The Spinnaker
The Spinnaker is a freehold apartment in District 11 (Novena) that obtained TOP in 1999, with 36 units across 1 block. Across 81 transactions on record, units have recently transacted around S$2.10M (S$1,556 psf, ~1,302 sqft). There are 5 units for sale from S$2.80M to S$4.35M.
What are the key facts about The Spinnaker?
The Spinnaker is a freehold apartment in District 11 (Novena) that obtained TOP in 1999, with 36 units across 1 block.
- Tenure
- Freehold
- TOP / Completion
- 1999
- Developer
- PALMIRA PTE LTD (LIANG COURT HOLDINGS LTD) & ESQUIRE PROPERTIES PTE LTD
- Total units
- 36
- Blocks
- 1
- District / Area
- District 11 (Novena)
- Market segment
- CCR
- Median PSF
- S$1,556 psf
- Last transacted
- Jul 2025
- Remaining lease
- Freehold
What is the price and PSF at The Spinnaker?
Units have recently transacted around S$2.10M (S$1,556 psf), at a gross rental yield of about 2.0% (URA caveat data).
Recent median price
S$2.10M
recent · 81 sales on record
Median PSF
S$1,556 psf
recent transactions
Median rent (monthly)
S$3,558
204 rentals on record
Gross rental yield
2.0%
indicative, gross
Units currently for sale are asking a median of S$1,906 psf — about 22% above the most recent transacted PSF.
Source: URA caveat data, through Jul 2025.
What has recently sold at The Spinnaker?
The Spinnaker has 81 recorded sales; the most recent transacted at S$2,600,000 in Jul 2025 (URA caveat data).
| Date | Price | Size (sqft) | PSF |
|---|---|---|---|
| Jul 2025 | S$2,600,000 | 1,378 | S$1,887 psf |
| Mar 2025 | S$2,380,000 | 1,313 | S$1,812 psf |
| Mar 2022 | S$2,100,000 | 1,281 | S$1,639 psf |
| Mar 2022 | S$2,230,000 | 1,270 | S$1,756 psf |
| Dec 2021 | S$3,550,000 | 2,282 | S$1,556 psf |
| Aug 2021 | S$2,150,000 | 1,302 | S$1,651 psf |
| Dec 2020 | S$2,180,000 | 1,346 | S$1,620 psf |
| Oct 2020 | S$1,960,000 | 1,270 | S$1,543 psf |
| Oct 2019 | S$1,900,000 | 1,302 | S$1,459 psf |
| Oct 2019 | S$1,900,000 | 1,335 | S$1,424 psf |
| Nov 2017 | S$1,760,000 | 1,270 | S$1,386 psf |
| Nov 2017 | S$1,765,000 | 1,302 | S$1,355 psf |
81 sales and 204 rentals on record since Feb 1999. Source: URA.
Are prices at The Spinnaker rising?
The median transacted PSF at The Spinnaker has risen 41% over the past 13 years (2012–2025), from S$1,286 psf to S$1,812 psf (URA caveats).
| Year | Median PSF | Median price | Sales | YoY |
|---|---|---|---|---|
| 2025 | S$1,812 psf | S$2.38M | 2 | +10.6% |
| 2022 | S$1,639 psf | S$2.10M | 2 | +5.3% |
| 2021 | S$1,556 psf | S$2.15M | 2 | +0.8% |
| 2020 | S$1,543 psf | S$1.96M | 2 | +8.4% |
| 2019 | S$1,424 psf | S$1.90M | 2 | +4.2% |
| 2017 | S$1,366 psf | S$1.76M | 3 | +36.6% |
| 2016 | S$1,000 psf | S$1.72M | 2 | -19.6% |
| 2015 | S$1,244 psf | S$1.70M | 2 | -6.8% |
| 2013 | S$1,335 psf | S$1.71M | 2 | +3.8% |
| 2012 | S$1,286 psf | S$1.69M | 3 | — |
Yearly median transacted PSF and price; years with at least 2 recorded sales. Source: URA caveat data.
How many property agents are active around The Spinnaker?
5,862 CEA-registered agents closed at least one recorded deal in District 11 — where The Spinnaker 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 The Spinnaker?
The Spinnaker has 5 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 | 1 | S$4.35M–S$4.35M | — |
| 3-bedroom | 3 | S$2.80M–S$4.35M | — |
| 4-bedroom | 1 | S$4.35M–S$4.35M | S$1,906 psf |
Where is The Spinnaker and what's nearby?
The Spinnaker is located in Novena, in the Central Region of Singapore.
The Spinnaker is a freehold apartment completed in 1999. It was developed by PALMIRA PTE LTD (LIANG COURT HOLDINGS LTD) & ESQUIRE PROPERTIES PTE LTD. The development has 36 residential units. It sits on a land area of 1,731 sqm and has a gross floor area of 4,847 sqm. The plot ratio is 2.8.
