Nova 48 rent and sale price
D12 / Balestier, Toa Payoh, Serangoon
Address 10 Prome Road Nova 48 Singapore 328318
Open map
Apartment, Non-Landed Properties 72 transactions Freehold Latest records Jun 2026
Similar projects nearby
Project read
Quick summary about Nova 48
Nova 48 is a freehold apartment in D12 / Balestier, Toa Payoh, Serangoon. The page currently tracks 62 rentals and 10 sales.
- Typical rent is $4,400 per month, with bedroom and floor-area splits below for a closer unit-level view.
- Typical sale price is $1,655,000, with median sale PSF at $1,725 psf and total recorded sale value of $17.0M.
- Rent is down 5.4% over the last 3 months. Sale PSF is up 0.7% over the last 3 months.
Nova 48 Market Position
How this project compares with the wider D12 market before you read the detailed tables.
Rent vs D12 +25.7%
Rents above district median
Nova 48's median rent is $4,400 compared with the D12 median of $3,500. Use this as the district-level check before narrowing by bedroom and area band.
Sale PSF vs D12 -2.5%
Sale PSF near district median
Nova 48's median sale PSF is $1,725 psf versus the D12 median of $1,769 psf. A premium should be explained by tenure, condition, floor, view or scarcity.
Rent support 3.19%
Rent support above district screen
Gross yield is roughly 3.19% versus a D12 screen of 2.56%. Treat this as a first-pass rent support signal before costs, vacancy and financing.
Rent stability 59.3% spread
Rent is uneven
Recent median rents vary a lot, usually because unit mix differs month to month.
Market activity +71.4%
Activity is rising
12 recent transactions versus 7 in the prior 6-month view.
Tenure lens Freehold
Freehold comparison needed
Freehold matters most on sale price. Compare Nova 48 against nearby projects with similar tenure before treating a PSF gap as cheap or expensive.
Nova 48 Decision Snapshot
Fast checks for rent fairness, purchase pricing, stable rent and transaction activity before you dig into the tables.
Median rent $4,400
Is the asking rent fair?
$4,200 to $4,600 is the first fair-rent band to check. Above $4,600 should have a visible reason.
Median sale PSF $1,725 psf
Is the purchase price fair?
$1,610,000 to $1,700,000 and $1,670 to $1,780 psf are the first sale checks before adjusting for floor, size, view and condition.
3 bed rent $4,500
Are similar units renting for more?
3 bed and 1,000 to 1,100 sqft give the closest unit-size checks.
Rent stability 59.3% spread
Is rent stable here?
Rent is uneven. Recent median rents vary a lot, usually because unit mix differs month to month.
Transaction volume +71.4%
Is activity rising?
Activity is rising. 12 recent transactions versus 7 in the prior 6-month view.
Run Nova 48 numbers
Use the typical rent and sale price from this project page as a starting point, then adjust the calculator assumptions.
Rental yield $4,400/mo Test gross and net yield against typical rent. Buy vs rent $1.7M Compare ownership cost against renting. Mortgage $1.7M Estimate monthly payment from the sale price. Stamp duty $1,725 psf Estimate buyer stamp duty before offer math. Purchase timeline Offer steps Map the option fee, exercise date, stamp duty and completion.
Nova 48 Project Facts
Project-level details from URA records and local enrichment.
Tenure Freehold
Property type Apartment, Non-Landed Properties
Sales 10 resale transactions
Total sold value $17.0M
Nova 48 Data Coverage
Use this to judge whether the project has enough rent, sale and recent transaction depth for a confident comparison.
Rentals 62 Jun 2021 to Apr 2026
Sale transactions 10 Aug 2022 to Oct 2025
Rent trend -5.4% Last 3 months
Sale PSF trend 0.7% Last 3 months
Nova 48 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) 0.78 km away
TOA PAYOH MRT STATION (NS19) 0.86 km away
FARRER PARK MRT STATION 1.46 km away
Schools nearby
SAINT JOSEPH'S INSTITUTION INTERNATIONAL ELEMENTARY SCHOOL 1.31 km away
BENDEMEER SECONDARY SCHOOL 1.32 km away
FARRER PARK PRIMARY SCHOOL 1.42 km away
ANGLO-CHINESE SCHOOL (PRIMARY) 1.67 km away
Amenities
BENDEMEER SHOPPING MALL Mall / retail · 1.67 km away
FAIRPRICE FINEST THE CENTREPOINT Daily needs · 2.8 km away
WHAMPOA PARK CONNECTOR Park / green link · 0.53 km away
HAWKER CENTRE (BLK 75 TOA PAYOH LORONG 5) Food centre · 1.29 km away
Nova 48 Rent and Sale PSF Trends
Recent rent, sale PSF and contract activity for this project.
