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 6 units for sale from S$2.38M to S$3.59M.
What are the key facts about Nova 48?
Nova 48 is a freehold apartment in District 12 (Novena) that obtained TOP in 2011, with 48 units across 2 blocks.
- Tenure
- Freehold
- TOP / Completion
- 2011
- Developer
- ROXY HOMES PTE LTD
- Total units
- 48
- Blocks
- 2
- District / Area
- District 12 (Novena)
- Market segment
- RCR
- Median PSF
- S$1,709 psf
- Last transacted
- Oct 2025
- Remaining lease
- Freehold
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$3,663
193 rentals on record
Gross rental yield
2.7%
indicative, gross
Units currently for sale are asking a median of S$2,277 psf — about 33% above the most recent transacted 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 193 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.
How many property agents are active around Nova 48?
6,316 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
6,316
District 12 · closed ≥1 deal
Deals on record
24,253
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.
What bedroom types are available at Nova 48?
Nova 48 has 6 units listed for sale, spanning 3–4-bedroom layouts.
Based on units currently listed for sale.
| Bedrooms | For sale | Price range | Median PSF |
|---|---|---|---|
| 3-bedroom | 3 | S$2.50M–S$2.50M | S$2,277 psf |
| 4-bedroom | 3 | S$2.38M–S$3.59M | — |
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.
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
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.
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
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 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
How much does a unit at Nova 48 cost?⌄
Units at Nova 48 have recently transacted around S$1.62M (S$1,709 psf), from 91 sales on record (URA caveats). The exact price depends on size, floor and facing.
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.
Is Nova 48 a good investment?⌄
Gross rental yield is about 2.7%, and current asking prices sit about 33% above the most recent transacted PSF; median PSF has risen about 76% since 2010. 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 Nova 48 going up?⌄
The median transacted PSF at Nova 48 has risen about 76% between 2010 and 2025, based on URA caveats. Year-by-year figures are in the price-trend table above.
Is Nova 48 freehold or leasehold?⌄
Nova 48 is freehold — ownership does not expire.
When was Nova 48 built and who developed it?⌄
Nova 48 obtained TOP in 2011, developed by ROXY HOMES PTE LTD, with 48 units across 2 blocks.
How many units are for sale at Nova 48?⌄
There are 6 units for sale at Nova 48, from S$2.38M to S$3.59M.
What is the nearest MRT to Nova 48?⌄
The nearest MRT/LRT station to Nova 48 is Novena MRT, about 780 m away (~12 min walk).
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 qualify for Primary 1 (P1) registration priority.