2 Shan Road 328103, Balestier, Central Region, Singapore
$1,200


















The area is served by Novena MRT station (approximately 700m - within 5 minutes’ walk). Just right above the MRT station, it sits the Velocity @ Novena Shopping Centre. And the shopping mall is well connected to its adjacent Square 2 and United Square via an underground tunnel. Hospitals and medical facilities such as Tan Tock Seng Hospital (one of the largest hospitals in Singapore), Renci Hospital and the National Neuroscience Institute (NSI) are also present within the Novena region. With the Novena Medical Centre and the soon completed Parkway Hospital, the area is going to be transformed to a world class medical hub with international standard. Within 2 minutes' walk is Zhongshan Mall (中山广场), a 2-storey retail mall with integrated hotel-cum-commercial development namely Aloft Hotels Singapore Novena. Its distinctive design has become an iconic retail landmark in the Balestier area, with a strong heritage value and distinctive old-world charm. With service partners such as NTUC Finest supermarket, 7-Eleven, Sanook Kitchen, Thai Tai 泰太, Tani Bistro, ToastBox, Subway, Food Fair Foodcourt, BreadTalk, SevenDaze, LiHO, De Pacific Dental Group, Guardian, Hockhua Tonic, Zhong Yue Therapy, Pet Lovers Centre and Eye Theory. Hair & Beauty such as QQ House, Skype Organic Hair Spa and A-Beauty Slimming. Including a Starbucks and McDonald’s located facing Zhongshan Park, catering to the young and old.
D12 - Novena
Novena MRT
1 January 1991
Small (27 units)
27 units
1 Block
Not available
Shan Gate Apartments is a freehold Condo Apartment located in Novena, District 12. Completed in 1991, it has a total of 1 blocks within the development and comprises a total of 27 units. It is within walking distance to MRT stations such as Novena MRT and Toa Payoh MRT, which provide residents easy access to other areas of Singapore. For young couples or families with children, Shan Gate Apartments is also close to schools like Zesprion School of Learning, BrainFit Studio and The Early Intervention Centre. If you're wondering about what you can do around the area, residents can head to nearby supermarkets like Scarlett Supermarket and FairPrice - Shaw Plaza for groceries and household products. Never worry about your health emergencies or regular health checkups with access to nearby clinics such as ICH. Singpost Post Box is the nearest post office where you can get your postal services done. For your leisure and entertainment, head down to the local park - Zhongshan Park, to enjoy some fresh air.
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Total Transactions
2
Average Price
S1.7M
Total Value
S3.4M
Calculating fair value from URA transaction data…
Estimated sale value based on 347 HDB resale transactions (data.gov.sg) · 23 outliers removed (IQR)
Fair Value
S$67,828
S$678 psf
Asking Price
S$1,200
S$12 psf
Listing Type
Rental
Sale value shown for reference
vs Last Done
-98.3%
Tenure
64 yrs
99-year Leasehold · Balance remaining
Confidence
High
347 comps
Nearest MRT
Novena
696m away · +2% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
347 comparable transactions
S$727
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.914
MRT Proximity
Within 500m / 1km
+2%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$678
Recent Comparable Transactions
10 shown · 347 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneMar 2026 | Blk 503 BISHAN ST 11 Floor 01 TO 03 | 1,216sqft | S$850,000 | ▲S$699 +3.1% vs FV | 99yr from 1989 |
Mar 2026 | Blk 503 BISHAN ST 11 Floor 01 TO 03 | 1,216sqft | S$850,000 | ▲S$699 +3.1% vs FV | 99yr from 1989 |
Mar 2026 | Blk 114 BISHAN ST 12 Floor 07 TO 09 | 1,119sqft | S$890,000 | ▲S$795 +17.3% vs FV | 99yr from 1986 |
Mar 2026 | Blk 263 BISHAN ST 22 Floor 10 TO 12 | 1,119sqft | S$778,000 | ▲S$695 +2.5% vs FV | 99yr from 1992 |
Feb 2026 | Blk 146 BISHAN ST 11 Floor 04 TO 06 | 904sqft | S$610,000 | ▼S$675 -0.4% vs FV | 99yr from 1987 |
Feb 2026 | Blk 148 BISHAN ST 11 Floor 07 TO 09 | 904sqft | S$665,000 | ▲S$735 +8.4% vs FV | 99yr from 1987 |
Feb 2026 | Blk 107 BISHAN ST 12 Floor 10 TO 12 | 1,119sqft | S$830,888 | ▲S$742 +9.4% vs FV | 99yr from 1985 |
Feb 2026 | Blk 106 BISHAN ST 12 Floor 04 TO 06 | 904sqft | S$608,000 | ▼S$672 -0.9% vs FV | 99yr from 1985 |
Feb 2026 | Blk 124 BISHAN ST 12 Floor 04 TO 06 | 893sqft | S$640,000 | ▲S$716 +5.6% vs FV | 99yr from 1987 |
Feb 2026 | Blk 178 BISHAN ST 13 Floor 10 TO 12 | 893sqft | S$728,000 | ▲S$815 +20.2% vs FV | 99yr from 1987 |
Feb 2026 | Blk 166 BISHAN ST 13 Floor 07 TO 09 | 904sqft | S$708,000 | ▲S$783 +15.5% vs FV | 99yr from 1987 |
Blk 503 BISHAN ST 11
Mar 2026 · Floor 01 TO 03
+3.1% vs FV
Blk 503 BISHAN ST 11
Mar 2026 · Floor 01 TO 03
+3.1% vs FV
Blk 114 BISHAN ST 12
Mar 2026 · Floor 07 TO 09
+17.3% vs FV
Blk 263 BISHAN ST 22
Mar 2026 · Floor 10 TO 12
+2.5% vs FV
Blk 146 BISHAN ST 11
Feb 2026 · Floor 04 TO 06
-0.4% vs FV
Blk 148 BISHAN ST 11
Feb 2026 · Floor 07 TO 09
+8.4% vs FV
Blk 107 BISHAN ST 12
Feb 2026 · Floor 10 TO 12
+9.4% vs FV
Blk 106 BISHAN ST 12
Feb 2026 · Floor 04 TO 06
-0.9% vs FV
Blk 124 BISHAN ST 12
Feb 2026 · Floor 04 TO 06
+5.6% vs FV
Blk 178 BISHAN ST 13
Feb 2026 · Floor 10 TO 12
+20.2% vs FV
Blk 166 BISHAN ST 13
Feb 2026 · Floor 07 TO 09
+15.5% vs FV
HELIOS AI Analysis
<p>The valuation of the 4-room HDB property located in the highly sought-after Bishan area, with a remaining lease of 64 years, stands at an estimated value of $67,828, equating to a price per square foot (PSF) of $678. This robust valuation is underpinned by strong demand dynamics in the Bishan vicinity, which is characterized by a vibrant community and excellent accessibility to amenities and public transport. Given the area's reputation and desirability, the property demonstrates stable market fundamentals.</p> <p>With a market signal indicating a 0% difference from the baseline, it reflects a balanced equilibrium between supply and demand within the local real estate landscape. The model confidence is assessed as high due to the analysis being grounded in 347 recent HDB resale transactions in the area, which provides a comprehensive dataset for comparison. This solid foundation of transactional data not only reinforces the credibility of the valuation but also indicates that the market for HDB properties in Bishan remains resilient, even amidst broader economic fluctuations.</p>
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.