is fitted with top-quality fittings and finishes that offer both chicness and sleekness.
The interior design incorporates minimalist touches inspired by Japanese aesthetics and modern flair of Scandinavian design. This hybrid style combines art and nature for a balanced and perfect blend of function and form. The units feature imported fittings and appliances, which is an added advantage that enhances the exclusivity of the property.
Price:
Ikigai at Novena’s price point is relatively competitive in comparison to similar properties in the area. The prices start from $1,381,280 (PSF Starting From $2,192 onwards) for one-bedroom with study units while two-bedroom premium units range from $2,239,907. The three-bedroom penthouse with study unit starts at $4,190,020.
The condo offers an excellent investment opportunity in the long run due to its freehold status as well as its location near healthcare facilities such as Novena Medical Hub. It is also located within proximity to many shopping malls giving residents easy access to a variety of amenities.
Conclusion:
In conclusion, Ikigai at Novena is a promising condominium development that offers residents an exclusive living experience with luxurious amenities while being strategically situated in close proximity to essential lifestyle amenities like public transportation hubs, schools and shopping centers. The unique Japanese + Scandinavian theme home design adds character to the development making it more appealing to homebuyers seeking something different from the norm.
Overall, Ikigai at Novena presents itself as a worthy investment opportunity due to its freehold status and excellent location near medical institutions that are highly sought after by both locals and expats alike. Given these factors alongside the high-quality finishes offered throughout each individual space within Ikigai at Novena’s units – we recommend this development for anyone looking for luxury living with added convenience in District 11 Singapore.