THE SPINNAKER is located at 13 Suffolk Road, Singapore 307788. 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 Newton MRT, approximately 697m away, around 11 minutes on foot. Nearby amenities include United Square for shopping, COLD STORAGE SINGAPORE (1983) PTE LTD for groceries, Newton Food Centre for food options, and Hooper Rd Pg for greenery and recreation. Facilities in the development include Barbeque Area, Playground, Swimming pool, and Tennis courts.
Who built The Spinnaker and how big is the development?
The Spinnaker was developed by PALMIRA PTE LTD (LIANG COURT HOLDINGS LTD) & ESQUIRE PROPERTIES PTE LTD, with 36 units.
- Developer
- PALMIRA PTE LTD (LIANG COURT HOLDINGS LTD) & ESQUIRE PROPERTIES PTE LTD
- Blocks
- 1
- Land area
- 1,731 sqm (18,632 sqft)
- Gross floor area
- 4,847 sqm (52,173 sqft)
- Plot ratio
- 2.80
How far is The Spinnaker from MRT and schools?
The nearest MRT/LRT to The Spinnaker is Newton MRT, about 697 m away (~11 min walk). 3 schools are within 1 km, including 3 primary schools.
Getting around
- Newton MRT697 m · ~11 min
- Novena MRT706 m · ~11 min
- Little India MRT943 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 priority443 m
- Anglo-Chinese School (Junior)Primary schoolwithin 1 km · P1 priority626 m
- Farrer Park Primary SchoolPrimary schoolwithin 1 km · P1 priority778 m
- Anglo-Chinese School (Primary)Primary school1.0 km
- Anglo-Chinese School (Barker Road)Secondary school1.1 km
- St. Margaret's School (Primary)Primary school1.2 km
- Northlight SchoolSecondary school1.4 km
- Catholic Junior CollegeJunior college1.5 km
Shops, food & parks
Straight-line distances from the development. Source: PropKaki amenities data.
What facilities does The Spinnaker have?
The Spinnaker has 4 facilities, including Barbeque Area, Playground, Swimming pool, Tennis courts.
What does it cost to own a unit at The Spinnaker?
Buying a unit at The Spinnaker (~S$2.10M) needs about S$15,373/mo in income and S$7,072/mo in repayments, after S$74,600 stamp duty and a S$525k downpayment.
Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$2.10M) 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$74,600
BSD, tiered
Downpayment (25%)
S$525k
cash + CPF
Monthly instalment
S$7,072/mo
30y @ 3.5%
Income required
S$15,373/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 The Spinnaker? Ask before you commit.
A fair-value read, recent comps and what a unit really costs — from The Spinnaker's own transactions.
PropKakiRecent units at The Spinnaker sold close to their fair value — solid, no obvious overpay.
Frequently asked questions about The Spinnaker
How much does a unit at The Spinnaker cost?⌄
Units at The Spinnaker have recently transacted around S$2.10M (S$1,556 psf), from 81 sales on record (URA caveats). The exact price depends on size, floor and facing.
How much do I need to earn to buy at The Spinnaker?⌄
For a unit around S$2.10M as a first home, you'd need roughly S$15,373/mo in income (assessed at the stress-test rate), with repayments near S$7,072/mo after a S$525k (25%) downpayment and S$74,600 Buyer's Stamp Duty.
Is The Spinnaker a good investment?⌄
Gross rental yield is about 2.0%, and current asking prices sit about 22% above the most recent transacted PSF; median PSF has risen about 41% since 2012. 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 The Spinnaker going up?⌄
The median transacted PSF at The Spinnaker has risen about 41% between 2012 and 2025, based on URA caveats. Year-by-year figures are in the price-trend table above.
Is The Spinnaker freehold or leasehold?⌄
The Spinnaker is freehold — ownership does not expire.
When was The Spinnaker built and who developed it?⌄
The Spinnaker obtained TOP in 1999, developed by PALMIRA PTE LTD (LIANG COURT HOLDINGS LTD) & ESQUIRE PROPERTIES PTE LTD, with 36 units across 1 block.
How many units are for sale at The Spinnaker?⌄
There are 5 units for sale at The Spinnaker, from S$2.80M to S$4.35M.
What is the nearest MRT to The Spinnaker?⌄
The nearest MRT/LRT station to The Spinnaker is Newton MRT, about 697 m away (~11 min walk).
Which primary schools are within 1 km of The Spinnaker?⌄
St. Joseph's Institution Junior, Anglo-Chinese School (Junior), Farrer Park Primary School are within 1 km of The Spinnaker — homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.