Nova 48
Nova 48 is a freehold apartment in District 12 (Novena) that obtained TOP in 2011, with 48 units across 2 blocks. Across 91 transactions on record, units have recently transacted around S$1.62M (S$1,709 psf, ~936 sqft). There are 8 units for sale from S$2.38M to S$3.39M.
| Tenure | Freehold |
|---|---|
| TOP year | 2011 |
| Developer | ROXY HOMES PTE LTD |
| Units | 48 in 2 blocks |
| District and area | District 12 · Novena · RCR |
| Nearest MRT | Novena MRT, 780 m (~12 min walk) |
| Latest median psf | S$1,709 psf, last 12 URA caveats to Oct 2025 |
What's for sale and for rent at Nova 48?
Nova 48 has 8 units listed for sale, asking S$2.38M to S$3.39M (median S$1,692 psf), and 8 units for rent at a median of S$1,500 a month.
For sale
8 listings
S$2.38M – S$3.39M
For rent
8 listings
S$1,180 – S$3,400 a month
| Bedrooms | For sale | Asking price | Median PSF |
|---|---|---|---|
| 3-bedroom | 2 | S$2.50M–S$2.50M | S$2,277 psf |
| 4-bedroom | 6 | S$2.38M–S$3.39M | S$1,692 psf |
Asking prices of units currently listed on property portals, not transacted prices.
What are the floor plans and unit sizes at Nova 48?
Floor plans for Nova 48 aren't in PropKaki's library yet. Across 91 URA caveats, units range from 657 sqft to 2,002 sqft, and the middle half are 936 sqft to 1,152 sqft.
| Unit type | Sizes listed for sale | Asking from |
|---|---|---|
| 3-bedroom | 1,098 sqft | S$2.50M · S$2,277 psf |
| 4-bedroom | 1,152 sqft to 2,002 sqft | S$2.38M · S$1,692 psf |
Check the Floor Plan Finder for Nova 48 →
Unit sizes from URA caveats. Listed sizes from current property listings.
What is the price and PSF at Nova 48?
Units have recently transacted around S$1.62M (S$1,709 psf), at a gross rental yield of about 2.7% (URA caveat data).
Recent median price
S$1.62M
recent · 91 sales on record
Median PSF
S$1,709 psf
recent transactions
Median rent (monthly)
S$3,664
194 rentals on record
Gross rental yield
2.7%
indicative, gross
Units currently for sale are asking a median of S$1,692 psf.
Source: URA caveat data, through Oct 2025.
What has recently sold at Nova 48?
Nova 48 has 91 recorded sales; the most recent transacted at S$1,490,000 in Oct 2025 (URA caveat data).
| Date | Price | Size (sqft) | PSF |
|---|---|---|---|
| Oct 2025 | S$1,490,000 | 861 | S$1,730 psf |
| Sept 2025 | S$2,080,000 | 1,152 | S$1,806 psf |
| Sept 2024 | S$1,900,000 | 1,098 | S$1,731 psf |
| Apr 2024 | S$1,480,000 | 861 | S$1,719 psf |
| Feb 2024 | S$1,630,000 | 936 | S$1,741 psf |
| Oct 2023 | S$1,750,000 | 1,066 | S$1,642 psf |
| Sept 2023 | S$1,600,000 | 936 | S$1,709 psf |
| Feb 2023 | S$1,619,800 | 936 | S$1,730 psf |
| Feb 2023 | S$1,810,000 | 1,066 | S$1,699 psf |
| Aug 2022 | S$1,680,000 | 1,066 | S$1,577 psf |
| Apr 2019 | S$1,398,000 | 1,098 | S$1,273 psf |
| Oct 2018 | S$1,120,000 | 861 | S$1,301 psf |
91 sales and 194 rentals on record since Jan 2009. Source: URA.
Are prices at Nova 48 rising?
The median transacted PSF at Nova 48 has risen 76% over the past 15 years (2010–2025), from S$985 psf to S$1,730 psf (URA caveats).
| Year | Median PSF | Median price | Sales | YoY |
|---|---|---|---|---|
| 2025 | S$1,730 psf | S$1.49M | 2 | -0.1% |
| 2024 | S$1,731 psf | S$1.63M | 3 | +1.9% |
| 2023 | S$1,699 psf | S$1.62M | 4 | +30.6% |
| 2018 | S$1,301 psf | S$1.35M | 5 | +10.7% |
| 2017 | S$1,175 psf | S$1.10M | 2 | -3.0% |
| 2016 | S$1,211 psf | S$1.29M | 2 | +3.1% |
| 2014 | S$1,175 psf | S$1.10M | 2 | -4.0% |
| 2012 | S$1,224 psf | S$1.29M | 8 | +7.4% |
| 2011 | S$1,140 psf | S$1.25M | 9 | +15.7% |
| 2010 | S$985 psf | S$1.05M | 4 | — |
Yearly median transacted PSF and price; years with at least 2 recorded sales. Source: URA caveat data.
Is Nova 48 a good investment?
Of 43 units at Nova 48 that were bought and later resold (bought from 2009, resold up to 2025), 98% sold for more than they were bought for, with a median gain of 36% over a median 4.2-year hold (URA caveats, before stamp duty, agent fees and interest). Its gross rental yield is about 2.7%. Past resale results don't predict future returns, and this is not financial advice.
