Ikigai

2023
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Gym-Artist's Impression
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About Ikigai

Ikigai Highlights

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Enviable location in District 11 ~ Prestigious location in Novena, a few minutes walk to Novena MRT Station with retail, healthcare and food options

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Perfect for multi-generation families ~ Comprehensive healthcare facilities such as Tan Tock Seng Hospital, Novena Specialist Centre and Ren Ci Community Hospital

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Serene environment in the Central region ~ Named after Ikigai, which refers to sense of purpose as residents get to enjoy purposeful and private living

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Key Property Details

Project Name

Ikigai

Address

38 Shrewsbury Road, Singapore 307818
Go to location widgetView on map

Nearest MRT

Novena MRT · 6 min walk

TOP date

30 Dec 2023

Tenure

Freehold

Launch Date

14 Apr 2022

Project Size

Small (16 units)

Number of Units

16

Bedrooms

1, 2, 3

District

D11

Neighbourhood

Novena

Blocks

1

Floors

05

Carpark Spaces

14

Property type

Condo Apartment

Developer

Opulent Development Pte Ltd

Architect

Ipli Architects

Buildings in Ikigai

  • 38 Shrewsbury Road307818

Facilities for Ikigai

  • Gym

    Gym

  • Parking

    Parking

  • Pavilion

    Pavilion

  • Swimming Pool

    Swimming Pool

Floor Plans

Ikigai has a total of 16 units, from 1 Bed - 1 Bath to 3 Beds - 3 Bath units. There are 7 types of floor plan from 603 sqft to 1,915 sqft

Total floor plans

7 Types

Bedroom type

1, 2, 3

Floor plans for Ikigai

All

1

2

3

Unit mix of Ikigai

Bedroom type

Price range (indicative)

Psf range (indicative)

Area range

No. of units

Floor plans

1+1 room

-

-

56 - 58 sqm 603 - 635 sqft

7

2 floorplans

2 room premium

-

-

90 sqm 969 sqft

3

1 floorplans

2+1 room

-

-

100 sqm 1,087 sqft

3

1 floorplans

3 room penthouse

-

-

138 - 145 sqm 1,496 - 1,571 sqft

2

2 floorplans

3+1 room

-

-

177 sqm 1,915 sqft

1

1 floorplans

Data is sourced from URA, the official developer brochure, and the 99.co database

Site Plans

Ikigai has 4 stacks, 1 block and up to 05 storeys.

Total blocks

1 Block

Total units

16 Units

Site plans and elevation charts for Ikigai

Ikigai Condo Site Plan in Novena by Opulent Development Pte Ltd - Photo 0

Site Map

Pricing & Transaction History

Sale transaction history for Ikigai

14 sale transactions

All

Studio

1 BR

2 BR

3 BR

4 BR

5+ BR

Date sold
Block
Unit
Beds
PSF
Area (sqft)
Price sold
06/2024
38
#05-xx
3 BR
S$ 2,314
1,571
S$ 3.636M
02/2024
38
#02-xx
2 BR
S$ 2,318
1,087
S$ 2.520M
02/2024
38
#03-xx
2 BR
S$ 2,328
1,087
S$ 2.530M
10/2023
38
#02-xx
2 BR
S$ 2,270
969
S$ 2.200M
06/2023
38
#03-xx
2 BR
S$ 2,312
969
S$ 2.240M
05/2023
38
#0x-xx
1 BR
S$ 2,331
635
S$ 1.480M
04/2023
38
#0x-xx
2 BR
S$ 2,332
969
S$ 2.260M
03/2023
38
#0x-xx
1 BR
S$ 2,243
603
S$ 1.353M
02/2023
38
#0x-xx
1 BR
S$ 2,238
635
S$ 1.421M
11/2022
38
#0x-xx
1 BR
S$ 2,277
635
S$ 1.446M
10/2022
38
#0x-xx
2 BR
S$ 2,282
1,087
S$ 2.480M
07/2022
38
#0x-xx
1 BR
S$ 2,186
636
S$ 1.390M
04/2022
38
#0x-xx
1 BR
S$ 2,120
603
S$ 1.278M
04/2022
38
#0x-xx
1 BR
S$ 2,178
603
S$ 1.313M

