Pinnacle 16

Pinnacle 16 is a freehold apartment completed in 2006. It is developed by SB (NOVENA) DEVELOPMENT PTE LTD. The development occupies a land area of 1,894 sqm and a Gross Floor Area of 5,303 sqm. It consists of 73 units. According to records, buyers of this development are Singaporean 77.8%, PR 14.4%, Foreigner 6.5%, Company 1.3%.

PINNACLE 16 is located along Shan Road in Novena, in District 12. It is accessible through the nearest MRTs including Novena NS20 and Toa Payoh NS19.

Based on transaction data in the last 12 months, sale prices range from S$ 1,181 psf to S$ 1,695 psf at an average of S$ 1,438 psf. Its highest recorded transaction was S$ 1,695 psf in Oct 2023 for a 581-sqft unit. Its lowest recorded transaction was S$ 558 psf in Aug 2004 for a 1,173-sqft unit. Its current rental yield is at 4.8%. Other nearby amenities include: 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, CAVEMEN PTE. LTD., L M MEAT PTE. LTD., and 3 Shopping Mall(s): Balestier Road, BALESTIER HILL SHOPPING CENTRE, SQUARE 2.

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.