Sold for more than bought
98%
of 43 resales here
Median gain
36%
gross, before costs
Median hold
4.2 years
bought to resold
Every unit at Nova 48 with a purchase and a later resale on record, matched from URA caveats. Check the odds for your unit size and holding period →
Where is Nova 48 and what's nearby?
Nova 48 is located in Novena, in the Central Region of Singapore.
Nova 48 is a freehold apartment completed in 2011. It was developed by ROXY HOMES PTE LTD. The development has 48 residential units. It sits on a land area of 1,813 sqm and has a gross floor area of 5,077 sqm. The plot ratio is 2.8.
NOVA 48 is located at 10 Prome Road, Singapore 328316. 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 780m away, around 12 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 Barbeque Area, Covered car park, Gymnasium room, Jacuzzi, Playground, and Sauna.
How far is Nova 48 from MRT and schools?
The nearest MRT/LRT to Nova 48 is Novena MRT, about 780 m away (~12 min walk). 2 schools are within 1 km, including 1 primary school.
Getting around
- Novena MRT780 m · ~12 min
- Toa Payoh MRT862 m · ~14 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 priority902 m
- Northlight SchoolSecondary schoolwithin 1 km991 m
- Hong Wen SchoolPrimary school1.0 km
- Chij Secondary (Toa Payoh)Secondary school1.0 km
- Chij Primary (Toa Payoh)Primary school1.2 km
- Bendemeer Secondary SchoolSecondary school1.3 km
- Kheng Cheng SchoolPrimary school1.4 km
- Farrer Park Primary SchoolPrimary school1.4 km
Shops, food & parks
Straight-line distances from the development. Source: PropKaki amenities data.
Who built Nova 48 and how big is the development?
Nova 48 was developed by ROXY HOMES PTE LTD, designed by JGP ARCHITECTURE (S) PTE LTD, with 48 units.
- Developer
- ROXY HOMES PTE LTD
- Architect
- JGP ARCHITECTURE (S) PTE LTD
- Main contractor
- ADMIN CONSTRUCTION PTE LTD
- Blocks
- 2
- Land area
- 1,813 sqm (19,515 sqft)
- Gross floor area
- 5,077 sqm (54,648 sqft)
- Plot ratio
- 2.80
What facilities does Nova 48 have?
Nova 48 has 7 facilities, including Barbeque Area, Covered car park, Gymnasium room, Jacuzzi, and more.
What does it cost to own a unit at Nova 48?
Buying a unit at Nova 48 (~S$1.62M) needs about S$11,857/mo in income and S$5,455/mo in repayments, after S$50,590 stamp duty and a S$405k downpayment.
Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$1.62M) 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$50,590
BSD, tiered
Downpayment (25%)
S$405k
cash + CPF
Monthly instalment
S$5,455/mo
30y @ 3.5%
Income required
S$11,857/mo
TDSR @ stress rate
How many property agents are active around Nova 48?
6,318 CEA-registered agents closed at least one recorded deal in District 12 — where Nova 48 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 Nova 48? Ask before you commit.
A fair-value read, recent comps and what a unit really costs — from Nova 48's own transactions.
PropKakiRecent units at Nova 48 sold close to their fair value — solid, no obvious overpay.
Frequently asked questions about Nova 48
Is Nova 48 freehold?⌄
Yes. Nova 48 is freehold, so ownership does not run out.
How old is Nova 48?⌄
Nova 48 was completed (obtained TOP) in 2011, so it is about 15 years old.
Is Nova 48 a good investment?⌄
Of 43 units at Nova 48 that were bought and later resold (bought from 2009, resold up to 2025), 98% sold for more than they were bought for, with a median gain of 36% over a median 4.2-year hold (URA caveats, before stamp duty, agent fees and interest). Its gross rental yield is about 2.7%. Past resale results don't predict future returns, and this is not financial advice.
Is Nova 48 an EC?⌄
No. Nova 48 is a private apartment development, not an executive condominium (EC).
Who is the developer of Nova 48?⌄
Nova 48 was developed by ROXY HOMES PTE LTD.
What is the price of a condo at Nova 48?⌄
Units at Nova 48 have recently sold for around S$1.62M (S$1,709 psf), the median of the last 12 URA caveats to Oct 2025. The price depends on size, floor and facing. 8 units are listed for sale from S$2.38M to S$3.39M.
Where is Nova 48 located?⌄
Nova 48 is at 10 Prome Road, Singapore 328316, in Novena (District 12). The nearest MRT station is Novena MRT, about 780 m away.
How many units are there in Nova 48?⌄
Nova 48 has 48 units in 2 blocks.
How much do I need to earn to buy at Nova 48?⌄
For a unit around S$1.62M as a first home, you'd need roughly S$11,857/mo in income (assessed at the stress-test rate), with repayments near S$5,455/mo after a S$405k (25%) downpayment and S$50,590 Buyer's Stamp Duty.
Are prices at Nova 48 going up?⌄
The median price per square foot at Nova 48 has risen about 76% between 2010 and 2025, based on URA caveats. The year-by-year figures are in the price-trend table above.
Which primary schools are within 1 km of Nova 48?⌄
St. Joseph's Institution Junior is within 1 km of Nova 48. Homes within 1 km of a primary school get priority in Primary 1 (P1) registration.