Ikigai
Ikigai is a freehold apartment in District 11 (Novena) that obtained TOP in 2024, with 16 units across 1 block. Across 16 transactions on record, units have recently transacted around S$2.24M (S$2,277 psf, ~969 sqft). There are 7 units for sale from S$1.45M to S$10.00M.
| Tenure | Freehold |
|---|---|
| TOP year | 2024 |
| Developer | OPULENT DEVELOPMENT PTE LTD |
| Units | 16 in 1 block |
| District and area | District 11 · Novena · CCR |
| Nearest MRT | Novena MRT, 490 m (~8 min walk) |
| Latest median psf | S$2,277 psf, last 12 URA caveats to Jan 2026 |
What's for sale and for rent at Ikigai?
Ikigai has 7 units listed for sale, asking S$1.45M to S$10.00M, and 1 unit for rent at a median of S$7,500 a month.
For sale
7 listings
S$1.45M – S$10.00M
For rent
1 listing
S$7,500 – S$7,500 a month
| Bedrooms | For sale | Asking price | Median PSF |
|---|---|---|---|
| 1-bedroom | 6 | S$1.45M–S$1.52M | — |
| 4-bedroom | 1 | S$10.00M–S$10.00M | — |
Asking prices of units currently listed on property portals, not transacted prices.
What are the floor plans and unit sizes at Ikigai?
Floor plans for Ikigai aren't in PropKaki's library yet. Across 16 URA caveats, units range from 603 sqft to 1,916 sqft, and the middle half are 635 sqft to 1,087 sqft.
| Unit type | Sizes listed for sale | Asking from |
|---|---|---|
| 1-bedroom | 603 sqft to 636 sqft | S$1.45M |
| 4-bedroom | 2,500 sqft | S$10.00M |
Check the Floor Plan Finder for Ikigai →
Unit sizes from URA caveats. Listed sizes from current property listings.
What is the price and PSF at Ikigai?
Units have recently transacted around S$2.24M (S$2,277 psf), at a gross rental yield of about 2.0% (URA caveat data).
Recent median price
S$2.24M
recent · 16 sales on record
Median PSF
S$2,277 psf
recent transactions
Median rent (monthly)
S$3,764
7 rentals on record
Gross rental yield
2.0%
indicative, gross
Source: URA caveat data, through Jan 2026.
What has recently sold at Ikigai?
Ikigai has 16 recorded sales; the most recent transacted at S$3,800,000 in Jan 2026 (URA caveat data).
| Date | Price | Size (sqft) | PSF |
|---|---|---|---|
| Jan 2026 | S$3,800,000 | 1,916 | S$1,983 psf |
| Nov 2025 | S$2,950,000 | 1,496 | S$1,972 psf |
| Jun 2024 | S$3,635,800 | 1,572 | S$2,314 psf |
| Feb 2024 | S$2,520,000 | 1,087 | S$2,318 psf |
| Feb 2024 | S$2,530,000 | 1,087 | S$2,327 psf |
| Oct 2023 | S$2,200,000 | 969 | S$2,271 psf |
| Jun 2023 | S$2,240,000 | 969 | S$2,312 psf |
| May 2023 | S$1,480,000 | 635 | S$2,330 psf |
| Apr 2023 | S$2,259,907 | 969 | S$2,333 psf |
| Mar 2023 | S$1,352,800 | 603 | S$2,244 psf |
| Feb 2023 | S$1,421,200 | 635 | S$2,238 psf |
| Nov 2022 | S$1,445,760 | 635 | S$2,277 psf |
16 sales and 7 rentals on record since Apr 2022. Source: URA.
Are prices at Ikigai rising?
The median transacted PSF at Ikigai has risen 6% over the past 2 years (2022–2024), from S$2,189 psf to S$2,318 psf (URA caveats).
| Year | Median PSF | Median price | Sales | YoY |
|---|---|---|---|---|
| 2024 | S$2,318 psf | S$2.53M | 3 | +2.1% |
| 2023 | S$2,271 psf | S$1.48M | 6 | +3.7% |
| 2022 | S$2,189 psf | S$1.39M | 5 | — |
Yearly median transacted PSF and price; years with at least 2 recorded sales. Source: URA caveat data.
Is Ikigai a good investment?
Ikigai has no resales on record yet, so it has no track record of its own. Across District 11, 85% of 10,695 private homes that were bought and later resold sold for more than they were bought for, with a median gain of 24% over a median 5.8-year hold (URA caveats, before costs). Its gross rental yield is about 2.0%. Past resale results don't predict future returns, and this is not financial advice.
District 11 sold for more
85%
of 10,695 private resales
Median gain
24%
gross, before costs
Median hold
5.8 years
bought to resold
Ikigai has fewer than 10 matched resales, so the figures are for District 11 as a whole. Check the odds for your unit size and holding period →
Where is Ikigai and what's nearby?
Ikigai is located in Novena, in the Central Region of Singapore.
Ikigai is a freehold apartment completed in 2024. It was developed by OPULENT DEVELOPMENT PTE LTD. The development has 16 residential units.