Source: URA, Realis and 99.co

Rent transaction history for Ikigai

5 rent transactions

All

Studio

1 BR

2 BR

3 BR

4 BR

5+ BR

Date
Beds
PSF
Area (sqft)
Price
04/2026
1 BR
S$ 6.06
600-700
S$ 3,850
05/2025
1 BR
S$ 6.14
600-700
S$ 3,700
04/2025
1 BR
S$ 6.63
600-700
S$ 4,000
04/2025
1 BR
S$ 6.30
600-700
S$ 3,800
03/2025
2 BR
S$ 5.52
1,000-1,100
S$ 6,000

Source: URA, Realis and 99.co

Payment structure & financing options

Sale price

S$

S$ 4,158

/month

Principal
S$ 2,283
Interest
S$ 1,875

Downpayment (25%)

S$ 375k

Loan amount (75%)

S$ 1.13m

Tenure (yrs)

5

35

Loan (%)

10

75

Interest (%)

0

5

Upgrade Plan

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Location

Location of Ikigai

Ikigai is located at 38 Shrewsbury Road in District 11. The nearest MRT station to Ikigai is Novena MRT.

Taxi

Public Transport

Driving

Add locations your travel to frequently to calculate travel time

Changi Airport

2 Transfers

62 mins

S$ 1.76

Raffles Place

1 Transfer

22 mins

S$ 1.17

Orchard Road

1 Transfer

17 mins

S$ 0.78

Amenities nearby Ikigai

Schools

Distance

St. Joseph's Institution Junior

3 mins (198 m)

Italian Supplementary School

6 mins (406 m)

Highq ( brand of Budding Acorns Education Centre Pte Ltd)

6 mins (417 m)

MRT Stations

Distance

Novena

7 mins (462 m)

Farrer Park

972 m

Newton

1.1 km

Supermarkets

Distance

Our Indian Grocery Store

5 mins (341 m)

#01-109 Supermarket

5 mins (344 m)

FairPrice - Cambridge Blk 43

5 mins (357 m)

Parks

Distance

Cambridge Park

7 mins (471 m)

Carlisle Oasis (Sim, Rose, Adrian, Er)

598 m

Novena Park

706 m

Property Insights

Sale price trend overtime

1M

3M

6M

1Y

5Y

10Y

No data available

Rent price trend overtime

1M

3M

6M

1Y

5Y

10Y

Last 6 months S$6.06 Avg. psf
Last 1 year S$6.06 Avg. psf

Data Source: URA, Realis and 99.co

Powered by 99.co Researcher

May 25Jun 25Jul 25Aug 25Sep 25Oct 25Nov 25Dec 25Jan 26Feb 26Mar 26Apr 26S$ 0S$ 1kS$ 2kS$ 3kS$ 4kAvg. transaction price0246810Transaction volumeTransaction volumeAvg. transaction price
Properties at Ikigai are currently on the market, priced between S$ 1.5M to S$ 1.52M. Recent sales include a latest transaction at S$ 3.64 M with the highest sale recorded at S$ 3.64 M.

The average rent is S$ 6.06 PSF over the past six months and S$ 6.06 PSF over the year. Recent rental deals include the latest at S$ 3,850, with the highest rent reaching S$ 6,000.

