RPS · Resale Project Scorecard
Ikigai — Grade B
RPS score 5.56/10 · D11 · Newton, Novena · 16 units · scored across 7 weighted factors — methodology published.
FH · OPULENT DEVELOPMENT PTE LTD · TOP 2024
Solid, middle-of-the-pack project. Standout strengths: tenure, MRT access. Key weaknesses: future transformation, project size.
Factor breakdown
- Project's Historical Performance25% weight
- 4/10
- Primary School Effect20% weight
- 7/10
- Project Size16% weight
- 3/10
- MRT Proximity13% weight
- 8/10
- Rental Yield10% weight
- 4/10
- Tenure10% weight
- 10/10
- Future Transformation6% weight
- 4/10
Avg Ann. of +0.00% — below-median performance vs same-vintage peers (34th percentile of 2024-era cohort).
2 primary schools within 1km (nearest: ST. JOSEPH'S INSTITUTION JUNIOR at 0.20km). Strong school proximity — a genuine advantage for young families.
16 units — very small project; niche product with thin resale market.
0.49km from Novena Mrt Stn (NS20) — short walk to MRT, good transport convenience.
Rental yield of 3.15% — below-average income return.
Freehold tenure — no lease decay concerns, preserves long-term value.
Limited future-catalyst exposure — nearest is Newton–Orchard mixed-use precinct at 1.18km, far enough that the impact on this project is modest.
Primary schools within 1km: ST. Joseph's Institution Junior, Farrer PARK Primary School.
RPSResale Project Scorecard
Scored either side of Ikigai in Newton, Novena
The projects immediately above and below it on the Resale Project Scorecard — the comparison a buyer is usually actually making.