Diamond Tower
Diamond Tower is a freehold apartment in District 12 (Novena) that obtained TOP in 1977, with 105 units across 1 block. Across 14 transactions on record, units have recently transacted around S$770k (S$493 psf, ~1,561 sqft). There are 12 units for sale from S$700k to S$1.36M.
What are the key facts about Diamond Tower?
Diamond Tower is a freehold apartment in District 12 (Novena) that obtained TOP in 1977, with 105 units across 1 block.
- Tenure
- Freehold
- TOP / Completion
- 1977
- Developer
- EL DEVELOPMENT (BALESTIER) PTE LTD
- Total units
- 105
- Blocks
- 1
- District / Area
- District 12 (Novena)
- Market segment
- RCR
- Median PSF
- S$493 psf
- Last transacted
- Apr 2010
- Remaining lease
- Freehold
What is the price and PSF at Diamond Tower?
Units have recently transacted around S$770k (S$493 psf), at a gross rental yield of about 2.6% (URA caveat data).
Recent median price
S$770k
recent · 14 sales on record
Median PSF
S$493 psf
recent transactions
Median rent (monthly)
S$1,700
66 rentals on record
Gross rental yield
2.6%
indicative, gross
Units currently for sale are asking a median of S$2,131 psf — about 332% above the most recent transacted PSF.
Source: URA caveat data, through Apr 2010.
What has recently sold at Diamond Tower?
Diamond Tower has 14 recorded sales; the most recent transacted at S$49,600,000 in Apr 2010 (URA caveat data).
| Date | Price | Size (sqft) | PSF |
|---|---|---|---|
| Apr 2010 | S$49,600,000 | 42,432 | S$1,169 psf |
| Sept 2009 | S$980,000 | 1,561 | S$628 psf |
| Nov 2002 | S$520,000 | 1,561 | S$333 psf |
| Dec 2001 | S$650,000 | 1,561 | S$416 psf |
| Nov 2001 | S$630,000 | 1,561 | S$404 psf |
| Apr 2001 | S$600,000 | 1,561 | S$384 psf |
| Sept 1999 | S$770,000 | 1,561 | S$493 psf |
| Dec 1998 | S$590,000 | 1,561 | S$378 psf |
| May 1997 | S$880,000 | 1,658 | S$531 psf |
| May 1997 | S$800,000 | 1,561 | S$513 psf |
| Mar 1997 | S$920,000 | 1,561 | S$589 psf |
| Sept 1996 | S$922,000 | 1,658 | S$556 psf |
14 sales and 66 rentals on record since Apr 1995. Source: URA.
Are prices at Diamond Tower rising?
The median transacted PSF at Diamond Tower has fallen 12% over the past 6 years (1995–2001), from S$458 psf to S$404 psf (URA caveats).
| Year | Median PSF | Median price | Sales | YoY |
|---|---|---|---|---|
| 2001 | S$404 psf | S$630k | 3 | -23.9% |
| 1997 | S$531 psf | S$880k | 3 | +15.9% |
| 1995 | S$458 psf | S$760k | 2 | — |
Yearly median transacted PSF and price; years with at least 2 recorded sales. Source: URA caveat data.
How many property agents are active around Diamond Tower?
6,316 CEA-registered agents closed at least one recorded deal in District 12 — where Diamond Tower sits — in the last 12 months, across all property types.
Active agents · 12mo
6,316
District 12 · closed ≥1 deal
Deals on record
24,253
all-time · all property types
Source: CEA public transaction records, attributed to District 12across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.
What bedroom types are available at Diamond Tower?
Diamond Tower has 12 units listed for sale, spanning 1–2-bedroom layouts.
Based on units currently listed for sale.
| Bedrooms | For sale | Price range | Median PSF |
|---|---|---|---|
| 1-bedroom | 10 | S$700k–S$780k | S$2,131 psf |
| 2-bedroom | 2 | S$1.36M–S$1.36M | — |
Where is Diamond Tower and what's nearby?
Diamond Tower is located in Novena, in the Central Region of Singapore.
Diamond Tower is a freehold apartment completed in 1977. It was developed by EL DEVELOPMENT (BALESTIER) PTE LTD. The development has 105 residential units. It sits on a land area of 2,538 sqm and has a gross floor area of 7,108 sqm. The plot ratio is 2.8.
DIAMOND TOWER is located at 17 Jalan Rajah, Singapore 329137. It is part of District 12, Balestier / Toa Payoh / Serangoon, Novena. The project falls within the Central Region and the RCR market segment.