Nearby condo project comparison

Project
Tenure
TOP
MRT Distance
Price range (Sale)
Avg. Price (Sale)
Price range (Rent)
Avg. Price (Rent)
Rental Yield
IkigaiFreehold2023
NS 20
Walk Icon6 mins (465m)
Novena MRT
2,362.2 - 4,000 psf2,809.85 psf3,700 - 6,000 /mo4,270 /mo-
Suites @ ShrewsburyFreehold2013
NS 20
Walk Icon8 mins (599m)
Novena MRT
1,299.9 - 2,136.63 psf1,743.23 psf1,600 - 4,100 /mo2,340.12 /mo4.46%
Mulberry TreeFreehold2011
NS 20
Walk Icon5 mins (352m)
Novena MRT
1,769.17 - 1,947.37 psf1,858.27 psf3,500 - 5,500 /mo4,320 /mo4.03%
NovelisFreehold2009
NS 20
Walk Icon4 mins (284m)
Novena MRT
2,068.31 - 2,168.53 psf2,126.86 psf2,000 - 6,250 /mo3,321.43 /mo-
La NouvelleFreehold2005
NS 20
Walk Icon6 mins (415m)
Novena MRT
1,299.47 - 1,300.33 psf1,299.83 psf2,800 - 5,000 /mo3,717.65 /mo-
Apleton ViewFreehold2005
NS 20
Walk Icon4 mins (274m)
Novena MRT
2,234.14 psf2,234.14 psf1,300 - 5,800 /mo4,059.46 /mo2.53%
The SpringsFreehold2003
NS 20
Walk Icon5 mins (330m)
Novena MRT
1,829 psf1,829 psf1,300 - 2,300 /mo1,700.83 /mo2.37%
La MaisonFreehold2000
NS 20
Walk Icon5 mins (359m)
Novena MRT
1,254.4 - 1,826.07 psf1,393.98 psf2,800 - 6,800 /mo4,304.38 /mo2.54%
Moulmein StudiosFreehold1998
NS 20
Walk Icon6 mins (442m)
Novena MRT
540.01 psf540.01 psf---

About Ikigai

Ikigai is an upcoming freehold boutique condominium located at Shrewsbury Road in the highly sought-after District 11. Ikigai features a collection of 16 luxurious and spacious residences, with one to three bedrooms.

The facade of Ikigai condo at night

This prime Novena and Newton area is but a short drive from the city centre, and boasts an abundance of lifestyle amenities, dining, retail and entertainment options in the vicinity. At its enviable address, Ikigai is a blend of the leafy neighbourhoods of Thomson Road, the food and shopping gems of Newton, the historic and medical institutions in Novena, and the world-class retail destination that is the Orchard Road shopping belt.

Square 2 and a host of other malls in the vicinity of Ikigai condo

Ikigai is situated a 7-minute walk from Novena MRT Station, one stop from Newton MRT which connects the North-South Line and the Downtown Line. Novena MRT is a short ride away from the bustling city centre and the Central Business District at the heart of Singapore. The Novena neighbourhood is a hive of activity, with the integrated world-class Novena Medical Hub and malls like United Square, Velocity, and Novena Square in the vicinity. Not far from Evelyn Newton, is the vibrant Orchard Road, less than 10 minutes away.

The Novena/Newton area in which Ikigai sits is an educational hotspot, which includes a host of reputable schools like St. Joseph's Institution Junior just a 3-minute walk away, Anglo-Chinese School, Global Indian International Campus, Raffles Institution and many others.

Developer background

About the Developer of Ikigai

Opulent Development Pte Ltd

Opulent Development Pte. Ltd. is a wholly-owned subsidiary of Prime Developments Pte. Ltd.. Prime Development Pte. Ltd.‘s dedication lies in the creation of a portfolio of work that exudes artistry and beauty while making a positive impact on urban landscapes. Their diverse range of projects encompasses all scales, from small-scale designs to large-scale developments, spanning across luxury residences, commercial spaces, hotels, retail establishments, and office complexes.
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Opulent Development Pte Ltd