Latest median rent $5,000 26 rentals in view
Latest median sale PSF $1,730 psf 3 sales in view
Month Rent contracts Median rent Sale transactions Median sale PSF Median sale
Apr 2026 3 $5,000 0 - -
Feb 2026 1 $3,000 0 - -
Jan 2026 1 $4,400 0 - -
Nov 2025 1 $4,600 0 - -
Oct 2025 1 $5,700 1 $1,730 psf $1,490,000
Sept 2025 3 $4,650 1 $1,806 psf $2,080,000
Aug 2025 1 $4,600 0 - -
Jul 2025 1 $3,800 0 - -
Jun 2025 1 $4,500 0 - -
Apr 2025 2 $5,050 0 - -
Mar 2025 1 $4,000 0 - -
Feb 2025 1 $3,000 0 - -
Projects Similar to Nova 48
Same district, ranked by similar rent, sale PSF and transaction depth.
99-year leasehold from 2008 Trevista 1.5 km away 706 transactions
- Median rent
- $4,500
- Median sale PSF
- $1,687 psf
- Median rent
- $3,500
- Median sale PSF
- $1,684 psf
- Median rent
- $4,500
- Median sale PSF
- $1,620 psf
- Median rent
- $4,200
- Median sale PSF
- $1,858 psf
- Median rent
- $4,650
- Median sale PSF
- $1,962 psf
- Median rent
- $3,800
- Median sale PSF
- $1,874 psf
Nova 48 Rent by Bedrooms
Monthly rent by recorded bedroom count.
Bedrooms Median rent Average rent Transactions
1 bed $3,000 $2,814 7
2 bed $3,800 $4,043 7
3 bed $4,500 $4,521 48
Nova 48 Rent by Size
Monthly rent by recorded URA floor area band.
Area band Median rent Average rent Transactions
600 to 700 sqft $3,000 $2,814 7
800 to 900 sqft $3,800 $4,043 7
900 to 1,000 sqft $4,250 $4,136 14
1,000 to 1,100 sqft $4,600 $4,479 17
1,100 to 1,200 sqft $4,600 $4,417 6
1,200 to 1,300 sqft $5,600 $5,244 9
1,400 to 1,500 sqft $4,625 $4,625 2
Nova 48 Sale PSF by Floor
Median sale price and PSF by recorded floor band.
Floor band Median sale Median PSF Transactions
01 to 05 $1,680,000 $1,719 psf 5
06 to 10 $1,720,000 $1,725 psf 4
11 to 15 $1,619,800 $1,730 psf 1
Nova 48 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
Nova 48 shows a typical monthly rent of $4,400 across 62 rentals. Use that as the first anchor, then check the bedroom and floor-area bands before accepting an asking rent.
Median rent $4,400
Rentals 62
Rent signal Strong
- 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
Recent sales at Nova 48 point to a typical sale price of $1,655,000 and $1,725 psf. Treat those as the first comparable range, then adjust for floor, size, condition and tenure.
Median sale $1,655,000
Median PSF $1,725 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. Nova 48 has 10 sales on this page, so pricing should be checked against actual recent contracts before listing.
Sale signal Moderate
Total sold value $17.0M
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.
District context
Use D12 to compare Nova 48 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.
Nova 48 FAQ
Quick answers for renters, buyers and owners comparing this project.
What is the typical rent at Nova 48?
Nova 48 has a median monthly rent of $4,400 across 62 rentals.
What is the typical sale price at Nova 48?
The median sale price for Nova 48 is $1,655,000, based on 10 sales on this page.
What is the median sale PSF at Nova 48?
The median sale price per square foot for Nova 48 is $1,725 psf. The average sale PSF is $1,708 psf.
Is Nova 48 freehold or leasehold?
Nova 48 is listed as Freehold. Tenure is tied to the project and is most relevant when reviewing sale transactions.
Where is Nova 48 located?
Nova 48 is located at 10 Prome Road Nova 48 Singapore 328318 in D12 / Balestier, Toa Payoh, Serangoon.
How current is the Nova 48 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.