FreeholdRCRDistrict 12 (Novena)

Spring Mansion

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

Spring Mansion is a freehold apartment in District 12 (Novena) that obtained TOP in 1983, with 6 units. Across 14 transactions on record, units have recently transacted around S$418k (S$428 psf, ~1,130 sqft).

1

What are the key facts about Spring Mansion?

Key Takeaway

Spring Mansion is a freehold apartment in District 12 (Novena) that obtained TOP in 1983, with 6 units.

Tenure
Freehold
TOP / Completion
1983
Developer
Total units
6
Blocks
District / Area
District 12 (Novena)
Market segment
RCR
Median PSF
S$428 psf
Last transacted
Jul 2007
Remaining lease
Freehold
2

What is the price and PSF at Spring Mansion?

Key Takeaway

Units have recently transacted around S$418k (S$428 psf), at a gross rental yield of about 4.0% (URA caveat data).

Recent median price

S$418k

recent · 14 sales on record

Median PSF

S$428 psf

recent transactions

Median rent (monthly)

S$1,400

31 rentals on record

Gross rental yield

4.0%

indicative, gross

Source: URA caveat data, through Jul 2007.

3

What has recently sold at Spring Mansion?

Key Takeaway

Spring Mansion has 14 recorded sales; the most recent transacted at S$662,000 in Jul 2007 (URA caveat data).

DatePriceSize (sqft)PSF
Jul 2007S$662,0001,130S$586 psf
Jul 2007S$560,000958S$585 psf
May 2007S$500,0001,130S$442 psf
Feb 2007S$455,0001,130S$403 psf
Nov 2005S$383,0001,130S$339 psf
Mar 2003S$355,000958S$371 psf
Sept 2002S$500,0001,130S$442 psf
Mar 2002S$400,0001,130S$354 psf
Jul 1999S$410,000958S$428 psf
Dec 1998S$338,000958S$353 psf
Jan 1998S$418,000958S$436 psf
Jul 1996S$603,0001,130S$534 psf

14 sales and 31 rentals on record since Feb 1996. Source: URA.

4

Are prices at Spring Mansion rising?

Key Takeaway

The median transacted PSF at Spring Mansion has fallen 17% over the past 11 years (19962007), from S$535 psf to S$442 psf (URA caveats).

YearMedian PSFMedian priceSalesYoY
2007S$442 psfS$500k4+24.9%
2002S$354 psfS$400k2+0.3%
1998S$353 psfS$338k2-34.0%
1996S$535 psfS$550k3

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 Spring Mansion?

Key Takeaway

6,316 CEA-registered agents closed at least one recorded deal in District 12 — where Spring Mansion 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.

6

Where is Spring Mansion and what's nearby?

Key Takeaway

Spring Mansion is located in Novena, in the Central Region of Singapore.

Spring Mansion is a freehold apartment completed in 1983. The development has 6 residential units. It sits on a land area of 488 sqm and has a gross floor area of 1,463 sqm. The plot ratio is 3.0.

SPRING MANSION is located at 578B Balestier Road, Singapore 329889. 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 711m away, around 11 minutes on foot. Nearby amenities include Square 2 for shopping, NTUC Fairprice Co-operative Ltd for groceries, and Novena Rise Pk for greenery and recreation. Facilities in the development include Main entrance.

7

Who built Spring Mansion and how big is the development?

Key Takeaway

Spring Mansion was developed by , with 6 units.

Land area
488 sqm (5,253 sqft)
Gross floor area
1,463 sqm (15,748 sqft)
Plot ratio
3.00
8

How far is Spring Mansion from MRT and schools?

Key Takeaway

The nearest MRT/LRT to Spring Mansion is Novena MRT, about 711 m away (~11 min walk). 3 schools are within 1 km, including 1 primary school.

Getting around

Schools nearby

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

  • Chij Secondary (Toa Payoh)Secondary schoolwithin 1 km627 m
  • Chij Primary (Toa Payoh)Primary schoolwithin 1 km · P1 priority684 m
  • Catholic Junior CollegeJunior collegewithin 1 km976 m
  • St. Joseph's Institution JuniorPrimary school1.0 km
  • Anglo-Chinese School (Barker Road)Secondary school1.2 km
  • Kheng Cheng SchoolPrimary school1.2 km
  • Anglo-Chinese School (Primary)Primary school1.3 km
  • Marymount Convent SchoolPrimary school1.6 km

Shops, food & parks

Mall: Square 2 · 685 mSupermarket: NTUC Fairprice Co-operative Ltd · 332 mPark: Novena Rise Pk · 256 m

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

9

What facilities does Spring Mansion have?

Key Takeaway

Spring Mansion has 1 facility, including Main entrance.

Main entrance
10

What does it cost to own a unit at Spring Mansion?

Key Takeaway

Buying a unit at Spring Mansion (~S$418k) needs about S$3,060/mo in income and S$1,408/mo in repayments, after S$7,140 stamp duty and a S$105k downpayment.

Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$418k) 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$7,140

BSD, tiered

Downpayment (25%)

S$105k

cash + CPF

Monthly instalment

S$1,408/mo

30y @ 3.5%

Income required

S$3,060/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 Spring Mansion? Ask before you commit.

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

PropKaki
Is Spring Mansion a good buy, and what are units selling for?

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

Ask anything about Singapore property…
11

Frequently asked questions about Spring Mansion

How much does a unit at Spring Mansion cost?

Units at Spring Mansion have recently transacted around S$418k (S$428 psf), from 14 sales on record (URA caveats). The exact price depends on size, floor and facing.

How much do I need to earn to buy at Spring Mansion?

For a unit around S$418k as a first home, you'd need roughly S$3,060/mo in income (assessed at the stress-test rate), with repayments near S$1,408/mo after a S$105k (25%) downpayment and S$7,140 Buyer's Stamp Duty.

Is Spring Mansion a good investment?

Gross rental yield is about 4.0%; median PSF has fallen about 17% since 1996. 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 Spring Mansion going up?

The median transacted PSF at Spring Mansion has fallen about 17% between 1996 and 2007, based on URA caveats. Year-by-year figures are in the price-trend table above.

Is Spring Mansion freehold or leasehold?

Spring Mansion is freehold — ownership does not expire.

When was Spring Mansion built and who developed it?

Spring Mansion obtained TOP in 1983, with 6 units.

What is the nearest MRT to Spring Mansion?

The nearest MRT/LRT station to Spring Mansion is Novena MRT, about 711 m away (~11 min walk).

Which primary schools are within 1 km of Spring Mansion?

Chij Primary (Toa Payoh) is within 1 km of Spring Mansion — homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.

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