Overview & Key Facts
IKIGAI is a freehold condominium at SHREWSBURY ROAD in District 11 (CCR), developed by , comprising 16 units, completed in 2022.
Location & Connectivity
IKIGAI is approximately 480m from Novena MRT station, with 6 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Novena | North-South Line | 480m |
| Farrer Park | North-East Line | 970m |
| Newton | North-South Line | 1.1 km |
| Newton | Downtown Line | 1.1 km |
| Little India | North-East Line | 1.3 km |
| Little India | Downtown Line | 1.3 km |
Schools & Education
21 schools within 2 km (3 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| CHIJ Our Lady Queen of Peace | Primary | 200m |
| St. Margaret's Secondary School | Secondary | 630m |
| St. Margaret's Primary School | Primary | 680m |
| Farrer Park Primary School | Primary | 1.1 km |
| Singapore Chinese Girls' School (Primary) | Primary | 1.3 km |
| Anglo-Chinese School (Primary) | Primary | 1.4 km |
| St. Joseph's Institution | Secondary | 1.4 km |
| LASALLE College of the Arts | Tertiary | 1.4 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 7 | $2,227 psf | $1,383,787 |
| 3 BR | 6 | $2,307 psf | $2,371,651 |
| 4 BR | 2 | $2,143 psf | $3,292,900 |
| 5+ BR | 1 | $1,983 psf | $3,800,000 |
Market Position
IKIGAI has recorded 16 sales at an average price of $2,143,889.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2022 | 5 | $2,211 psf | — |
| 2023 | 6 | $2,288 psf | ↑ 3.5% |
| 2024 | 3 | $2,320 psf | ↑ 1.4% |
| 2025 | 1 | $1,972 psf | ↓ 15.0% |
| 2026 | 1 | $1,983 psf | ↑ 0.6% |
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From the 2024 high, IKIGAI prices have given back 14.5% — still 10.3% below the 2022 baseline. The most recent period recovered 0.6%, so the pullback may be finding a floor.
Price Index Check
The ShiokNest Price Index for District 11 reads 121.2 as of June 2026 — up 1.7% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| PULLMAN RESIDENCES NEWTON | Freehold | $3,074 psf | 288 |
| WATTEN HOUSE | Freehold | $3,236 psf | 180 |
| SOLEIL @ SINARAN | 99 yrs lease commencing from 2006 | $1,979 psf | 96 |
| PEAK RESIDENCE | Freehold | $2,489 psf | 90 |
| AMARYLLIS VILLE | 99 yrs lease commencing from 1997 | $1,909 psf | 74 |
What Could Work Against You
- With just 2 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- The 16-unit size cuts both ways: exclusivity, but thinner resale liquidity and higher per-unit maintenance contributions than larger estates.
Best suited for
Who This Actually Suits
The profile fits families with young children, mrt-walkable commuters, yield-focused investors and long-term hold (10+ yr) best. Family-suitable layout and CCR (Core Central Region) location with established school catchments nearby.
foreign / absd-aware buyers should treat this as a shortlist candidate, not a default choice.
Verdict
IKIGAI is a freehold development in District 11 (CCR), with 16 units, offering a gross yield of 2.3%.
At ~$1,978 psf, it reflects its premium CCR positioning.
Explore the full IKIGAI dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing IKIGAI against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (200m away), an upgrader gap of about $1,250,000
- Central Area — 4-room average $1,088,814 (1.1 km away), an upgrader gap of about $1,050,000
- Toa Payoh — 4-room average $929,793 (1.4 km away), an upgrader gap of about $1,200,000
FAQ
What is the average PSF for IKIGAI?
Is IKIGAI freehold?
What is the rental yield for IKIGAI?
Which MRT is nearest to IKIGAI?
Sources & Next Steps
- IKIGAI Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 11 (Watten Estate, Novena, Thomson) — District 11 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 16 transactions
- Rental data: 7 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jan 2026 · 16 records analysed · Source: URA private-sale caveats