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URA • data.gov.sg
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District 11 - Newton, Novena

CCR - 1562 transactions in last 3 years

District 11 (Newton, Novena) sits in Singapore's Core Central Region - the prime central districts known for premium pricing, freehold-heavy stock, and strong long-term capital preservation. Buyers here are typically prioritising prestige and resilience over rental yield.

Last transaction: 2026-04-01. Source: URA private residential PMI.

Key Metrics

Median PSF
$2,150
3-year window
Gross Rental Yield
2.9%
annualised, before costs
3Y Appreciation
-2.4%
median PSF CAGR
Supply PressureiHow much new supply is waiting in the pipeline versus how fast the district normally turns over. 1x = the pipeline holds about 1 year of normal demand. 3x = roughly 3 years; once it's that high, new launches tend to weigh on resale prices because buyers have lots of alternatives. Calculated as: incoming pipeline units (excluding already-TOP'd projects) ÷ avg annual district transactions across resale and new-sale. For nascent districts with a thin historical base (Marina South, Tengah-style new towns), the denominator is floored at 50 txns/year so the ratio is not artificially inflated.How much new supply is waiting in the pipeline versus how fast the district normally turns over. 1x = the pipeline holds about 1 year of normal demand. 3x = roughly 3 years; once it's that high, new launches tend to weigh on resale prices because buyers have lots of alternatives. Calculated as: incoming pipeline units (excluding already-TOP'd projects) ÷ avg annual district transactions across resale and new-sale. For nascent districts with a thin historical base (Marina South, Tengah-style new towns), the denominator is floored at 50 txns/year so the ratio is not artificially inflated.
1.5x
moderate incoming supply

Investment Score

39 / 100

Composite of appreciation (40%), yield (20%), supply (20%), schools (20%) - ranked against all 28 districts.

3Y Appreciation(40%)
-2.4%
Gross Yield(20%)
2.9%
Supply Pressure(20%)
1.5x (lower = better)
Schools(20%)
5 schools (0 elite)

Top Transacted Projects

Ranked by transaction volume in the last 3 years.

  • 1WATTEN HOUSE
    PSF$3,242
    Norm$3,242
    YieldN/A
    Txns (3Y)136
    Pipeline180
  • 2PULLMAN RESIDENCES NEWTON
    PSF$3,235
    Norm$3,235
    Yield2.9%
    Txns (3Y)57
    Pipeline-
  • 3SOLEIL @ SINARAN
    PSF$2,056
    Norm$2,391
    Yield3.9%
    Txns (3Y)40
    Pipeline-
  • 4AMARYLLIS VILLE
    PSF$2,012
    Norm$2,462
    Yield3.2%
    Txns (3Y)38
    Pipeline-
  • 5SANCTUARY@NEWTON
    PSF$2,692
    Norm$2,692
    YieldN/A
    Txns (3Y)36
    Pipeline-
  • 6PARK INFINIA AT WEE NAM
    PSF$2,383
    Norm$2,383
    Yield2.9%
    Txns (3Y)34
    Pipeline-
  • 710 EVELYN
    PSF$2,801
    Norm$2,801
    YieldN/A
    Txns (3Y)28
    Pipeline-
  • 8THOMSON 800
    PSF$1,877
    Norm$1,877
    Yield2.3%
    Txns (3Y)27
    Pipeline-
  • 926 NEWTON
    PSF$2,233
    Norm$2,233
    Yield3.5%
    Txns (3Y)23
    Pipeline-
  • 10ROCHELLE AT NEWTON
    PSF$1,917
    Norm$2,208
    YieldN/A
    Txns (3Y)23
    Pipeline-
  • 11368 THOMSON
    PSF$1,884
    Norm$1,884
    Yield2.9%
    Txns (3Y)23
    Pipeline-
  • 12NINETEEN SHELFORD ROAD
    PSF$1,964
    Norm$1,964
    Yield2.8%
    Txns (3Y)22
    Pipeline-
  • 13HILLCREST ARCADIA
    PSF$1,274
    Norm$1,823
    Yield3.4%
    Txns (3Y)22
    Pipeline-
  • 14ENCHANTÉ
    PSF$2,827
    Norm$2,827
    YieldN/A
    Txns (3Y)21
    Pipeline-
  • 15L'VIV
    PSF$2,251
    Norm$2,251
    Yield3.2%
    Txns (3Y)20
    Pipeline-
#ProjectMedian PSFNorm PSFGross YieldTxns (3Y)Incoming Units
1WATTEN HOUSE$3,242$3,242N/A136180
2PULLMAN RESIDENCES NEWTON$3,235$3,2352.9%57-
3SOLEIL @ SINARAN$2,056$2,3913.9%40-
4AMARYLLIS VILLE$2,012$2,4623.2%38-
5SANCTUARY@NEWTON$2,692$2,692N/A36-
6PARK INFINIA AT WEE NAM$2,383$2,3832.9%34-
710 EVELYN$2,801$2,801N/A28-
8THOMSON 800$1,877$1,8772.3%27-
926 NEWTON$2,233$2,2333.5%23-
10ROCHELLE AT NEWTON$1,917$2,208N/A23-
11368 THOMSON$1,884$1,8842.9%23-
12NINETEEN SHELFORD ROAD$1,964$1,9642.8%22-
13HILLCREST ARCADIA$1,274$1,8233.4%22-
14ENCHANTÉ$2,827$2,827N/A21-
15L'VIV$2,251$2,2513.2%20-

About this number

Normalized PSF uses Bala's Table - the Singapore Land Authority differential premium reference for valuing leasehold against freehold. Bala values a fresh 99-year lease at 96% of freehold; the curve drops non-linearly, reaching ~75% at 50 years remaining and ~60% at 30 years.

Below 40 years remaining we stop normalizing because the curve diverges from market reality once CPF withdrawal restrictions and bank LTV cliffs dominate.

A separate 5% adjustment applies to projects whose lease commenced before 2023, reflecting the older strata-area measurement convention (which counted air-con ledges and bay windows).

Source: Singapore Land Authority differential premium reference (Bala's Table).

Amenities

5 tracked primary schools.

  • Singapore Chinese Girls' PrimaryP1 ratio 1.5x
  • St. Andrew's Junior SchoolP1 ratio 1.4x
  • Raffles Girls' Primary SchoolP1 ratio 1.4x
  • Anglo-Chinese School (Primary)P1 ratio 1.3x
  • St. Joseph's Institution JuniorP1 ratio 1.2x

Incoming Supply

  • Condominium development
    380 unitsTOP na
  • Dunearn House
    380 unitsTOP na
  • WATTEN HOUSE
    180 unitsTOP 2027
  • 32 GILSTEAD
    14 unitsTOP 2026
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