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 8 units for sale from S$735k to S$1.36M.
| Tenure | Freehold |
|---|---|
| TOP year | 1977 |
| Developer | EL DEVELOPMENT (BALESTIER) PTE LTD |
| Units | 105 in 1 block |
| District and area | District 12 · Novena · RCR |
| Nearest MRT | Toa Payoh MRT, 556 m (~9 min walk) |
| Latest median psf | S$493 psf, last 12 URA caveats to Apr 2010 |
What's for sale and for rent at Diamond Tower?
Diamond Tower has 8 units listed for sale, asking S$735k to S$1.36M (median S$2,113 psf), and 7 units for rent at a median of S$3,300 a month.
For sale
8 listings
S$735k – S$1.36M
For rent
7 listings
S$1,350 – S$4,000 a month
| Bedrooms | For sale | Asking price | Median PSF |
|---|---|---|---|
| 1-bedroom | 7 | S$735k–S$780k | S$2,113 psf |
| 2-bedroom | 1 | S$1.36M–S$1.36M | — |
Asking prices of units currently listed on property portals, not transacted prices.
What are the floor plans and unit sizes at Diamond Tower?
Floor plans for Diamond Tower aren't in PropKaki's library yet. Across 14 URA caveats, units range from 1,561 sqft to 42,432 sqft, and the middle half are 1,561 sqft to 1,561 sqft.
| Unit type | Sizes listed for sale | Asking from |
|---|---|---|
| 1-bedroom | 355 sqft to 366 sqft | S$735k · S$2,113 psf |
| 2-bedroom | 678 sqft | S$1.36M |
Check the Floor Plan Finder for Diamond Tower →
Unit sizes from URA caveats. Listed sizes from current property listings.
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$2,113 psf — about 329% 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.
Is Diamond Tower a good investment?
Diamond Tower has no resales on record yet, so it has no track record of its own. Across District 12, 87% of 7,946 private homes that were bought and later resold sold for more than they were bought for, with a median gain of 23% over a median 6.3-year hold (URA caveats, before costs). Its gross rental yield is about 2.6%. Units listed now ask about 329% more per square foot than recent sales. Past resale results don't predict future returns, and this is not financial advice.
District 12 sold for more
87%
of 7,946 private resales
Median gain
23%
gross, before costs
Median hold
6.3 years
bought to resold
Diamond Tower has fewer than 10 matched resales, so the figures are for District 12 as a whole. Check the odds for your unit size and holding period →
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.
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.
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
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
How many property agents are active around Diamond Tower?
6,318 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
6,318
District 12 · closed ≥1 deal
Deals on record
24,291
all-time · all property types
Source: CEA public transaction records, attributed to District 12 across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.
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
Is Diamond Tower freehold?⌄
Yes. Diamond Tower is freehold, so ownership does not run out.
How old is Diamond Tower?⌄
Diamond Tower was completed (obtained TOP) in 1977, so it is about 49 years old.
Is Diamond Tower a good investment?⌄
Diamond Tower has no resales on record yet, so it has no track record of its own. Across District 12, 87% of 7,946 private homes that were bought and later resold sold for more than they were bought for, with a median gain of 23% over a median 6.3-year hold (URA caveats, before costs). Its gross rental yield is about 2.6%. Units listed now ask about 329% more per square foot than recent sales. Past resale results don't predict future returns, and this is not financial advice.
Is Diamond Tower an EC?⌄
No. Diamond Tower is a private apartment development, not an executive condominium (EC).
Who is the developer of Diamond Tower?⌄
Diamond Tower was developed by EL DEVELOPMENT (BALESTIER) PTE LTD.
What is the price of a condo at Diamond Tower?⌄
Units at Diamond Tower have recently sold for around S$770k (S$493 psf), the median of the last 12 URA caveats to Apr 2010. The price depends on size, floor and facing. 8 units are listed for sale from S$735k to S$1.36M.
Where is Diamond Tower located?⌄
Diamond Tower is at 17 Jalan Rajah, Singapore 329137, in Novena (District 12). The nearest MRT station is Toa Payoh MRT, about 556 m away.
How many units are there in Diamond Tower?⌄
Diamond Tower has 105 units in 1 block.
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.
Are prices at Diamond Tower going up?⌄
The median price per square foot at Diamond Tower has fallen about 12% between 1995 and 2001, based on URA caveats. The year-by-year figures are in the price-trend table above.
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 get priority in Primary 1 (P1) registration.