Lovelyhomes Editorial Team

May 29, 2026

Novena & Newton Neighbourhood Guide Singapore 2026: Property Prices, Schools, MRT and Investment Outlook

Buying Guide, Estate Guides, Investment Analysis, Neighbourhood & Area Guides, Property Investment | 0 comments

Quick Answer: Novena & Newton at a Glance (2026)

  • District 11 (D11) — Core Central Region (CCR) planning area covering Newton, Novena, Moulmein, and the Thomson fringe. One of Singapore’s most established and medically significant residential precincts.
  • Private condominiums range from approximately S$1.1M (1-bedroom) to S$4.0M+ (3-bedroom), with PSF typically running S$2,200–S$3,500 depending on freehold vs 99-year tenure and proximity to the MRT.
  • HDB resale flats exist in limited supply in the Moulmein and Whampoa fringe sub-zones: 3-room S$520k–S$700k, 4-room S$680k–S$950k — rare, and frequently transact at or above valuation.
  • MRT super-connected: Newton (NS21/DT11) is an interchange between the North-South Line (red) and Downtown Line. Novena (NS20) and Stevens (DT10/TE11) provide additional North-South and Thomson–East Coast Line access. Orchard is one stop from Newton.
  • Singapore’s premier medical cluster — Tan Tock Seng Hospital (TTSH), Mount Elizabeth Novena Hospital, Thomson Medical Centre, and Farrer Park Hospital all sit within the Novena planning area or on its boundary, underpinning a structurally deep pool of specialist and expatriate demand.
  • Gross rental yield for condos is 2.5–3.1% — low relative to the OCR, but consistent with CCR norms; HDB in Moulmein achieves 4.0–4.2%.
  • 3-year capital appreciation (Q1 2023–Q1 2026): private condos +13–17%, landed +18–21%, underpinned by land scarcity, school proximity, and the medical cluster’s structural expat-tenant demand.
  • ABSD: Singapore Citizens pay 0% on a first property, 20% on a second; PRs pay 5% on a first, 30% on a second; foreigners pay 60% on any residential property.
  • TDSR limit of 55% of gross monthly income caps the bank loan quantum. At D11 prices of S$2M+, most buyers will need a household income of at least S$14,000–S$18,000 per month for a 2-bedroom purchase.
  • Best suited for: upgrading SC/SPR couples prioritising prestige address and school proximity; expatriate tenants in the medical and financial sectors; long-hold capital-appreciation investors who accept lower initial yield.

What Are Novena and Newton? Singapore’s Medical and Prestige CCR Hub

Novena and Newton are two adjacent sub-zones within District 11 (D11), one of Singapore’s eleven Core Central Region (CCR) planning areas administered by the Urban Redevelopment Authority (URA). Together, they form what market commentators often refer to as Singapore’s “medical mile” — a concentrated cluster of major private and restructured hospitals that has, over the past two decades, generated a structurally resilient pool of specialist doctors, medical-industry professionals, and expatriate patients who rent or own nearby. The planning area also encompasses Moulmein, Balestier, and the lower Thomson corridor.

Newton MRT station (NS21/DT11) is one of Singapore’s busiest interchange stations, sitting at the junction of the North-South Line (red line) and Downtown Line (blue line). This puts residents one stop from Orchard Road and four stops from Raffles Place, making D11 a default choice for finance-sector professionals who need daily access to the CBD. Novena MRT (NS20) adds a second NSL node one stop south of Newton, directly outside Square 2 and Velocity at Novena Square — the district’s primary retail corridor.

Unlike Districts 9 and 10, which have seen a significant influx of ultra-luxury new launches aimed at foreign buyers, D11 retains a strongly local-owner-and-long-term-expat-renter character. The presence of reputable schools within 1–2 km — Anglo-Chinese School (Junior), St Joseph’s Institution Junior, and Singapore Chinese Girls’ School — makes the area a perennial target for families with primary-school-age children, tightening the secondary resale market during periods of demand.

