Rent vs D11 -26.0%
Rents below district median
Ikigai's latest 12-month median rent is $3,850 compared with the D11 median of $5,200 for the same period. Use this district check before narrowing by bedroom and area band.
Ikigai rent and sale price
D11 / Watten Estate, Novena, Thomson
Address 38 Shrewsbury Road Ikigai Singapore 307818
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Quick summary about Ikigai
Ikigai is a freehold apartment in D11 / Watten Estate, Novena, Thomson. The page currently tracks 7 rentals and 16 sales.
- Latest 12M median rent is $3,850 per month from 1 rentals. The bedroom and floor-area tables below show the full loaded history.
- Latest 12M median sale price is $3,375,000, with median sale PSF at $1,978 psf from 2 sales.
- Rent is up 10.0% over the last 3 months. Sale PSF is down 14.2% over the last 3 months.
Ikigai Market Brief
Compare the project with D11 across rent, sale PSF, tenure and transaction activity.
Compared with D11
Sale PSF vs D11 -21.2%
Sale PSF below district median
Ikigai's latest 12-month median sale PSF is $1,978 psf versus the D11 median of $2,511 psf for the same period. A premium should be explained by tenure, condition, floor, view or scarcity.
Rent support 1.37%
Rent support below district screen
Gross yield is roughly 1.37% versus a D11 screen of 2.23%. Treat this as a first-pass rent support signal before costs, vacancy and financing.
Rent stability 66.2% spread
Rent is uneven
Recent median rents vary a lot, usually because unit mix differs month to month.
Market activity +0.0%
Activity is steady
Recent transaction volume is close to the prior 6-month view.
Tenure lens Freehold
Freehold comparison needed
Freehold matters most on sale price. Compare Ikigai against nearby projects with similar tenure before treating a PSF gap as cheap or expensive.
Before you decide
Latest 12M median rent $3,850
Is the asking rent fair?
$3,650 to $4,050 is the first fair-rent band to check. Above $4,050 should have a visible reason.
Latest 12M median sale PSF $1,978 psf
Is the purchase price fair?
$3,270,000 to $3,480,000 and $1,920 to $2,040 psf are the first sale checks before adjusting for floor, size, view and condition.
Unknown bedroom rent $3,750
Are similar units renting for more?
Unknown bedroom and 600 to 700 sqft give the closest unit-size checks.
Rent stability 66.2% spread
Is rent stable here?
Rent is uneven. Recent median rents vary a lot, usually because unit mix differs month to month.
Transaction volume +0.0%
Is activity rising?
Activity is steady. Recent transaction volume is close to the prior 6-month view.
Ikigai Project Facts
Project-level details from URA records and local enrichment.
Tenure Freehold
Property type Apartment, Non-Landed Properties
Sales 14 new sale transactions, 2 resale transactions
Total sold value $34.3M
Ikigai Data Coverage
Use this to judge whether the project has enough rent, sale and recent transaction depth for a confident comparison.
Rentals 7 Oct 2024 to Apr 2026
Sale transactions 16 Apr 2022 to Jan 2026
Rent trend 10.0% Last 3 months
Sale PSF trend -14.2% Last 3 months
Ikigai 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
Ikigai Rent and Sale PSF Trends
Recent rent, sale PSF and contract activity for this project.
Latest median rent $3,850 7 rentals in view
Latest median sale PSF $1,983 psf 13 sales in view
Month Rent contracts Median rent Sale transactions Median sale PSF Median sale
Apr 2026 1 $3,850 0 - -
Jan 2026 0 - 1 $1,983 psf $3,800,000
Nov 2025 0 - 1 $1,972 psf $2,950,000
May 2025 1 $3,700 0 - -
Apr 2025 2 $3,900 0 - -
Mar 2025 1 $6,000 0 - -
Dec 2024 1 $3,500 0 - -
Oct 2024 1 $3,500 0 - -
Jun 2024 0 - 1 $2,314 psf $3,635,800
Feb 2024 0 - 2 $2,323 psf $2,525,000
Oct 2023 0 - 1 $2,271 psf $2,200,000
Jun 2023 0 - 1 $2,312 psf $2,240,000
Projects Similar to Ikigai
Same district, ranked by similar rent, sale PSF and transaction depth.
Freehold Nineteen Shelford Road 4.3 km away 451 transactions
- Median rent
- $3,500
- Median sale PSF
- $1,926 psf
- Median rent
- $4,100
- Median sale PSF
- $1,915 psf
- Median rent
- $3,825
- Median sale PSF
- $2,239 psf
- Median rent
- $3,400
- Median sale PSF
- $2,148 psf
- Median rent
- $3,850
- Median sale PSF
- $2,117 psf
- Median rent
- $4,100
- Median sale PSF
- $2,745 psf
Ikigai Rent by Bedrooms
Monthly rent by recorded bedroom count.
Bedrooms Median rent Average rent Transactions
1 bed $3,850 $3,850 1
Unknown $3,750 $4,083 6
Ikigai Rent by Size
Monthly rent by recorded URA floor area band.
Area band Median rent Average rent Transactions
600 to 700 sqft $3,750 $3,725 6
1,000 to 1,100 sqft $6,000 $6,000 1
Ikigai Sale PSF 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
Ikigai Latest Transactions
Most recent URA rentals and sales 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 latest 12-month median monthly rent of $3,850 across 1 rentals. Use that as the first anchor, then check the bedroom and floor-area bands before accepting an asking rent.
Latest 12M median rent $3,850
Rentals in period 1
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
Latest 12M sales at Ikigai show a median price of $3,375,000 and $1,978 psf. Treat those as the first comparable range, then adjust for floor, size, condition and tenure.
Latest 12M median sale $3,375,000
Latest 12M median PSF $1,978 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 sales on this page, so pricing should be checked against actual recent contracts before listing.
Sale signal Moderate
Total sold value $34.3M
Latest record Apr 2026
- 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.
Run Ikigai numbers
Start with the project benchmarks, then adjust the calculator assumptions for the unit you are considering.
Rental yield $3,850/mo Test gross and net yield against typical rent. Buy vs rent $3.4M Compare ownership cost against renting. Mortgage $3.4M Estimate monthly payment from the sale price. Stamp duty $1,978 psf Estimate buyer stamp duty before offer math. Purchase timeline Offer steps Map the option fee, exercise date, stamp duty and completion.
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 URA private residential rent data. Rent is shown as monthly rent.
Sale figures come from private residential sale data. PSF and total selling value are shown where the needed fields are available.
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?
Ikigai has a latest 12-month median monthly rent of $3,850 across 1 rentals in that period.
What is the typical sale price at Ikigai?
The latest 12-month median sale price for Ikigai is $3,375,000, based on 2 sales in that period.
What is the median sale PSF at Ikigai?
The latest 12-month median sale price per square foot for Ikigai is $1,978 psf. The average for the same period is $1,978 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 project page uses the latest records currently loaded on PropertySmartSG. Treat it as research evidence and check the latest transaction rows before using it for pricing.