The Tier
The Tier is a freehold apartment in District 12 (Novena) that obtained TOP in 2011, with 48 units across 1 block. Across 85 transactions on record, units have recently transacted around S$828k (S$1,538 psf, ~538 sqft). There are 7 units for sale from S$875k to S$1.18M.
What are the key facts about The Tier?
The Tier is a freehold apartment in District 12 (Novena) that obtained TOP in 2011, with 48 units across 1 block.
- Tenure
- Freehold
- TOP / Completion
- 2011
- Developer
- KAIWATT DEVELOPMENT PTE LTD
- Total units
- 48
- Blocks
- 1
- District / Area
- District 12 (Novena)
- Market segment
- RCR
- Median PSF
- S$1,538 psf
- Last transacted
- May 2026
- Remaining lease
- Freehold
What is the price and PSF at The Tier?
Units have recently transacted around S$828k (S$1,538 psf), at a gross rental yield of about 3.4% (URA caveat data).
Recent median price
S$828k
recent · 85 sales on record
Median PSF
S$1,538 psf
recent transactions
Median rent (monthly)
S$2,378
393 rentals on record
Gross rental yield
3.4%
indicative, gross
Units currently for sale are asking a median of S$1,796 psf — about 17% above the most recent transacted PSF.
Source: URA caveat data, through May 2026.
What has recently sold at The Tier?
The Tier has 85 recorded sales; the most recent transacted at S$870,000 in May 2026 (URA caveat data).
| Date | Price | Size (sqft) | PSF |
|---|---|---|---|
| May 2026 | S$870,000 | 549 | S$1,585 psf |
| Sept 2025 | S$860,000 | 538 | S$1,598 psf |
| May 2025 | S$750,000 | 495 | S$1,515 psf |
| Feb 2025 | S$850,000 | 549 | S$1,548 psf |
| Sept 2024 | S$812,088 | 549 | S$1,479 psf |
| Mar 2023 | S$750,000 | 495 | S$1,515 psf |
| Sept 2022 | S$828,000 | 538 | S$1,538 psf |
| Jun 2022 | S$828,000 | 538 | S$1,538 psf |
| May 2022 | S$905,000 | 549 | S$1,649 psf |
| Apr 2022 | S$828,000 | 538 | S$1,538 psf |
| Dec 2021 | S$939,900 | 646 | S$1,455 psf |
| Dec 2021 | S$870,000 | 538 | S$1,616 psf |
85 sales and 393 rentals on record since Dec 2009. Source: URA.
Are prices at The Tier rising?
The median transacted PSF at The Tier has risen 20% over the past 16 years (2009–2025), from S$1,291 psf to S$1,548 psf (URA caveats).
| Year | Median PSF | Median price | Sales | YoY |
|---|---|---|---|---|
| 2025 | S$1,548 psf | S$850k | 3 | +0.7% |
| 2022 | S$1,538 psf | S$828k | 4 | +1.6% |
| 2021 | S$1,514 psf | S$820k | 7 | +11.9% |
| 2016 | S$1,353 psf | S$670k | 2 | -4.2% |
| 2014 | S$1,412 psf | S$760k | 4 | -10.9% |
| 2013 | S$1,585 psf | S$840k | 5 | +8.6% |
| 2012 | S$1,459 psf | S$750k | 4 | +3.8% |
| 2011 | S$1,405 psf | S$781k | 7 | +14.6% |
| 2010 | S$1,226 psf | S$642k | 41 | -5.0% |
| 2009 | S$1,291 psf | S$695k | 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 Tier?
6,316 CEA-registered agents closed at least one recorded deal in District 12 — where The Tier 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 The Tier?
The Tier has 7 units listed for sale, spanning 1–2-bedroom layouts.
Based on units currently listed for sale.
| Bedrooms | For sale | Price range | Median PSF |
|---|---|---|---|
| 1-bedroom | 4 | S$875k–S$900k | — |
| 2-bedroom | 3 | S$1.18M–S$1.18M | S$1,796 psf |
Where is The Tier and what's nearby?
The Tier is located in Novena, in the Central Region of Singapore.