Novena Newton D11 property prices by type HDB condo landed Singapore 2026
Figure 1: Indicative property price ranges by type in Novena / Newton (D11), Q1 2026. Sources: URA REALIS, SRX, SLA caveats. Prices are indicative market ranges; verify against current caveat data before transacting.

MRT Connectivity: Newton, Novena and Stevens

D11 residents enjoy some of the best multi-line MRT access in Singapore. The three stations serving the district connect four separate rail lines:

Newton (NS21 / DT11): The North-South Line and Downtown Line interchange. From Newton, Orchard is one stop south on the NSL (approximately 3 minutes); City Hall is four stops; Raffles Place five stops. On the DTL, Botanic Gardens is two stops west, and the line connects through to the Tech and Education Corridor via one-north and further east to Marina Bay. Newton Circus, the historic hawker centre, sits at street level next to the station — a rare piece of Singapore food heritage in a CCR district.

Novena (NS20): One NSL stop north of Newton, directly below Velocity @ Novena Square and Square 2. Tan Tock Seng Hospital (TTSH) is a five-minute walk. This station is particularly convenient for residents in the mid-Novena condo cluster (including The Atelier, Pullman Residences Newton, and Park Eleven).

Stevens (DT10 / TE11): An interchange between the Downtown Line and the Thomson–East Coast Line (TEL), opened in 2022. Stevens gives D11 residents direct access to the TEL, which runs north through Woodlands and south to Marina Bay and eventually Changi Airport by TEL Stage 4 (expected late 2026). Stevens is particularly useful for residents in the upper Novena and lower Thomson sub-zone, and for those accessing Raffles Girls’ Primary or Anglo-Chinese School at Barker Road.

The Medical Cluster: Four Major Hospitals in One Planning Area

No other residential district in Singapore can claim four major hospitals within its boundaries. This concentration is not coincidence — URA’s Master Plan deliberately zoned Novena as Singapore’s medical cluster, reflecting a deliberate policy decision to create critical mass in private and public healthcare provision. The four anchor institutions are:

  • Tan Tock Seng Hospital (TTSH) — Singapore’s second-largest acute-care hospital, a public restructured hospital under the National Healthcare Group (NHG), with approximately 1,700 beds. TTSH employs several thousand medical professionals, a significant portion of whom live within a 10-minute commute in D11.
  • Mount Elizabeth Novena Hospital — IHH Healthcare’s flagship Singapore facility, a 333-bed super-specialty private hospital that attracts regional medical tourism from Indonesia, Malaysia, Vietnam, and beyond. The hospital’s specialist-practice model generates a deep pool of high-income doctor-tenants seeking proximity to their clinic rooms.
  • Thomson Medical Centre — Singapore’s oldest private hospital, specialising in women’s health and paediatrics. Recently expanded, it serves a loyal base of obstetricians and paediatricians whose young-family clients often seek school-proximity rental accommodation nearby.
  • Farrer Park Hospital — A private multi-specialty hospital at the southern edge of the planning area, also home to a medical suites tower catering to specialist practices. Its proximity to the Little India MRT and the Farrer Park area gives it a distinct multi-community patient base.

Taken together, these four institutions generate structural, counter-cyclical demand for D11 rentals. Even during economic downturns that dampen CBD corporate demand, the medical cluster sustains occupancy for the district’s rental condominiums — a dynamic that distinguishes D11 from purely finance-sector CCR precincts like D9 or D1.

Novena Newton D11 amenities connectivity schools medical hub Singapore 2026
Figure 2: Novena / Newton (D11) — connectivity, medical cluster, schools, retail, and key statistics, 2026. Sources: LTA, MOE, NEA, SingStat.

