Iridium
Iridium is a freehold condominium in District 11 (Watten Estate, Novena, Thomson), within Singapore's Core Central Region (CCR). Completed in 2007, the development comprises 45 units. Sale and rental figures on this page are compiled from URA transaction records. Nearby developments in District 11 can be compared on ShiokNest's district analytics pages.
Overview & Key Facts
IRIDIUM is a freehold condominium at LINCOLN ROAD in District 11 (CCR), developed by NOVELTY PROPERTIES PTE LTD, comprising 45 units, completed in 2007.
Location & Connectivity
IRIDIUM is approximately 520m from Newton MRT station, with 6 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Newton | North-South Line | 520m |
| Newton | Downtown Line | 520m |
| Novena | North-South Line | 610m |
| Little India | North-East Line | 1.2 km |
| Little India | Downtown Line | 1.2 km |
| Farrer Park | North-East Line | 1.3 km |
Schools & Education
15 schools within 2 km (5 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| St. Margaret's Primary School | Primary | 250m |
| St. Margaret's Secondary School | Secondary | 300m |
| Singapore Chinese Girls' School (Primary) | Primary | 720m |
| Anglo-Chinese School (Primary) | Primary | 800m |
| CHIJ Our Lady Queen of Peace | Primary | 820m |
| ACS (Junior) | Primary | 1.1 km |
| St. Joseph's Institution | Secondary | 1.2 km |
| St. Anthony's Primary School | Primary | 1.2 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 2 | $1,773 psf | $1,355,000 |
| 3 BR | 10 | $1,871 psf | $2,019,300 |
| 5+ BR | 1 | $1,224 psf | $3,150,000 |
Market Position
IRIDIUM has recorded 13 sales at an average price of $2,004,077.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at IRIDIUM typically rent harder per dollar of purchase price. The final column shows monthly rent per $100,000 invested, so unit sizes compare on equal capital:
| Type | Avg Rent | Avg Price | Gross Yield | Rent per $100k |
|---|---|---|---|---|
| 2 BR | $4,259/mo | $1,355,000 | 3.77% | $314/mo |
| 3 BR | $4,568/mo | $2,019,300 | 2.71% | $226/mo |
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Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 7 | $1,756 psf | — |
| 2022 | 1 | $1,224 psf | ↓ 30.3% |
| 2023 | 2 | $2,008 psf | ↑ 64.0% |
| 2024 | 1 | $1,809 psf | ↓ 9.9% |
| 2025 | 1 | $2,158 psf | ↑ 19.3% |
| 2026 | 1 | $1,979 psf | ↓ 8.3% |
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From the 2025 high, IRIDIUM prices have given back 8.3% — still 12.7% above the 2021 baseline.
Price Index Check
The ShiokNest Price Index for District 11 reads 119.0 as of June 2026 — down 0.1% 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 1 sale in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- The 45-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 car-owning households, p1 school balloting families, long-term hold (10+ yr) and freehold / generational hold best. At ~521m from the nearest MRT, this property suits households with a car who value arterial road access over transit proximity.
For empty nesters / downsizers and foreign / absd-aware buyers, it can work — but weigh the trade-offs before committing.
yield-focused investors, short-term flippers (<5 yr) and resort facilities should probably look elsewhere. CCR (Core Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
IRIDIUM is a freehold development in District 11 (CCR), with 45 units, offering a gross yield of 2.7%.
At ~$2,069 psf, it reflects its premium CCR positioning.
Explore the full IRIDIUM dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing IRIDIUM against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (640m away), an upgrader gap of about $1,100,000
- Central Area — 4-room average $1,088,814 (1.3 km away), an upgrader gap of about $900,000
- Toa Payoh — 4-room average $929,793 (1.7 km away), an upgrader gap of about $1,050,000
FAQ
What is the average PSF for IRIDIUM?
Is IRIDIUM freehold?
What is the rental yield for IRIDIUM?
Which MRT is nearest to IRIDIUM?
Sources & Next Steps
- IRIDIUM Dashboard — Live charts and analytics
- URA — 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: 13 transactions
- Rental data: 77 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jul 2026 · 13 records analysed · Source: URA private-sale caveats