FreeholdRCRDistrict 12 (Novena)

Elegance View

Reviewed by Nathan TangUpdated 10 August 2026Data through Jun 2007 (URA)
Quick Summary

Elegance View is a freehold apartment in District 12 (Novena) that obtained TOP in 1984, with 24 units across 1 block. Across 36 transactions on record, units have recently transacted around S$1.20M (S$733 psf, ~1,636 sqft). There are 12 units for sale from S$1.90M to S$2.00M.

1

What are the key facts about Elegance View?

Key Takeaway

Elegance View is a freehold apartment in District 12 (Novena) that obtained TOP in 1984, with 24 units across 1 block.

Tenure
Freehold
TOP / Completion
1984
Developer
NOVELTY ASIA PACIFIC PTE LTD
Total units
24
Blocks
1
District / Area
District 12 (Novena)
Market segment
RCR
Median PSF
S$733 psf
Last transacted
Jun 2007
Remaining lease
Freehold
2

What is the price and PSF at Elegance View?

Key Takeaway

Units have recently transacted around S$1.20M (S$733 psf), at a gross rental yield of about 1.7% (URA caveat data).

Recent median price

S$1.20M

recent · 36 sales on record

Median PSF

S$733 psf

recent transactions

Median rent (monthly)

S$1,700

24 rentals on record

Gross rental yield

1.7%

indicative, gross

Units currently for sale are asking a median of S$1,939 psf — about 165% above the most recent transacted PSF.

Source: URA caveat data, through Jun 2007.

3

What has recently sold at Elegance View?

Key Takeaway

Elegance View has 36 recorded sales; the most recent transacted at S$1,368,000 in Jun 2007 (URA caveat data).

DatePriceSize (sqft)PSF
Jun 2007S$1,368,0001,636S$836 psf
May 2007S$1,200,0001,636S$733 psf
May 2007S$1,200,0001,636S$733 psf
May 2007S$1,200,0001,636S$733 psf
May 2007S$1,200,0001,636S$733 psf
May 2007S$1,200,0001,636S$733 psf
May 2007S$1,200,0001,636S$733 psf
May 2007S$1,200,0001,636S$733 psf
May 2007S$1,200,0001,636S$733 psf
May 2007S$1,200,0001,636S$733 psf
May 2007S$1,300,0001,636S$795 psf
May 2007S$1,200,0001,636S$733 psf

36 sales and 24 rentals on record since May 1995. Source: URA.

4

Are prices at Elegance View rising?

Key Takeaway

The median transacted PSF at Elegance View has risen 50% over the past 12 years (19952007), from S$489 psf to S$733 psf (URA caveats).

YearMedian PSFMedian priceSalesYoY
2007S$733 psfS$1.20M16+31.8%
2006S$556 psfS$910k8+50.3%
1999S$370 psfS$605k2-0.8%
1998S$373 psfS$610k3-23.7%
1995S$489 psfS$800k3

Yearly median transacted PSF and price; years with at least 2 recorded sales. Source: URA caveat data.

5

How many property agents are active around Elegance View?

Key Takeaway

6,318 CEA-registered agents closed at least one recorded deal in District 12 — where Elegance View 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 12across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.

6

What bedroom types are available at Elegance View?

Key Takeaway

Elegance View has 12 units listed for sale, spanning 2–3-bedroom layouts.

Based on units currently listed for sale.

BedroomsFor salePrice rangeMedian PSF
2-bedroom11S$1.90M–S$2.00MS$1,939 psf
3-bedroom1S$1.90M–S$1.90M
7

Where is Elegance View and what's nearby?

Key Takeaway

Elegance View is located in Novena, in the Central Region of Singapore.

Elegance View is a freehold apartment completed in 1984. It was developed by NOVELTY ASIA PACIFIC PTE LTD. The development has 24 residential units. It sits on a land area of 2,476 sqm and has a gross floor area of 6,931 sqm. The plot ratio is 2.8.

ELEGANCE VIEW is located at 20 Irrawaddy Road, Singapore 329550. 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 Novena MRT, approximately 571m 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 Novena Rise Pk for greenery and recreation.