Schools Near Novena and Newton

One of D11’s enduring strengths as a residential choice for Singaporean families is the concentration of well-regarded primary and secondary schools within the 1 km and 2 km school-registration boundaries. The most notable are:

  • Anglo-Chinese School (Junior) — at Barker Road, within 1.5 km of most Novena and Newton condominiums. A sought-after Methodist mission school with strong alumni connections to ACS(I) and ACS(Barker Road) downstream.
  • St Joseph’s Institution Junior (SJIJ) — at Malcolm Road, a Catholic mission school with consistently strong Primary School Leaving Examination (PSLE) outcomes and good secondary-school pathway alignment to SJI.
  • Singapore Chinese Girls’ School (SCGS) — Clemenceau Avenue, approx. 1.5 km. Independent school with through-train secondary programme; a strong draw for Chinese-educated families.
  • Raffles Girls’ Primary School — at Anderson Road (nearby Thomson), within the broader Thomson/Novena catchment for families willing to commute one MRT stop.
  • Balestier Hill Primary — directly in the Novena planning area; serves the HDB and mid-tier condo resident base in the Moulmein sub-zone.

The 1 km registration priority for Primary 1 places creates a tangible premium on properties within that radius of the most sought-after schools. Buyers who are specifically targeting school proximity should confirm current home-school distances with the Ministry of Education (MOE) Schoolfinder tool, as boundaries are verified at the time of registration, not at the time of purchase.

Property Prices in D11: What Are Buyers Paying in 2026?

D11 sits squarely in CCR territory, which means prices are governed by a different dynamic from the OCR or even most of the RCR. The URA Private Residential Property Price Index (PPI) for CCR rose approximately 40% from Q1 2019 to Q1 2026 — compared with roughly 73% for OCR over the same period — reflecting the fact that CCR values were already elevated when the mass-market surge began in 2020–2021.

Property Type Indicative Price Range (2026) Indicative PSF Typical Tenure Gross Yield
HDB 3-Room (Moulmein) S$520,000 – S$700,000 N/A (HDB) Remaining lease 4.0–4.5%
HDB 4-Room (Moulmein) S$680,000 – S$950,000 N/A (HDB) Remaining lease 3.8–4.2%
Condo 1-Bedroom S$1,100,000 – S$1,600,000 S$2,200–S$3,200 Freehold / 99-yr 2.8–3.1%
Condo 2-Bedroom S$1,600,000 – S$2,500,000 S$2,300–S$3,400 Freehold / 99-yr 2.5–2.8%
Condo 3-Bedroom S$2,300,000 – S$4,000,000 S$2,400–S$3,500 Freehold / 99-yr 2.3–2.6%
Terrace House S$4,000,000 – S$7,000,000 Freehold / 999-yr 1.7–1.9%
Semi-Detached S$6,000,000 – S$12,000,000 Freehold / 999-yr 1.6–1.8%

Noteworthy transactions in Q1 2026 include a 2-bedroom freehold unit at The Atelier (Makeway Avenue) at approximately S$2,650 psf, and a 3-bedroom at Pullman Residences Newton at approximately S$2,890 psf. These benchmark levels reflect freehold CCR mid-tier pricing in a market where supply is tight — The Atelier is fully sold, and no new CCR D11 project has been launched since 2022.

Rental Market: Who Rents in D11?

The D11 rental market draws from three distinct tenant pools, each with different lease preferences and rental budgets:

Medical specialists and allied health professionals form the most structurally stable segment. Specialist doctors at Mount Elizabeth Novena typically earn between S$300,000 and S$1M+ per annum; many prefer proximity to their clinic rooms and will hold long-term leases of 2–3 years. They tend to prefer 2–3 bedroom units in the S$5,500–S$8,000 per month range, either in freehold boutique blocks or established condominiums within a 10-minute walk of the Novena medical cluster.

Finance and professional services expatriates value proximity to Orchard and the CBD. Newton’s direct NSL access to Raffles Place makes it attractive for banking and consulting professionals on corporate leases. This segment typically targets 2–3 bedroom units at S$5,000–S$9,000 per month, with a preference for larger units in the S$6,500–S$8,500 range.

