RPS · Resale Project Scorecard
Novena Lodge — Grade B
RPS score 6.41/10 · D11 · Newton, Novena · 66 units · scored across 7 weighted factors — methodology published.
FH · Novena Development Pte Ltd · TOP 1999
Solid, middle-of-the-pack project. Standout strengths: tenure, schools. Key weaknesses: total returns, project size.
Factor breakdown
- Project's Historical Performance25% weight
- 7/10
- Primary School Effect20% weight
- 8/10
- Project Size16% weight
- 3/10
- MRT Proximity13% weight
- 8/10
- Rental Yield10% weight
- 3/10
- Tenure10% weight
- 10/10
- Future Transformation6% weight
- 4/10
Avg Ann. of +3.80% — near-median performance within its 1999-era cohort (66th percentile).
3 primary schools within 1km (nearest: ST. JOSEPH'S INSTITUTION JUNIOR at 0.82km). Strong school proximity — a genuine advantage for young families.
66 units — very small project; niche product with thin resale market.
0.46km from Novena Mrt Stn (NS20) — short walk to MRT, good transport convenience.
Rental yield of 2.61% — 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 1.23km, far enough that the impact on this project is modest.
Primary schools within 1km: ST. Joseph's Institution Junior, Anglo-Chinese School (Primary), CHIJ Primary (TOA Payoh).
RPSResale Project Scorecard
Scored either side of Novena Lodge in Newton, Novena
The projects immediately above and below it on the Resale Project Scorecard — the comparison a buyer is usually actually making.