Overview & Key Facts
THE SPINNAKER is a freehold condominium at SUFFOLK ROAD in District 11 (CCR), developed by PALMIRA PTE LTD (LIANG COURT HOLDINGS LTD) & ESQUIRE PROPERTIES PTE LTD, comprising 36 units, completed in 2000.
Location & Connectivity
THE SPINNAKER is approximately 660m from Newton MRT station, with 6 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Newton | North-South Line | 660m |
| Newton | Downtown Line | 660m |
| Novena | North-South Line | 700m |
| Little India | North-East Line | 1 km |
| Little India | Downtown Line | 1 km |
| Farrer Park | North-East Line | 1.2 km |
Schools & Education
17 schools within 2 km (5 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| St. Margaret's Primary School | Primary | 120m |
| St. Margaret's Secondary School | Secondary | 120m |
| CHIJ Our Lady Queen of Peace | Primary | 760m |
| Singapore Chinese Girls' School (Primary) | Primary | 890m |
| Anglo-Chinese School (Primary) | Primary | 970m |
| ACS (Junior) | Primary | 1.1 km |
| LASALLE College of the Arts | Tertiary | 1.3 km |
| St. Anthony's Primary School | Primary | 1.3 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 4 | $1,715 psf | $2,215,000 |
| 4 BR | 1 | $1,887 psf | $2,600,000 |
| 5+ BR | 1 | $1,556 psf | $3,550,000 |
Market Position
THE SPINNAKER has recorded 6 sales at an average price of $2,501,667.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 2 | $1,603 psf | — |
| 2022 | 2 | $1,698 psf | ↑ 5.9% |
| 2025 | 2 | $1,850 psf | ↑ 9.0% |
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THE SPINNAKER prices sit at a fresh series high after a 9.0% gain on the prior period, now 15.4% above the 2021 starting level.
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
- Only 1 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 36 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
Best suited for
Who This Actually Suits
The profile fits car-owning households, p1 school balloting families, long-term hold (10+ yr) and en-bloc speculators best. At ~657m from the nearest MRT, this property suits households with a car who value arterial road access over transit proximity.
empty nesters / downsizers, cbd walking distance and foreign / absd-aware buyers should treat this as a shortlist candidate, not a default choice.
yield-focused investors and resort facilities should probably look elsewhere. CCR (Core Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
Verdict
THE SPINNAKER is a freehold development in District 11 (CCR), with 36 units, offering a gross yield of 2.2%.
At ~$1,850 psf, it reflects its premium CCR positioning.
Explore the full THE SPINNAKER dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing THE SPINNAKER against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (520m away), an upgrader gap of about $1,600,000
- Central Area — 4-room average $1,088,814 (1.1 km away), an upgrader gap of about $1,400,000
- Toa Payoh — 4-room average $929,793 (1.8 km away), an upgrader gap of about $1,550,000
FAQ
What is the average PSF for THE SPINNAKER?
Is THE SPINNAKER freehold?
What is the rental yield for THE SPINNAKER?
Which MRT is nearest to THE SPINNAKER?
Sources & Next Steps
- THE SPINNAKER 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: 6 transactions
- Rental data: 42 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jul 2025 · 6 records analysed · Source: URA private-sale caveats