Local upgrader-investors purchase smaller 1-bedroom or studio units to rent to young professionals or medical interns. Yields of 2.8–3.1% are modest by Singapore standards, but the capital appreciation history and the structural tenant demand make D11 a defensible long-hold asset class.

Vacancy rates in D11 have remained below 4% for most of 2023–2026, despite the national private residential vacancy rate edging up to approximately 6% as completions from the elevated 2022–2023 GLS pipeline were absorbed. The medical-cluster effect is the primary reason D11 has outperformed broader CCR vacancy metrics.

Worked Example: Mr & Mrs Chen — Upgrading from HDB to Novena Freehold Condo

Profile: Singapore Citizen couple; joint gross monthly income S$18,000; currently own a Bishan 4-room HDB flat (MOP cleared in March 2025, estimated value S$880,000). They plan to sell the HDB first, then buy a freehold 2-bedroom condo in Novena as their next home.

Target property: The Atelier (Makeway Avenue), 2-bedroom freehold, 797 sq ft, est. S$2,100,000 (approx. S$2,635 psf).

ABSD: S$0 — selling HDB first means they hold zero residential properties at the OTP date. As SCs buying their first private property, no ABSD applies.

Buyer’s Stamp Duty (BSD): On S$2,100,000: 1% on S$180k = S$1,800 + 2% on S$180k = S$3,600 + 3% on S$640k = S$19,200 + 4% on S$500k = S$20,000 + 5% on S$600k = S$30,000 = S$74,600.

Maximum bank loan (LTV 75%): S$1,575,000. Minimum cash downpayment: 5% of S$2.1M = S$105,000. Remaining 20% = S$420,000 (CPF OA eligible).

After HDB sale: Estimated net proceeds after CPF accrued interest refund and outstanding HDB loan = approximately S$320,000 in CPF (OA) + S$85,000 cash. That S$320k CPF covers the 20% cash-or-CPF portion (S$420k minus HDB CPF refund scenario); they need approximately S$205,000 additional CPF or cash from savings.

Monthly repayment: S$1,575,000 at 3.0% over 25 years ≈ S$7,468 per month. TDSR = S$7,468 ÷ S$18,000 = 41.5% — well within the 55% cap.

Total upfront costs: BSD S$74,600 + legal fees est. S$5,200 + buyer disbursements S$1,000 + cash downpayment balance est. S$105,000 minimum cash = approx. S$185,800 cash needed at completion (balance drawn from CPF OA).

Note: CPF accrued interest, outstanding HDB loan, and exact CPF OA balance will affect the above. Engage a licensed conveyancing lawyer and CPF Board before committing.

Investment Case: Why Novena / Newton D11 Holds Its Value

For property investors, D11 presents an unusual risk-return profile: lower initial gross yield (2.5–3.1% for condos) than OCR properties, but a set of structural demand factors that have historically cushioned price corrections and supported above-average capital appreciation.

The medical-cluster effect is the single most important structural driver. Singapore’s ageing population and the Government’s long-term plans to expand Singapore’s position as a regional medical hub mean TTSH and Mount Elizabeth Novena are likely to employ more, not fewer, specialists over the coming decade. Each new specialist joining a hospital in Novena is a potential landlord’s tenant.

The school-proximity premium creates a second demand floor. Parents who specifically buy within 1 km of Anglo-Chinese School (Junior) or St Joseph’s Institution Junior are making a 6–7 year commitment tied to their child’s primary school journey. This embeds a captive, sticky demand segment that does not respond elastically to minor market wobbles.

Finally, supply scarcity in D11 is a structural feature, not a temporary condition. Unlike the OCR or even parts of the RCR, D11 has very limited GLS or redevelopment land available for new private residential launches. The last significant new launches — The Atelier (2019) and Pullman Residences Newton (2020) — are fully sold. Without new supply, the resale and rental market is self-reinforcing for existing owners.

