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$1.50M to S$10.00M.
What are the key facts about Ikigai?
Ikigai is a freehold apartment in District 11 (Novena) that obtained TOP in 2024, with 16 units across 1 block.
- Tenure
- Freehold
- TOP / Completion
- 2024
- Developer
- OPULENT DEVELOPMENT PTE LTD
- Total units
- 16
- Blocks
- 1
- District / Area
- District 11 (Novena)
- Market segment
- CCR
- Median PSF
- S$2,277 psf
- Last transacted
- Jan 2026
- Remaining lease
- Freehold
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.
How many property agents are active around Ikigai?
5,862 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
5,862
District 11 · closed ≥1 deal
Deals on record
30,333
all-time · all property types
Source: CEA public transaction records, attributed to District 11across 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 Ikigai?
Ikigai has 7 units listed for sale, spanning 1–4-bedroom layouts.
Based on units currently listed for sale.
| Bedrooms | For sale | Price range | Median PSF |
|---|---|---|---|
| 1-bedroom | 6 | S$1.50M–S$1.52M | — |
| 4-bedroom | 1 | S$10.00M–S$10.00M | — |
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.
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
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.
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
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 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
How much does a unit at Ikigai cost?⌄
Units at Ikigai have recently transacted around S$2.24M (S$2,277 psf), from 16 sales on record (URA caveats). The exact price depends on size, floor and facing.
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.
Is Ikigai a good investment?⌄
Gross rental yield is about 2.0%; median PSF has risen about 6% since 2022. 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 Ikigai going up?⌄
The median transacted PSF at Ikigai has risen about 6% between 2022 and 2024, based on URA caveats. Year-by-year figures are in the price-trend table above.
Is Ikigai freehold or leasehold?⌄
Ikigai is freehold — ownership does not expire.
When was Ikigai built and who developed it?⌄
Ikigai obtained TOP in 2024, developed by OPULENT DEVELOPMENT PTE LTD, with 16 units across 1 block.
How many units are for sale at Ikigai?⌄
There are 7 units for sale at Ikigai, from S$1.50M to S$10.00M.
What is the nearest MRT to Ikigai?⌄
The nearest MRT/LRT station to Ikigai is Novena MRT, about 490 m away (~8 min walk).
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 qualify for Primary 1 (P1) registration priority.