FREEHOLD | 710 SQFT | HIGH YIELD INVESTMENT | PRIME NOVENA LOCATION
A rare opportunity to acquire a freehold apartment in the heart of Novena that combines immediate rental income with long-term capital appreciation potential.
Positioned within one of Singapore’s most established city-fringe districts, this efficient 710 sqft apartment offers an attractive entry price into the freehold market while benefiting from consistently strong rental demand generated by the Novena medical hub, CBD professionals and expatriate tenants.
The unit is currently achieving S$3,800 per month, providing buyers with immediate income upon acquisition. Combined with a low MCST contribution of only S$405 per quarter, the property offers an attractive net holding cost uncommon within the Novena precinct.
Historical transactions within the development demonstrate a consistent upward trajectory in values over the past decade, reflecting both the scarcity of freehold developments in the area and the enduring demand for centrally located homes.
Unit Highlights
• Freehold tenure
• 710 sqft
• Functional and efficient layout
• Bright living and dining area
• Spacious bedroom
• Open concept kitchen
• Low maintenance configuration
• Excellent for own stay or investment
Investment Highlights
• Immediate rental income
• Strong rental demand from Novena medical precinct
• Attractive net rental yield
• Low quarterly MCST of only S$405
• Rare affordable freehold opportunity in District 11
• Proven long-term capital appreciation
• Positive cashflow potential from Day One
Excellent Connectivity
• Minutes to Novena MRT
• Close to Orchard Road and CBD
• Easy access to PIE and CTE
• Surrounded by shopping malls, supermarkets, restaurants and everyday conveniences
• Near Tan Tock Seng Hospital, Mount Elizabeth Novena Hospital, Thomson Medical Centre and the HealthCity Novena masterplan.
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