Novena Newton D11 gross rental yield vs 3-year capital growth by property type 2026
Figure 3: Gross rental yield vs 3-year capital growth by property type in D11 (Q1 2026). Sources: URA REALIS, SRX indicative data. Past performance does not guarantee future returns.

What Might Come Next for Novena and Newton?

This section represents forward-looking analysis and should not be taken as investment advice. All projections are speculative.

The Thomson-East Coast Line (TEL) Stage 4 — connecting the existing TEL network to Changi Airport and completing the full loop — is expected around late 2026 to early 2027. Stevens (TE11) will benefit from increased through-traffic as more passengers use the TEL for their daily commute, further embedding the station’s interchange value and supporting property demand in the upper Novena sub-zone.

URA’s Master Plan 2025 Concept Plan signals continued investment in Singapore’s healthcare and biomedical research clusters. Any expansion of the Novena medical cluster — whether a new hospital wing at TTSH, an expanded Mount Elizabeth Novena, or new outpatient specialist facilities — would deepen the structural tenant pool and support rental values.

A potential wildcard is the future of the Moulmein HDB precinct. If any of the older Moulmein estates are earmarked for the Voluntary Early Redevelopment Scheme (VERS) in the coming decade, displaced residents would receive government compensation and might seek nearby private rentals, creating a temporary demand spike for D11 condos. This is speculative at present.

Frequently Asked Questions

Is Novena / Newton a good area to buy property in Singapore?

Novena and Newton (District 11) are among Singapore’s most resilient CCR districts for long-term property ownership. The combination of tri-line MRT connectivity (NSL, DTL, TEL), proximity to four major hospitals, and strong school catchment areas (ACS Junior, SJIJ, SCGS) creates a structurally stable demand environment. Gross rental yields of 2.5–3.1% for private condos are lower than OCR norms, but capital appreciation has been consistent: D11 CCR condos recorded approximately 13–17% price growth from Q1 2023 to Q1 2026. The area is best suited for long-hold investors and upgrading families seeking prestige address, school proximity, and counter-cyclical medical-cluster demand. Short-term flippers who need immediate yield should look to higher-yielding OCR districts instead.

Which MRT stations serve Novena and Newton, and how long does it take to reach Orchard and the CBD?

Three MRT stations serve D11 directly. Newton (NS21/DT11) is the most central — one stop from Orchard Road (approximately 3 minutes on the NSL), four stops from City Hall (approximately 10 minutes), and five stops from Raffles Place (approximately 12 minutes). Novena (NS20) is one NSL stop north of Newton, outside Velocity @ Novena Square and Tan Tock Seng Hospital. Stevens (DT10/TE11) serves the upper Novena and lower Thomson sub-zone and connects to the Thomson-East Coast Line, useful for accessing Marina Bay and (from late 2026) Changi Airport directly. Journey times assume normal weekday conditions; check LTA TransitLink MRT Journey Planner for current timetables.

Can foreigners or PRs buy property in Novena / Newton?

Yes, with significant ABSD differences. A Singapore Permanent Resident (SPR) buying their first private property in D11 pays 5% ABSD; on their second property, 30%. A foreigner (non-PR individual) pays 60% ABSD on any residential property purchase, regardless of whether it is their first or subsequent. At D11 condo prices of S$1.5M–S$3M, a 60% ABSD can add S$900,000–S$1.8M to the purchase cost, which effectively prices most individual foreign buyers out of the market unless they have exceptional capital reserves. Citizens of Iceland, Liechtenstein, Norway, Switzerland, and the United States may qualify for reduced ABSD rates under Free Trade Agreement National Treatment provisions — always verify eligibility with your conveyancing lawyer before signing an OTP. Full ABSD rates and remission schemes are covered in our ABSD Singapore 2026 guide.

What are the best condominiums to buy in the Novena / Newton area?

