The Springs

The Springs is a freehold apartment completed in 2003. It is developed by BLUEFIELDS INVESTMENTS PTE LTD and designed by JGP ARCHITECTURE (S) PTE LTD. The development occupies a land area of 2,270 sqm and a Gross Floor Area of 6,357 sqm. It consists of 62 units. According to records, buyers of this development are Singaporean 66.3%, PR 13.5%, Foreigner 19.1%, Company 1.1%.

THE SPRINGS is located along Moulmein Rise in Novena, in District 11. It is accessible through the nearest MRTs including Novena NS20 and Farrer Park NE8.

Based on transaction data in the last 12 months, sale prices range from S$ 1,626 psf to S$ 1,626 psf at an average of S$ 1,626 psf. Its highest recorded transaction was S$ 1,682 psf in Sep 2021 for a 1,367-sqft unit. Its lowest recorded transaction was S$ 695 psf in Apr 2006 for a 1,367-sqft unit. Its current rental yield is at 3.0%. Other nearby amenities include: 3 Grocerie(s): L M MEAT PTE. LTD., NTUC FAIRPRICE CO-OPERATIVE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, and 3 Shopping Mall(s): Velocity @ Novena Square, Square 2, Goldhill Shopping Centre.

Buyers and tenants are attracted to District 11, which is comprised of Thomson, Watten Estate, Novena and Newton. This area is famous for a number of renowned schools, religious houses and elite residential estates. With forests and reservoirs scattered around the Thomson area, property prices here are significantly higher compared to other parts of Singapore. The Watten district next to Bukit Timah is one of the most prestigious locations for residential estates in Singapore, sharing forest and golf course greenery as well as being close to Singapore’s Central Business District. Novena is home to the Inland Revenue Authority Building and Singapore’s largest medical centre, Tan Tock Seng Hospital. Although Newton’s pace of life is relatively slow compared to neighbouring Tanglin and Orchard, its residential properties remain expensive, as it’s strategically located between Orchard Road and Bukit Timah.

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.