IKIGAI is located at 38 Shrewsbury Road, Singapore 307818. It is part of District 11, Watten Estate / Novena / Thomson, Novena. The project falls within the Central Region and the CCR market segment.
The nearest rail connection is Novena MRT, approximately 490m away, around 8 minutes on foot. Nearby amenities include United Square for shopping, NTUC Fairprice Co-operative Ltd for groceries, Pek Kio Market & Food Centre for food options, and Pek Kio Park for greenery and recreation. Facilities in the development include Open car park, Playground, and 24 hours security.
How far is Ikigai from MRT and schools?
The nearest MRT/LRT to Ikigai is Novena MRT, about 490 m away (~8 min walk). 3 schools are within 1 km, including 2 primary schools.
Getting around
- Novena MRT490 m · ~8 min
- Farrer Park MRT947 m · ~15 min
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 priority203 m
- Farrer Park Primary SchoolPrimary schoolwithin 1 km · P1 priority719 m
- Northlight SchoolSecondary schoolwithin 1 km936 m
- Anglo-Chinese School (Junior)Primary school1.2 km
- Hong Wen SchoolPrimary school1.2 km
- Anglo-Chinese School (Barker Road)Secondary school1.3 km
- Anglo-Chinese School (Primary)Primary school1.3 km
- Catholic Junior CollegeJunior college1.6 km
Shops, food & parks
Straight-line distances from the development. Source: PropKaki amenities data.
Who built Ikigai and how big is the development?
Ikigai was developed by OPULENT DEVELOPMENT PTE LTD, with 16 units over up to 5 storeys.
- Developer
- OPULENT DEVELOPMENT PTE LTD
- Floors
- 5 storeys
- Blocks
- 1
What facilities does Ikigai have?
Ikigai has 3 facilities, including Open car park, Playground, 24 hours security.
What does it cost to own a unit at Ikigai?
Buying a unit at Ikigai (~S$2.24M) needs about S$16,397/mo in income and S$7,544/mo in repayments, after S$81,600 stamp duty and a S$560k downpayment.
Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$2.24M) 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$81,600
BSD, tiered
Downpayment (25%)
S$560k
cash + CPF
Monthly instalment
S$7,544/mo
30y @ 3.5%
Income required
S$16,397/mo
TDSR @ stress rate
How many property agents are active around Ikigai?
5,863 CEA-registered agents closed at least one recorded deal in District 11 — where Ikigai sits — in the last 12 months, across all property types.
Active agents · 12mo
5,863
District 11 · closed ≥1 deal
Deals on record
30,351
all-time · all property types
Source: CEA public transaction records, attributed to District 11 across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.
Thinking about Ikigai? Ask before you commit.
A fair-value read, recent comps and what a unit really costs — from Ikigai's own transactions.
PropKakiRecent units at Ikigai sold close to their fair value — solid, no obvious overpay.
Frequently asked questions about Ikigai
Is Ikigai freehold?⌄
Yes. Ikigai is freehold, so ownership does not run out.
How old is Ikigai?⌄
Ikigai was completed (obtained TOP) in 2024, so it is about 2 years old.
Is Ikigai a good investment?⌄
Ikigai has no resales on record yet, so it has no track record of its own. Across District 11, 85% of 10,695 private homes that were bought and later resold sold for more than they were bought for, with a median gain of 24% over a median 5.8-year hold (URA caveats, before costs). Its gross rental yield is about 2.0%. Past resale results don't predict future returns, and this is not financial advice.
Is Ikigai an EC?⌄
No. Ikigai is a private apartment development, not an executive condominium (EC).
Who is the developer of Ikigai?⌄
Ikigai was developed by OPULENT DEVELOPMENT PTE LTD.
What is the price of a condo at Ikigai?⌄
Units at Ikigai have recently sold for around S$2.24M (S$2,277 psf), the median of the last 12 URA caveats to Jan 2026. The price depends on size, floor and facing. 7 units are listed for sale from S$1.45M to S$10.00M.
Where is Ikigai located?⌄
Ikigai is at 38 Shrewsbury Road, Singapore 307818, in Novena (District 11). The nearest MRT station is Novena MRT, about 490 m away.
How many units are there in Ikigai?⌄
Ikigai has 16 units in 1 block, up to 5 storeys high.
How much do I need to earn to buy at Ikigai?⌄
For a unit around S$2.24M as a first home, you'd need roughly S$16,397/mo in income (assessed at the stress-test rate), with repayments near S$7,544/mo after a S$560k (25%) downpayment and S$81,600 Buyer's Stamp Duty.
Are prices at Ikigai going up?⌄
The median price per square foot at Ikigai has risen about 6% between 2022 and 2024, based on URA caveats. The year-by-year figures are in the price-trend table above.
Which primary schools are within 1 km of Ikigai?⌄
St. Joseph's Institution Junior, Farrer Park Primary School are within 1 km of Ikigai. Homes within 1 km of a primary school get priority in Primary 1 (P1) registration.