Home › Condos › ELEGANCE VIEW

ELEGANCE VIEW

Irrawaddy Road · D12 Novena
ApartmentFreehold
—
median $psf
—
median rent · psf/mo
—
gross rental yield
—
highest floor
24
total units
1984
TOP / completion
55
/ 100
HomeVestor Investor Score
Best for: Capital growth + Family demand
Watch out for: Small project, Thin transactions, Limited rental data
Data confidence: Low · overall risk: Moderate
Yield—
Cashflow—
Liquidity0
Growth90
Family75
How is this worked out? — the five sub-scores
Yield
Gross rental yield, scored across a 2.0–4.5% band.
Cashflow
Estimated net monthly cash at 75% LTV and today’s floating rate, rented out.
Liquidity
Project size plus sales & rental volume — how easily you could exit.
Growth
URA growth-node, MRT proximity and recent price momentum.
Family
A popular (oversubscribed) primary school within 1 km.
Overall
The average of the five sub-scores (each 0–100, higher = better).
Risk flags
Small project — 24 units, thinner resale & rental liquidity · Thin transactions — 0 sales in 12 months, so the price signal is noisy · Limited rental data — 0 rental contracts, so the yield estimate is soft
Note: risk flags are screening signals from the data — not confirmed defects; check each against the actual unit, title & MCST.
A screening heuristic — not financial advice; verify every figure and your own budget before transacting.
Investor verdict

Elegance View is a freehold project in D12 Novena with limited yield data, thin liquidity and strong school demand (St. Joseph's Institution Junior within 1 km). It sits in a URA growth node (Kallang).

Best suited for
  • Capital growth buyers
  • Family demand buyers
Less suited for
  • pure rental-yield investors
Key due-diligence
  • Confirm the exact unit stack, facing and floor — our figures are project medians.
  • Stress-test cashflow at +1–2% interest in the calculator below.
  • Verify the school 1 km boundary & current MOE rules — priority is not a guarantee.

Investment report

A plain-language read on Elegance View — genuine strengths, honest risks, an independent fair-value range and a Buy / Watch / Avoid position, all from the data above.

Growth-corridorFamily-demandLiquidity-thinsignals — how they're defined
Why this may work
  • In the Kallang URA growth precinct — a corridor earmarked for new jobs, transport and amenities.
  • Oversubscribed primary school (St. Joseph's Institution Junior) within 1 km — a durable family-demand anchor.
  • Novena MRT Station MRT within ~89 m — walkable transit underpins rent and resale.
  • Freehold — no lease decay, so strong long-horizon holding power.
Why this may fail / what to watch
  • Thin liquidity (0 sales/12 mo · 24-unit project) — a slower, choppier exit and a softer price signal.
  • Check nearby new-launch & upcoming TOP supply — a fresh project within walking distance can cap rents and resale for a few years.
Signals screened from the data — strengths and risks, not confirmed facts. For educational purposes only — not financial advice.

Fair-value range

Several independent value bases — more informative than a single median. The combined range weights the project-specific bases most.

D12 district-comparablemedian $psf of all projects in the district$1,494 psf
HomeVestor fair range$1,419–$1,569 psf

See the D12 comparables behind that district base on the map below — switch on “District condos by $psf” in the layers (this project vs cheaper/pricier neighbours).

How is this worked out? — the value bases & combined range
Project median
Recency-filtered median $psf of this project’s own resale caveats (ground & top-floor units excluded).
Same-size comps
Recency-weighted median $psf of caveats within ±25% of the typical unit size (6-mo full, 6–12-mo 70%, 12–24-mo 40%) — the comparable-sales method used in our Valuation tool.
District-comparable
Median $psf across all projects in the same district — a market-level sanity check (a genuinely superior project can sit above it).
Yield-supported
The $psf at which today’s median rent would return a 3.4% target gross yield for a RCR project — anchors price to rental fundamentals.
Combined range
A weighted blend (comps 28%, yield 28%, project median 22%, district 22%); the band width (±5–13%) reflects how far the independent bases disagree, so a genuinely over- or under-priced project sits outside it.
Note: a project-level estimate — a specific unit’s floor, facing and size shift its fair value. Check a specific unit’s price ›
For educational purposes only — not financial advice.

Long-run trend — project vs. market

Indexed to 100 at 2003 · 2003–2007

Long-run line = URA Private Residential Property Price Index (indexed market trend, not unit prices). Markers = actual transactions, past 5 years. Source: URA via data.gov.sg, SODL v1.0.

Zeroing in on one unit? Check if it’s fairly priced ›  ·  Work out what to offer ›

Popular schools nearby

Proximity to an oversubscribed primary school is a major driver of family demand. Being within 1 km gives the top P1 balloting priority; 1–2 km is next.

1 – 2 km
#13 Hong Wen School 1591 m

Location & neighbourhood

Tap any label below the map to show or hide that layer, or use Show / hide all. On by default: primary schools, MRT stations within 2 km (nearest highlighted), and hawker / malls / supermarkets. Off by default (tap to switch on): Secondary / JC / Poly, international schools, bus stops, healthcare and childcare.

Nearest MRT: Novena MRT Station · ~89 m. Amenities © OpenStreetMap contributors (ODbL), tiles © CARTO.

About this project

Project NameELEGANCE VIEW
Street NameIrrawaddy Road
Property TypeApartment
TenureFreehold
District / Planning AreaD12 / Novena
Completion1984
Number of units24 units
Highest floor in the project—
DeveloperRH Novena Pte Ltd (Roxy-Pacific)
Land Area (sqm)—
Master Plan Plot Ratio4.2

All transactions

No transactions recorded for this project yet.

CalculateMortgage