The Verve

Overview

Unit Info

Sales

Rental

Surrounding

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Overview

Unit Info

Sales

Rental

Surrounding

More

  1
 0
 0

Sale Price *

Average
S$ 1,276 psf
Range
S$ 915 - 1,654 psf

Rental Price **

Average
S$ 5.6 psf pm
Range
S$ 3.6 - 7.8 psf pm

Rental Yield **

5.3%

Rental income expressed as a percentage of the property's value.

Amenities

3.6
3.6

Convenience

3.7
3.7

Connectivity

Details

No data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
0 Facilities Available
Description
The Verve is a freehold apartment, condominium completed in 2012. It is developed by ASCEND LAND PTE LTD and designed by PLACE ARCHITECTS AND DESIGN. The development occupies a land area of 1,853 sqm and a Gross Floor Area of 5,189 sqm. It consists of 106 units. According to records, buyers of this development are Singaporean 76.2%, PR 12.6%, Foreigner 11.2%, Company 0.0%.

THE VERVE is located along Jalan Rajah in Novena, in District 12. It is accessible through the nearest MRTs including Toa Payoh NS19 and Novena NS20.

Based on transaction data in the last 12 months, sale prices range from S$ 915 psf to S$ 1,654 psf at an average of S$ 1,276 psf. Its highest recorded transaction was S$ 1,733 psf in Jun 2012 for a 441-sqft unit. Its lowest recorded transaction was S$ 606 psf in Feb 2010 for a 1,485-sqft unit. Its current rental yield is at 5.3%. Other nearby amenities include: 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD, CAVEMEN PTE. LTD., and 3 Shopping Mall(s): BALESTIER PLAZA, COURTS TOA PAYOH, Balestier Road.

Buyers and tenants are attracted to District 12, which is comprised of Serangoon, Toa Payoh and Balestier, a combination of areas that has historically quaint townships. Toa Payoh New Town, built by the Housing Development Board (HDB), represents Singapore’s second satellite city after Queenstown. Serangoon is well-served by two MRT lines, including the Circle Line station completed in 2010. Serangoon is also home to Nex, one of the largest shopping malls in the North-East Region of Singapore. Nex is integrated with a bus interchange, and houses a cinema and a public library. As one of Singapore's oldest housing estates, Toa Payoh has benefitted from the government's rejuvenation efforts. It has evolved into a vibrant neighbourhood centreed around HDB Hub, which has both shopping and dining facilities, as well as an air-conditioned bus interchange. Other amenities are Toa Payoh Stadium, Toa Payoh Sports Hall and Toa Payoh Swimming Complex. The Toa Payoh Stadium can sit 3,500 people, and has hosted S.League club games.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.
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What they say
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4
"Nice"
A*** J***
Google Review     |   14 Jun 2022
2
"Poor finishing. Weird design. The main entrance was so small that we even thought it is back door when driving in. Kinda wasted such a good location. Overall whole project feels like those motels suitable for airbnb rather than own stay or invest. Wall pic below is of corridor wall. Super small gym though of relatively nice view."
H***
Google Review     |   10 Jan 2021
5
"Under 10 minutes from the city and a great neighbourhood"
A******* L*****
Google Review     |   13 Jan 2020
1
"Very poor security service. Yesterday I rode a grab to get home and at the front gate the security wont open the gate. It was clear that the security was at the post and the car was in front of the gate but he did not open."
M****** D****
Google Review     |   17 Nov 2019
5
"Nice view from the pool"
T*** Y**
Google Review     |   04 Jul 2019
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Nearby Amenities
Source: URA,  www.edgeprop.sg
All Nearby Amenities

Within 500m

TransportTransport
SchoolSchool
Eat & ShopEat & Shop
OthersOthers
Floor Plans
23
2
2

THE VERVE - 23 - 2 - 2

Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
Unit Mix

Sales Transaction of THE VERVE (Limited to 10)

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Date
Area(sqft)
Bedrooms
Price(S$ psf)
Price (S$)
Type of Sale
Address
Type of Area
Purchaser Address
Source

Asking Price of THE VERVE

Source: URA, https://www.edgeprop.sg

Listed On
Days in Market
Property Type
Bedrooms
Floor Area
Price (S$)
PSF (S$)
Agent NameAgent Mobile
Link
0 asking price for sale selected

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No data
Rental Transactions of THE VERVE

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
Historical Quarterly Rental

Price Comparison with Nearby Properties (UP to 10)

(Within 1000 meters)

Note: *Based on URA Sales data in the last 12 months. **Based on URA Rental data in the last 12 months.

Marker
Project Name
Tenure
Completion Date
Distance (m)
Min Price* (S$ psf)
AVG Price* (S$ psf)
Max Price* (S$ psf)
Min Rental** (S$ psf pm)
AVG Rental** (S$ psf pm)
Max Rental** (S$ psf pm)
Rental Yield** (%)

Nearby Land Sales

StatusStreet NameLocationLand AttributesEstimated Breakeven
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Listings

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thumb-images
10
$1,980,000
  • 34% Rental Volume

  • 2 beds
  • 2 baths
  • Condominium
  • D12
  • 2012
  • Freehold
  • S$ 1,400 psf
  • Jalan Rajah
Frederick Foo
send_enquiry
thumb-images
10
$899,000
  • 34% Rental Volume

  • 1 bed
  • 1 bath
  • Condominium
  • D12
  • 2012
  • Freehold
  • S$ 1,440 psf
  • Jalan Rajah
JUDE TEEM YOK CHAI
send_enquiry
thumb-images
7
$1,200,000
  • 34% Rental Volume

  • 2 beds
  • 2 baths
  • Condominium
  • D12
  • 2012
  • Freehold
  • S$ 1,510 psf
  • Jalan Rajah
Terence Ng
send_enquiry
thumb-images
10
$750,000
  • 34% Rental Volume

  • 1 bed
  • 1 bath
  • Condominium
  • D12
  • 2012
  • Freehold
  • S$ 1,700 psf
  • Jalan Rajah
Sherry Ng
send_enquiry

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Property News

Two-bedder at The Verve on the market for $1.15 mil

Property News

BELOW $1 MILLION: Freehold apartment in Balestier

FAQs about THE VERVE

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