8

Who built Elegance View and how big is the development?

Key Takeaway

Elegance View was developed by NOVELTY ASIA PACIFIC PTE LTD, with 24 units.

Developer
NOVELTY ASIA PACIFIC PTE LTD
Blocks
1
Land area
2,476 sqm (26,651 sqft)
Gross floor area
6,931 sqm (74,605 sqft)
Plot ratio
2.80
9

How far is Elegance View from MRT and schools?

Key Takeaway

The nearest MRT/LRT to Elegance View is Novena MRT, about 571 m away (~9 min walk). 3 schools are within 1 km, including 2 primary schools.

Getting around

Schools nearby

Homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.

  • St. Joseph's Institution JuniorPrimary schoolwithin 1 km · P1 priority838 m
  • Chij Secondary (Toa Payoh)Secondary schoolwithin 1 km841 m
  • Chij Primary (Toa Payoh)Primary schoolwithin 1 km · P1 priority931 m
  • Catholic Junior CollegeJunior college1.2 km
  • Anglo-Chinese School (Barker Road)Secondary school1.3 km
  • Northlight SchoolSecondary school1.3 km
  • Anglo-Chinese School (Primary)Primary school1.3 km
  • Kheng Cheng SchoolPrimary school1.4 km

Shops, food & parks

Mall: Square 2 · 531 mSupermarket: NTUC Fairprice Co-operative Ltd · 221 mHawker centre: Blks 91/92 Whampoa Drive # · 963 mPark: Novena Rise Pk · 313 m

Straight-line distances from the development. Source: PropKaki amenities data.

10

What does it cost to own a unit at Elegance View?

Key Takeaway

Buying a unit at Elegance View (~S$1.20M) needs about S$8,784/mo in income and S$4,041/mo in repayments, after S$32,600 stamp duty and a S$300k downpayment.

Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$1.20M) 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$32,600

BSD, tiered

Downpayment (25%)

S$300k

cash + CPF

Monthly instalment

S$4,041/mo

30y @ 3.5%

Income required

S$8,784/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 →

Keep going in the PropKaki app

Thinking about Elegance View? Ask before you commit.

A fair-value read, recent comps and what a unit really costs — from Elegance View's own transactions.

PropKaki
Is Elegance View a good buy, and what are units selling for?

Recent units at Elegance View sold close to their fair value — solid, no obvious overpay.

Ask anything about Singapore property…
11

Frequently asked questions about Elegance View

How much does a unit at Elegance View cost?

Units at Elegance View have recently transacted around S$1.20M (S$733 psf), from 36 sales on record (URA caveats). The exact price depends on size, floor and facing.

How much do I need to earn to buy at Elegance View?

For a unit around S$1.20M as a first home, you'd need roughly S$8,784/mo in income (assessed at the stress-test rate), with repayments near S$4,041/mo after a S$300k (25%) downpayment and S$32,600 Buyer's Stamp Duty.

Is Elegance View a good investment?

Gross rental yield is about 1.7%, and current asking prices sit about 165% above the most recent transacted PSF; median PSF has risen about 50% 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 Elegance View going up?

The median transacted PSF at Elegance View has risen about 50% between 1995 and 2007, based on URA caveats. Year-by-year figures are in the price-trend table above.

Is Elegance View freehold or leasehold?

Elegance View is freehold — ownership does not expire.

When was Elegance View built and who developed it?

Elegance View obtained TOP in 1984, developed by NOVELTY ASIA PACIFIC PTE LTD, with 24 units across 1 block.

How many units are for sale at Elegance View?

There are 12 units for sale at Elegance View, from S$1.90M to S$2.00M.

What is the nearest MRT to Elegance View?

The nearest MRT/LRT station to Elegance View is Novena MRT, about 571 m away (~9 min walk).

Which primary schools are within 1 km of Elegance View?

St. Joseph's Institution Junior, Chij Primary (Toa Payoh) are within 1 km of Elegance View — homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.

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