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IKIGAI

Listed by Winnie Lim Hui Nee, Associate Division Director — CEA R061623D (Huttons Asia Pte. Ltd, L3008899K)

Last updated: 4 May 2026

Ownership Type

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🏙️ Ikigai – Boutique Freehold Living Inspired by Japanese Minimalism


Ikigai is an exclusive freehold residential development located at 38 Shrewsbury Road, nestled in Singapore's prime District 11. Developed by Opulent Development Pte. Ltd., a subsidiary of Prime Developments, this boutique condominium draws inspiration from the Japanese philosophy of "ikigai," emphasizing purpose, simplicity, and harmony.


🏗️ Project Overview

Developer: Opulent Development Pte. Ltd.

Tenure: Freehold

Expected TOP: May 2026

Total Units: 16

Blocks: 1 block of 5 storeys

Architect: ipli Architects

Site Area: Approximately 1,028.1 sqm / 11,065.44 sqft

Facilities: Swimming pool, gym, kids' pool, pavilion, outdoor shower, 13 carpark lots (including 1 accessible lot with EV charging)



📍 Location & Connectivity

Address: 38 Shrewsbury Road, Singapore 307818

MRT Access: Approximately a 7-minute walk to Novena MRT Station (NS20) on the North-South Line

Nearby Amenities:

Shopping & Dining: Velocity @ Novena Square, United Square, Square 2

Education: St. Joseph’s Institution Junior, Anglo-Chinese School (Junior), EtonHouse Pre-School Newton

Healthcare: Novena Medical Hub, Tan Tock Seng Hospital


🏢 Design & Architecture

Ikigai's design philosophy marries Japanese "wabi-sabi" aesthetics with Scandinavian "hygge" principles, focusing on simplicity, functionality, and natural materials. The development features a minimalist façade with charred wood textures and muted color palettes, creating a serene living environment. Large windows and open layouts maximize natural light and ventilation, fostering a sense of tranquility and connection with nature.

Factsheet about Property

Name:
IKIGAI
Developer:
Opulent Development Pte Ltd
Type:
Condo
Total Units:
16
Location:
38 Shrewsbury Rd, Singapore 307818
Tenure:
N/A
Title:
IKIGAI

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Schools Nearby

✅ 1. Preschools / Kindergartens near Ikigai

EtonHouse International Preschool @ Newton (~500m)

White Lodge Preschool & Childcare @ Novena (~700m)

MindChamps Preschool @ Zhongshan Park (~800m)

St. James’ Church Kindergarten (Leedon or Harding campuses) (~3.0km)

Kinderland Preschool @ Ministry of Home Affairs (~1.1km)

Superland Pre-School @ United Square (~750m)


✅ 2. Primary Schools (within 2km)

St. Joseph's Institution Junior (SJI Junior) (~500m)

Anglo-Chinese School (Junior) (~850m)

CHIJ Primary (Toa Payoh) (~1.4km)

Farrer Park Primary School (~1.7km)

St. Margaret’s Primary School (~2.0km)


✅ 3. Secondary Schools

Anglo-Chinese School (Barker Road) (~1.4km)

Balestier Hill Secondary (Merged; former site nearby)

St. Joseph’s Institution (SJI Secondary) (~1.8km)

School of the Arts (SOTA) (~2.7km)

Raffles Girls’ School (Secondary) (~3.2km)


✅ 4. Tertiary Institutions

Catholic Junior College (CJC) (~2.1km)

Singapore Management University (SMU) (~3.5km)

LASALLE College of the Arts (~3.8km)

NAFA (Nanyang Academy of Fine Arts) (~3.6km)

National University of Singapore (Bukit Timah Campus) (~5.0km)


✅ 5. International Schools

San Yu Adventist School (~950m) – Private Christian school with international students

Stamford American International School (Woodleigh Campus) (~3.8km)

Chatsworth International School (Orchard Campus) (~4.0km)

Insworld Institute (Kallang) (~3.1km) – British curriculum

Global Indian International School (Balestier Campus) (~1.9km)


✅ 6. Enrichment & Learning Centres (Novena / Newton / Toa Payoh)

The Learning Lab @ United Square (~750m)

Kumon @ United Square (~750m)

Lorna Whiston Schools @ United Square (~750m)

Heguru Education @ United Square (~750m)

Berries World (Mandarin Enrichment) @ Goldhill Plaza (~500m)

Julia Gabriel @ Forum (~3.5km)

Mind Stretcher @ Toa Payoh / Novena (~1.2km)


✅ Conclusion:

Ikigai at Shrewsbury Road sits in the heart of the Novena-Newton educational belt, surrounded by elite primary schools, renowned enrichment hubs, and international schools. It's a fantastic location for families who value education, with SJI Junior, ACS, and top enrichment centres like The Learning Lab and Berries all within walking distance.

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Frequently asked about IKIGAI

Quick answers about the development, tenure, pricing, viewing, and how we work with buyers.