As of Q1 2026, the most transacted and benchmarked condominiums in D11 include: The Atelier (Makeway Avenue — freehold, 120 units, last transacted at approximately S$2,600–S$2,700 psf for 2-bedrooms), Pullman Residences Newton (Dunearn Road — 99-year leasehold, 340 units, approximately S$2,700–S$2,900 psf), Park Eleven (Balmoral Road — freehold boutique, popular with medical professionals), Visioncrest (Oxley Walk — freehold, larger units popular with families), and Lincoln Suites (Lincoln Road — freehold, studio and 1-bedroom popular with specialist tenants). Buyers should note the tenure difference: freehold condos in D11 typically command a 5–10% PSF premium over comparable 99-year leasehold units, which is narrower than in some other districts, reflecting the floor supported by medical-cluster demand.

How does D11 Novena compare with D9 Orchard or D10 Buona Vista / Holland Village?

D9 (Orchard/River Valley) skews more towards ultra-luxury and international buyer demand; PSF in D9 CCR typically runs S$3,000–S$5,000+ for the newest towers, with transactions heavily influenced by foreigner purchases and investment holding rather than owner-occupation. D10 (Bukit Timah/Holland Village) overlaps with D11 on the school-premium dynamic but has a different character — more landed property, GCB territory, and the Holland Village lifestyle corridor. D11 Novena is arguably the most owner-occupied and domestically demand-driven of the three CCR districts; its medical cluster and school proximity make it stickier in downturns. For pure capital appreciation, D9’s proximity to Orchard may edge ahead in boom cycles; for structural tenant demand and supply scarcity, D11 compares favourably. Our Singapore Prime District Property Guide 2026 covers D9, D10, and D11 side by side.

Are there HDB flats in Novena / Newton, and how do I buy one?

Yes, but in very limited supply. The Moulmein and Whampoa fringe sub-zones within D11 have a small stock of HDB resale flats, most built in the 1980s and 1990s. These are popular with buyers who want a CCR address and excellent MRT connectivity at a lower absolute price than private condos. Key points: (1) HDB resale flats are subject to the standard 5-year Minimum Occupation Period (MOP) rule if bought with an HDB loan or CPF grants; (2) SPRs may buy HDB resale flats subject to HDB eligibility criteria; (3) foreigners may not buy HDB flats. Because these flats are old, buyers should check remaining lease tenure carefully — CPF usage and bank loan LTV are progressively restricted as the remaining lease falls below 60 years. Our HDB Lease Decay guide explains the CPF and financing implications in full detail.

What is the income requirement to buy a Novena or Newton condo?

Under the Total Debt Servicing Ratio (TDSR) framework administered by the Monetary Authority of Singapore (MAS), total monthly debt obligations (including the new mortgage) may not exceed 55% of gross monthly income. At D11 condo entry prices of approximately S$1.5M (1-bedroom) with a 75% LTV bank loan of S$1.125M at 3.0% over 25 years, the monthly repayment is approximately S$5,330, requiring a minimum gross monthly income of approximately S$9,690 to pass TDSR (assuming no other debt). For a 2-bedroom at S$2.1M with a S$1.575M loan, the repayment is approximately S$7,468/month, requiring a minimum household gross income of approximately S$13,578/month. These are minimum TDSR pass levels; banks typically prefer buyers whose mortgage sits at 40–45% of income to allow buffer. See our TDSR and MSR Singapore 2026 guide for the full methodology.

Disclaimer: This guide is for general information and educational purposes only. It does not constitute financial, legal, or investment advice. Property prices, rental yields, and government policies change frequently. Always verify current figures directly with the Urban Redevelopment Authority (URA) REALIS caveat database, HDB, the Inland Revenue Authority of Singapore (IRAS), CPF Board, and the Monetary Authority of Singapore (MAS) before making any property decision. Engage a licensed conveyancing lawyer, mortgage broker, and if necessary an independent financial adviser before transacting.
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