Projects
IKIGAI
D11 / Watten Estate, Novena, Thomson
Address 38 SHREWSBURY ROAD IKIGAI SINGAPORE 307818
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Apartment, Non-Landed Properties 22 transactions Freehold Updated Dec 2025
Property image pending
Project read
Quick summary about IKIGAI
Ikigai is a freehold apartment, non-landed properties in D11 / Watten Estate, Novena, Thomson. Ikigai currently has 6 rental contracts and 16 sale transactions, covering Mar 2022 to Dec 2025.
- Typical rent is $3,750 per month, with bedroom and floor-area splits below for a closer unit-level view.
- Typical sale price is $2,220,000, with median sale PSF at $2,274 psf and total recorded sale value of $34.3M.
- Rent is up 11.4% over the last 3 months. Sale PSF is down 14.2% over the last 3 months.
Project facts
Project-level details from URA records and local enrichment.
Tenure Freehold
Property type Apartment, Non-Landed Properties
Sale records 14 new sale transactions, 2 resale transactions
Total sold value $34.3M
Data coverage
URA records on this page start Mar 2022 and run through Dec 2025.
Rental contracts 6 Sept 2024 to Apr 2025
Sale transactions 16 Mar 2022 to Dec 2025
Rent trend 11.4% Last 3 months
Sale PSF trend -14.2% Last 3 months
Location
Nearest transport, schools and daily conveniences around the project.
Project MRT School Amenities
Nearby
Approximate distance from the project. Walking, driving and transit routes may differ.
Closest MRT
NOVENA MRT STATION (NS20) 0.49 km away
FARRER PARK MRT STATION (NE8) 0.95 km away
FARRER PARK MRT STATION 0.97 km away
Schools nearby
FARRER PARK PRIMARY SCHOOL 0.72 km away
ANGLO-CHINESE SCHOOL (PRIMARY) 1.31 km away
CAMBERLEY INTERNATIONAL PRE-SCHOOL PRIVATE LIMITED 1.34 km away
ST. MARGARET'S SCHOOL (PRIMARY) 1.57 km away
Amenities
BENDEMEER SHOPPING MALL Mall / retail · 1.7 km away
FAIRPRICE FINEST THE CENTREPOINT Daily needs · 2 km away
WHAMPOA PARK CONNECTOR Park / green link · 1.18 km away
ENVIRONMENT BUILDING HAWKER CENTRE Food centre · 1.45 km away
Market trends
Recent rent, sale PSF and contract activity for this project.
Latest median rent $3,700 6 rental contracts in view
Latest median sale PSF $1,983 psf 14 sale transactions in view
Month Rent contracts Median rent Sale transactions Median sale PSF Median sale
Dec 2025 0 - 1 $1,983 psf $3,800,000
Oct 2025 0 - 1 $1,972 psf $2,950,000
Apr 2025 1 $3,700 0 - -
Mar 2025 2 $3,900 0 - -
Feb 2025 1 $6,000 0 - -
Nov 2024 1 $3,500 0 - -
Sept 2024 1 $3,500 0 - -
May 2024 0 - 1 $2,314 psf $3,635,800
Jan 2024 0 - 2 $2,323 psf $2,525,000
Sept 2023 0 - 1 $2,271 psf $2,200,000
May 2023 0 - 1 $2,312 psf $2,240,000
Apr 2023 0 - 1 $2,330 psf $1,480,000
Similar projects nearby
Same district, ranked by similar rent, sale PSF and transaction depth.
Freehold LINCOLN SUITES 0.5 km away 468 transactions
- Median rent
- $3,800
- Median sale PSF
- $2,260 psf
- Median rent
- $3,400
- Median sale PSF
- $2,258 psf
- Median rent
- $3,800
- Median sale PSF
- $2,117 psf
- Median rent
- $3,400
- Median sale PSF
- $2,148 psf
- Median rent
- $3,900
- Median sale PSF
- $2,091 psf
- Median rent
- $4,300
- Median sale PSF
- $2,232 psf
Rent by bedrooms
Monthly rent by recorded bedroom count.
Bedrooms Median rent Average rent Transactions
Unknown $3,750 $4,083 6
Rent by floor area
Monthly rent by recorded URA floor area band.
Area band Median rent Average rent Transactions
600 to 700 sqft $3,700 $3,700 5
1,000 to 1,100 sqft $6,000 $6,000 1
Sale price by floor
Median sale price and PSF by recorded floor band.
Floor band Median sale Median PSF Transactions
01 to 05 $2,220,000 $2,274 psf 16
Latest transactions
Most recent URA rental contracts and sale transactions for this project.
Rentals
Sales
How to use this data
Practical guidance for renters, buyers and sellers. This is not a valuation, it is a starting point for comparing real transactions.
Rent negotiation
If you are renting
IKIGAI shows a typical monthly rent of $3,750 across 6 rental contracts. Use that as the first anchor, then check the bedroom and floor-area bands before accepting an asking rent.
Median rent $3,750
Rental contracts 6
Rent signal Thin
- If the asking rent is above the median, look for a clear reason such as larger size, newer condition, furnishings or a better stack.
- If it is below the median, check whether the unit is smaller, older, lower floor or has a shorter lease term.
Offer check
If you are buying
Recent sales at IKIGAI point to a typical sale price of $2,220,000 and $2,274 psf. Treat those as the first comparable range, then adjust for floor, size, condition and tenure.
Median sale $2,220,000
Median PSF $2,274 psf
Sale signal Moderate
- Compare the unit against the sale by floor table before deciding whether a premium makes sense.
- Freehold should be part of the buying decision, especially when comparing against newer leasehold or nearby freehold projects.
Listing position
If you are selling
For sellers, the cleanest starting point is the project median PSF, then the latest sales and nearby project comps. IKIGAI has 16 sale transactions in this dataset, so pricing should be checked against actual recent contracts before listing.
Sale signal Moderate
Total sold value $34.3M
Latest update Dec 2025
- Use the latest sales table to avoid anchoring to stale prices when the most recent month moved differently.
- If you want to price above recent PSF, the listing needs a visible reason such as renovation, view, layout, floor or scarcity.
District context
Use D11 to compare IKIGAI against the wider area.
About this data
How to read the rental and sale figures on this page.
Rental figures come from recorded URA private residential rental contracts. Rent is shown as monthly rent.
Sale figures come from recorded private residential sale transactions. PSF and total selling value are shown where sale records include the needed fields.
Rental floor level is not available from this source, so rental analysis is split by bedroom count and floor area band.
Sale floor band is available for many sale transactions, so sale prices can be grouped by recorded floor band.
IKIGAI FAQ
Quick answers for renters, buyers and owners comparing this project.
What is the typical rent at IKIGAI?
Based on the URA rental records currently loaded for IKIGAI, the median monthly rent is $3,750 across 6 rental contracts.
What is the typical sale price at IKIGAI?
The median sale price for IKIGAI is $2,220,000, based on 16 URA sale transactions in the local dataset.
What is the median sale PSF at IKIGAI?
The median sale price per square foot for IKIGAI is $2,274 psf. The average sale PSF is $2,231 psf.
Is IKIGAI freehold or leasehold?
IKIGAI is listed as Freehold. Tenure is tied to the project and is most relevant when reviewing sale transactions.
Where is IKIGAI located?
IKIGAI is located at 38 SHREWSBURY ROAD IKIGAI SINGAPORE 307818 in D11 / Watten Estate, Novena, Thomson.
How current is the IKIGAI transaction data?
The URA records on this page start from Mar 2022 and run through Dec 2025. The page is rebuilt after local data refresh runs.