IKIGAI is located, at 38 Shrewsbury Rd, Singapore 307818, in District 11 (Newton / Novena) of Singapore.
IKIGAI is a freehold development. Owners hold the property and the land beneath it in perpetuity, with no fixed lease term.
IKIGAI has received its Temporary Occupation Permit (TOP) and is ready for move-in. Units are available for immediate occupancy.
IKIGAI is developed by Opulent Development Pte Ltd, the appointed Singapore developer responsible for the project's design, construction, and sales.
IKIGAI comprises 16 residential units across the development.
Indicative prices at IKIGAI start from S$4.29M. Final prices are confirmed at booking and vary by unit type, floor, and view; contact us via the enquiry form for the latest unit-by-unit price list.
The showflat for IKIGAI is reserved for registered viewers. Sign up via the enquiry form on this page and we'll send you the Google Maps location, viewing times, and direct contact for VIP showflat access. Walk-ins without an appointment are typically not permitted.
Yes. Tap the Compare Property button on this page to place IKIGAI side-by-side with up to three other developments. The comparison covers price, unit sizes, tenure, developer, and TOP.
Developer-issued discounts at IKIGAI change with each phase of release. Speak with our licensed agent via the enquiry form on this page for the latest discount structure, early-bird pricing, and any stamp duty subsidies on offer.
All new launch transactions in Singapore are routed through CEA-licensed salespersons. AI Property represents buyers in negotiation with the developer of IKIGAI. To engage us, email hello@aiproperty.sg with your NRIC (front and back), contact number, email address, and the unit number you're interested in.
Submit your contact details via the registration form on this page and our agent will arrange a personalised VIP viewing of IKIGAI. VIP viewings cover the showflat, available units, floor plans, and developer pricing not yet public.
Available floor plans, schematics, unit mix breakdowns, and the project factsheet for IKIGAI are published on this page as soon as they're released by the developer. Sign up for project updates and you'll be notified the moment new materials go live.
For Singapore citizens and PRs buying a private residential property like IKIGAI, the standard minimum down payment under the 75% loan-to-value (LTV) limit is 25% of the purchase price. The first 5% is paid in cash at booking when the developer issues the Option to Purchase (OTP). The remaining 20% is payable when the OTP is exercised, sourced from cash and/or CPF Ordinary Account. Foreigners follow the same 25% down payment structure but cannot use CPF. Speak to our licensed agent for an individual TDSR calculation.
ABSD on a private residential purchase in Singapore including IKIGAI is 0% for a Singapore citizen's first property, 20% for a citizen's second, and 30% for a third or more. PRs pay 5% on their first property and 30% on their second. Foreigners pay 60% on any property. ABSD remission is available for couples where one spouse is a Singapore citizen, subject to conditions including selling existing properties within 6 months. Final rates are set by IRAS at the time of purchase.
BSD on IKIGAI is calculated on a tiered sliding scale set by IRAS: 1% on the first S$180,000, 2% on the next S$180,000, 3% on the next S$640,000, 4% on the next S$500,000, 5% on the next S$1.5M, and 6% on the amount above S$3M. BSD is payable to IRAS within 14 days of signing the purchase contract. Any Additional Buyer's Stamp Duty (ABSD) is on top of BSD, not instead of it.
To book a unit at IKIGAI: (1) Register your interest via the enquiry form on this page. (2) Our agent sends the latest price list, floor plans, and unit availability. (3) Confirm your selection and submit the 5% Option Fee (cheque or PayNow). (4) The developer issues the Option to Purchase (OTP), with the Sale & Purchase Agreement typically delivered within 14 days. (5) Exercise the OTP within roughly 3 weeks of receiving the S&PA by paying the remaining 20% (balance of the 25% down payment) and signing the agreement. The full process from booking to S&PA signing usually takes 3 to 6 weeks.
Monthly maintenance fees at IKIGAI are payable to the Management Corporation Strata Title (MCST) once the development is completed. Across Singapore, mass-market new launches typically fall between S$300 and S$800 per month for a 3-bedroom unit, while luxury developments with extensive facilities (concierge, multiple pools, sky lounges) frequently exceed S$1,500 per month. Exact fees depend on unit share value, development size, and facility scope. The first year's contribution is usually paid in advance at completion. Our agent provides the exact MCST budget for IKIGAI once the developer publishes it.
Yes. For IKIGAI, eligible Singapore citizens and PRs can fund the purchase with a combination of cash, CPF Ordinary Account (OA) funds, and a bank loan, subject to the Total Debt Servicing Ratio (TDSR) cap of 55% of gross monthly income. The standard split is 5% cash + 20% CPF or cash for the down payment, with the remaining 75% via a bank loan. MAS allows a maximum private-property loan tenure of 35 years, but tenures over 30 years (or that extend past age 65) face reduced LTV limits. Foreigners cannot use CPF and must rely on cash plus a bank loan.
Buying IKIGAI as a new launch differs from a resale condo purchase in three main ways. First, payment is progressive: instead of paying the full price upfront, payments are staged (5%, 20%, then construction-milestone instalments). Second, new launches ship with the developer's full fittings, warranty, and current building specifications. Third, while Buyer's Stamp Duty and ABSD apply identically to both, new launches give early-bird buyers access to preferred units, floors, and views at the official launch price. Resale condos move faster (immediate possession) but lack the construction-period payment flexibility.