The Tier is a freehold apartment completed in 2011. It was developed by KAIWATT DEVELOPMENT PTE LTD. The development has 48 residential units. It sits on a land area of 814 sqm and has a gross floor area of 2,308 sqm. The plot ratio is 2.8.
THE TIER is located at 28 Pegu Road, Singapore 328373. 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 850m away, around 13 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 Pek Kio Park for greenery and recreation. Facilities in the development include Barbeque Area, Gymnasium room, Jacuzzi, and Swimming pool.
Who built The Tier and how big is the development?
The Tier was developed by KAIWATT DEVELOPMENT PTE LTD, with 48 units.
- Developer
- KAIWATT DEVELOPMENT PTE LTD
- Blocks
- 1
- Land area
- 814 sqm (8,762 sqft)
- Gross floor area
- 2,308 sqm (24,843 sqft)
- Plot ratio
- 2.80
How far is The Tier from MRT and schools?
The nearest MRT/LRT to The Tier is Novena MRT, about 850 m away (~13 min walk). 3 schools are within 1 km, including 2 primary schools.
Getting around
- Novena MRT850 m · ~13 min
Schools nearby
Homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.
- Northlight SchoolSecondary schoolwithin 1 km684 m
- Hong Wen SchoolPrimary schoolwithin 1 km · P1 priority748 m
- St. Joseph's Institution JuniorPrimary schoolwithin 1 km · P1 priority842 m
- Bendemeer Secondary SchoolSecondary school1.1 km
- Farrer Park Primary SchoolPrimary school1.2 km
- Chij Secondary (Toa Payoh)Secondary school1.4 km
- Chij Primary (Toa Payoh)Primary school1.5 km
- Bendemeer Primary SchoolPrimary school1.6 km
Shops, food & parks
Straight-line distances from the development. Source: PropKaki amenities data.
What facilities does The Tier have?
The Tier has 4 facilities, including Barbeque Area, Gymnasium room, Jacuzzi, Swimming pool.
What does it cost to own a unit at The Tier?
Buying a unit at The Tier (~S$828k) needs about S$6,061/mo in income and S$2,789/mo in repayments, after S$19,440 stamp duty and a S$207k downpayment.
Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$828k) 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$19,440
BSD, tiered
Downpayment (25%)
S$207k
cash + CPF
Monthly instalment
S$2,789/mo
30y @ 3.5%
Income required
S$6,061/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 Tier? Ask before you commit.
A fair-value read, recent comps and what a unit really costs — from The Tier's own transactions.
PropKakiRecent units at The Tier sold close to their fair value — solid, no obvious overpay.
Frequently asked questions about The Tier
How much does a unit at The Tier cost?⌄
Units at The Tier have recently transacted around S$828k (S$1,538 psf), from 85 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 Tier?⌄
For a unit around S$828k as a first home, you'd need roughly S$6,061/mo in income (assessed at the stress-test rate), with repayments near S$2,789/mo after a S$207k (25%) downpayment and S$19,440 Buyer's Stamp Duty.
Is The Tier a good investment?⌄
Gross rental yield is about 3.4%, and current asking prices sit about 17% above the most recent transacted PSF; median PSF has risen about 20% since 2009. 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 Tier going up?⌄
The median transacted PSF at The Tier has risen about 20% between 2009 and 2025, based on URA caveats. Year-by-year figures are in the price-trend table above.
Is The Tier freehold or leasehold?⌄
The Tier is freehold — ownership does not expire.
When was The Tier built and who developed it?⌄
The Tier obtained TOP in 2011, developed by KAIWATT DEVELOPMENT PTE LTD, with 48 units across 1 block.
How many units are for sale at The Tier?⌄
There are 7 units for sale at The Tier, from S$875k to S$1.18M.
What is the nearest MRT to The Tier?⌄
The nearest MRT/LRT station to The Tier is Novena MRT, about 850 m away (~13 min walk).
Which primary schools are within 1 km of The Tier?⌄
Hong Wen School, St. Joseph's Institution Junior are within 1 km of The Tier — homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.