The nearest rail connection is Toa Payoh MRT, approximately 556m away, around 9 minutes on foot. Nearby amenities include Square 2 for shopping, NTUC Fairprice Co-operative Ltd for groceries, Blks 91/92 Whampoa Drive # for food options, and Toa Payoh Town Pk for greenery and recreation. Facilities in the development include Main entrance.
Who built Diamond Tower and how big is the development?
Diamond Tower was developed by EL DEVELOPMENT (BALESTIER) PTE LTD, with 105 units.
- Developer
- EL DEVELOPMENT (BALESTIER) PTE LTD
- Blocks
- 1
- Land area
- 2,538 sqm (27,319 sqft)
- Gross floor area
- 7,108 sqm (76,510 sqft)
- Plot ratio
- 2.80
How far is Diamond Tower from MRT and schools?
The nearest MRT/LRT to Diamond Tower is Toa Payoh MRT, about 556 m away (~9 min walk). 2 schools are within 1 km, including 1 primary school.
Getting around
- Toa Payoh MRT556 m · ~9 min
- Novena MRT902 m · ~14 min
Schools nearby
Homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.
- Chij Secondary (Toa Payoh)Secondary schoolwithin 1 km720 m
- Chij Primary (Toa Payoh)Primary schoolwithin 1 km · P1 priority855 m
- Kheng Cheng SchoolPrimary school1.1 km
- St. Joseph's Institution JuniorPrimary school1.1 km
- Hong Wen SchoolPrimary school1.3 km
- Northlight SchoolSecondary school1.3 km
- Pei Chun Public SchoolPrimary school1.4 km
- Catholic Junior CollegeJunior college1.4 km
Shops, food & parks
Straight-line distances from the development. Source: PropKaki amenities data.
What facilities does Diamond Tower have?
Diamond Tower has 1 facility, including Main entrance.
What does it cost to own a unit at Diamond Tower?
Buying a unit at Diamond Tower (~S$770k) needs about S$5,637/mo in income and S$2,593/mo in repayments, after S$17,700 stamp duty and a S$193k downpayment.
Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$770k) as their first home — 25% down, 30-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →
Buyer's Stamp Duty
S$17,700
BSD, tiered
Downpayment (25%)
S$193k
cash + CPF
Monthly instalment
S$2,593/mo
30y @ 3.5%
Income required
S$5,637/mo
TDSR @ stress rate
Weighing it up as an investment? Gauge the odds with the profitability model, or read how to tell if a condo is profitable →
Thinking about Diamond Tower? Ask before you commit.
A fair-value read, recent comps and what a unit really costs — from Diamond Tower's own transactions.
PropKakiRecent units at Diamond Tower sold close to their fair value — solid, no obvious overpay.
Frequently asked questions about Diamond Tower
How much does a unit at Diamond Tower cost?⌄
Units at Diamond Tower have recently transacted around S$770k (S$493 psf), from 14 sales on record (URA caveats). The exact price depends on size, floor and facing.
How much do I need to earn to buy at Diamond Tower?⌄
For a unit around S$770k as a first home, you'd need roughly S$5,637/mo in income (assessed at the stress-test rate), with repayments near S$2,593/mo after a S$193k (25%) downpayment and S$17,700 Buyer's Stamp Duty.
Is Diamond Tower a good investment?⌄
Gross rental yield is about 2.6%, and current asking prices sit about 332% above the most recent transacted PSF; median PSF has fallen about 12% since 1995. Whether it suits you depends on your budget, holding period and the unit's size, floor and facing — all summarised on this page from URA data.
Are prices at Diamond Tower going up?⌄
The median transacted PSF at Diamond Tower has fallen about 12% between 1995 and 2001, based on URA caveats. Year-by-year figures are in the price-trend table above.
Is Diamond Tower freehold or leasehold?⌄
Diamond Tower is freehold — ownership does not expire.
When was Diamond Tower built and who developed it?⌄
Diamond Tower obtained TOP in 1977, developed by EL DEVELOPMENT (BALESTIER) PTE LTD, with 105 units across 1 block.
How many units are for sale at Diamond Tower?⌄
There are 12 units for sale at Diamond Tower, from S$700k to S$1.36M.
What is the nearest MRT to Diamond Tower?⌄
The nearest MRT/LRT station to Diamond Tower is Toa Payoh MRT, about 556 m away (~9 min walk).
Which primary schools are within 1 km of Diamond Tower?⌄
Chij Primary (Toa Payoh) is within 1 km of Diamond Tower — homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.