About the Architect of Ikigai

ipli Architects

The timeless facade of Ikigai is the brainchild of Ipli Architects. Formed in 2001, Ipli Architects seeks to be a studio that gives equal importance to the pursuit of creativity and innovation with productivity, driven by Yip Yuen Hong’s curiosity about the world and his solution-based approach to design. Through seamless integration and symbiotic use of both partner's talents and experiences, Ipli ensures every project undergoes vigorous working design explorations and detailing, pushing the boundaries of design to create meaningful living spaces. Its portfolio of previous developments includes Watten Residences, Seaview Penthouse and 7 Namly Hill and Jervois Prive. As with Ipli’s other projects, Ikigai is driven by the fundamental goal of designing for people. Reflecting the modern simplicity of Yip’s work, the minimal palette of finishes and details makes Ikigai a poignant and articulate work — an architecture that is quiet, simple, soulful and timeless.
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ipli Architects

FAQs

General FAQs

When did the Ikigai TOP?

Ikigai obtained its TOP (Temporary Occupation Permit) in 2023.

What is the address of Ikigai?

The address of Ikigai is 38 Shrewsbury Road, Singapore.

What is the tenure for Ikigai?

The tenure of Ikigai is Freehold, starting from 2023. Upon expiration, the land reverts to the state unless the lease is renewed.

How many units are there in Ikigai?

Ikigai has a total of 16 residential units with numerous bedroom configurations to choose from.

How many blocks does Ikigai have?

Ikigai has a total of 1 blocks within the development.

What is the postal code of Ikigai?

The postal code of Ikigai is 307818.

Where to get floor plans for Ikigai?

You can find the floor plan layouts and unit configurations of Ikigai in the Floor Plan section above. 

Where can I find the Ikigai Site Plan?

You can view the site plans and elevation charts for Ikigai in the Site Plan section above.

Located FAQs

What is the nearest MRT Station to Ikigai?

Ikigai is well-served by nearby MRT/LRT stations, such as Novena which is close to the development.

What are the schools nearby Ikigai?

Some of the nearest schools from Ikigai are St. Joseph's Institution Junior, St. Joseph's Institution Junior and Italian Supplementary School, providing families with quality education close to home.

Where are the bus stops near Ikigai?

Several bus stops can be found near Ikigai, such as Revival Centre Church, St. Michael's School and Cambridge Primary School which is located close to the development.

What condo facilities are available to residents of Ikigai?

Some facilities at Ikigai are available, such as Gym, Parking and Pavilion. Ensuring the lifestyle convenience of every resident. 

Price FAQs

What is the rental price of Ikigai?

The average rent at Ikigai in the past 6 months is S$ 3.85K, depending on unit size and type.

What is the price range of units in Ikigai?

The price range of units for sale in Ikigai is S$ 1,500,000 ~ S$ 10,000,000. The prices depend on size, location within the development, and the overall demand in the new launch market.

What is the average PSF for Ikigai?

The current price per square foot (PSF) at Ikigai averages around S$ 2,362 psf ~ S$ 4,000 psf, depending on the unit type, floor, and view.

Investment & Finance FAQs

How much upfront cash/CPF do I need for a S$ 1,500,000 unit at Ikigai?

At a 75% LTV, the down-payment is S$ 375,000 (25%), of which at least S$ 75,000 (5%) must be in cash; the balance can come from CPF OA savings.

What property-tax rates apply if I rent out my unit at Ikigai?

Non-owner-occupied residential property at Ikigai is taxed on a progressive scale of 12%–36% of Annual Value (AV) from 2026. Owner-occupiers enjoy lower 0%–32% rates.

Property News

Latest New Launch News

About the information on this page

The information on this page contains the latest available details about this development which is a mix of information generated by the 99.co team and facts obtained from official developer sources. This includes, and is not limited to, the official developer brochure, to bring you the most accurate information to help with your choice of condo. 

If any of the information is inaccurate, please contact us and we will amend the details as soon as possible. If you have any queries, compliments, or feedback on how we can learn to serve you better, please also feel free to reach out to us. We’re listening!

Please read our full terms and conditions on 99.co’s website or learn more about 99 Group.

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