Ikigai
Ikigai is a freehold condominium located in District 11 (Watten Estate, Novena, Thomson), part of the Core Central Region (CCR). Completed in 2022, the development comprises 16 units. Sale and rental figures on this page are compiled from URA transaction records.
Over the 12 months to Jan 2026, Ikigai recorded 2 resale transactions at a median $1,978 psf (median price $3,375,000), and 1 rental contract at a median $3,850/mo, a gross rental yield of 1.4%. Source: URA caveat data, as of Jan 2026.
Ikigai's median of $1,978 psf over the trailing 12 months places its pricing above roughly 82% of District 11 condos; resale liquidity has been limited with 2 caveats lodged; the 1.4% gross rental yield sits below the ~3% private-market benchmark. Figures reflect URA-registered resale caveats and exclude new-launch sales; weigh unit-specific factors — floor, facing and remaining lease — against this project-level average.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| Jan-26 | $3,800,000 | $1,983 psf | 1,916 sqft | 01 to 05 | 5BR |
| Nov-25 | $2,950,000 | $1,972 psf | 1,496 sqft | 01 to 05 | 4BR |
| Jun-24 | $3,635,800 | $2,314 psf | 1,572 sqft | 01 to 05 | 4BR |
| Feb-24 | $2,520,000 | $2,318 psf | 1,087 sqft | 01 to 05 | 3BR |
| Feb-24 | $2,530,000 | $2,327 psf | 1,087 sqft | 01 to 05 | 3BR |
| Oct-23 | $2,200,000 | $2,271 psf | 969 sqft | 01 to 05 | 3BR |
| Jun-23 | $2,240,000 | $2,312 psf | 969 sqft | 01 to 05 | 3BR |
| May-23 | $1,480,000 | $2,330 psf | 635 sqft | 01 to 05 | 1BR |
Can I afford Ikigai?
Get the monthly repayment, total interest and cash flow based on this project’s median price of $3,375,000.
En-Bloc Potential
A heuristic read of land/redevelopment fundamentals — not a prediction that a collective sale will happen. Whether one succeeds hinges on owner consent, reserve-price expectations, and market timing. Only ~1 in 10 en-bloc attempts complete, and realised premiums have averaged ~14% (owners often expect 40%+). For an ageing leasehold, weigh this against near-certain lease decay while you wait.