Rent vs D11 Near district
Rents near district median
Monarchy Apartments's latest 12-month median rent is $5,250 compared with the D11 median of $5,200 for the same period. Use this district check before narrowing by bedroom and area band.
Monarchy Apartments rent and sale price
D11 / Watten Estate, Novena, Thomson
Address 51 Mandalay Road Monarchy Apartments Singapore 308231
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Quick summary about Monarchy Apartments
Monarchy Apartments is a freehold apartment in D11 / Watten Estate, Novena, Thomson. The page currently tracks 42 rentals and 3 sales.
- Latest 12M median rent is $5,250 per month from 6 rentals. The bedroom and floor-area tables below show the full loaded history.
- All-time median sale price is $1,500,000, with median sale PSF at $1,290 psf from 3 sales.
- Rent is up 13.7% over the last 3 months. Sale PSF is flat over the last 3 months.
Monarchy Apartments Market Brief
Compare the project with D11 across rent, sale PSF, tenure and transaction activity.
Compared with D11
Sale PSF vs D11 -39.9%
Sale PSF below district median
Monarchy Apartments's all-time median sale PSF is $1,290 psf versus the D11 median of $2,148 psf for the same period. A premium should be explained by tenure, condition, floor, view or scarcity.
Rent support 4.20%
Rent support above district screen
Gross yield is roughly 4.20% versus a D11 screen of 2.28%. Treat this as a first-pass rent support signal before costs, vacancy and financing.
Rent stability 18.0% spread
Rent has some movement
Recent rents moved enough that bedroom count, area band and latest contracts matter.
Market activity +0.0%
Activity is steady
Recent transaction volume is close to the prior 6-month view.
Tenure lens Freehold
Freehold comparison needed
Freehold matters most on sale price. Compare Monarchy Apartments against nearby projects with similar tenure before treating a PSF gap as cheap or expensive.
Before you decide
Latest 12M median rent $5,250
Is the asking rent fair?
$5,000 to $5,500 is the first fair-rent band to check. Above $5,500 should have a visible reason.
All-time median sale PSF $1,290 psf
Is the purchase price fair?
$1,460,000 to $1,550,000 and $1,250 to $1,330 psf are the first sale checks before adjusting for floor, size, view and condition.
3 bed rent $4,700
Are similar units renting for more?
3 bed and 1,100 to 1,200 sqft give the closest unit-size checks.
Rent stability 18.0% spread
Is rent stable here?
Rent has some movement. Recent rents moved enough that bedroom count, area band and latest contracts matter.
Transaction volume +0.0%
Is activity rising?
Activity is steady. Recent transaction volume is close to the prior 6-month view.
Monarchy Apartments Project Facts
Project-level details from URA records and local enrichment.
Tenure Freehold
Property type Apartment, Non-Landed Properties
Sales 3 resale transactions
Total sold value $4.5M
Monarchy Apartments Data Coverage
Use this to judge whether the project has enough rent, sale and recent transaction depth for a confident comparison.
Rentals 42 Jun 2021 to Jun 2026
Sale transactions 3 Jun 2021 to Jul 2023
Rent trend 13.7% Last 3 months
Sale PSF trend 0.0% Last 3 months
Monarchy Apartments Location
Nearest transport, schools and daily conveniences around the project.
Project MRT School Amenities
Nearby
Approximate distance from the project. Walking, driving and transit routes may differ.
Closest MRT
NOVENA MRT STATION (NS20) 0.85 km away
TOA PAYOH MRT STATION (NS19) 0.92 km away
FARRER PARK MRT STATION 1.39 km away
Schools nearby
BENDEMEER SECONDARY SCHOOL 1.21 km away
FARRER PARK PRIMARY SCHOOL 1.38 km away
SAINT JOSEPH'S INSTITUTION INTERNATIONAL ELEMENTARY SCHOOL 1.41 km away
BENDEMEER PRIMARY SCHOOL 1.73 km away
Amenities
BENDEMEER SHOPPING MALL Mall / retail · 1.55 km away
WHAMPOA PARK CONNECTOR Park / green link · 0.44 km away
HAWKER CENTRE (BLK 75 TOA PAYOH LORONG 5) Food centre · 1.29 km away
Monarchy Apartments Rent and Sale PSF Trends
Recent rent, sale PSF and contract activity for this project.
Latest median rent $5,100 27 rentals in view
Latest median sale PSF $1,454 psf 1 sales in view
Month Rent contracts Median rent Sale transactions Median sale PSF Median sale
Jun 2026 2 $5,100 0 - -
May 2026 2 $5,400 0 - -
Jan 2026 1 $5,500 0 - -
Sept 2025 1 $5,000 0 - -
Jun 2025 2 $4,600 0 - -
Apr 2025 1 $4,750 0 - -
Mar 2025 1 $5,000 0 - -
Dec 2024 2 $4,900 0 - -
Nov 2024 1 $4,600 0 - -
May 2024 2 $4,900 0 - -
Dec 2023 2 $5,000 0 - -
Oct 2023 1 $5,250 0 - -
Projects Similar to Monarchy Apartments
Same district, ranked by similar rent, sale PSF and transaction depth.
99-year leasehold from 1975 Hillcrest Arcadia 4.7 km away 293 transactions
- Median rent
- $5,550
- Median sale PSF
- $1,256 psf
- Median rent
- $5,400
- Median sale PSF
- $1,142 psf
- Median rent
- $5,000
- Median sale PSF
- $1,257 psf
- Median rent
- $4,800
- Median sale PSF
- $1,878 psf
- Median rent
- $5,450
- Median sale PSF
- $1,231 psf
- Median rent
- $4,850
- Median sale PSF
- $1,367 psf
Monarchy Apartments Rent by Bedrooms
Monthly rent by recorded bedroom count.
Bedrooms Median rent Average rent Transactions
3 bed $4,700 $4,501 42
Monarchy Apartments Rent by Size
Monthly rent by recorded URA floor area band.
Area band Median rent Average rent Transactions
1,100 to 1,200 sqft $4,700 $4,447 15
1,200 to 1,300 sqft $4,300 $4,438 13
1,300 to 1,400 sqft $4,750 $4,618 14
Monarchy Apartments Sale PSF by Floor
Median sale price and PSF by recorded floor band.
Floor band Median sale Median PSF Transactions
01 to 05 $1,300,000 $998 psf 1
06 to 10 $1,690,000 $1,454 psf 1
11 to 15 $1,500,000 $1,290 psf 1
Monarchy Apartments Latest Transactions
Most recent URA rentals and sales for this project.
Rentals
Sales
How to use this data
Practical guidance for renters, buyers and sellers. This is not a valuation, it is a starting point for comparing real transactions.
Rent negotiation
If you are renting
Monarchy Apartments shows a latest 12-month median monthly rent of $5,250 across 6 rentals. Use that as the first anchor, then check the bedroom and floor-area bands before accepting an asking rent.
Latest 12M median rent $5,250
Rentals in period 6
Rent signal Moderate
- If the asking rent is above the median, look for a clear reason such as larger size, newer condition, furnishings or a better stack.
- If it is below the median, check whether the unit is smaller, older, lower floor or has a shorter lease term.
Offer check
If you are buying
All-time sales at Monarchy Apartments show a median price of $1,500,000 and $1,290 psf. Treat those as the first comparable range, then adjust for floor, size, condition and tenure.
All-time median sale $1,500,000
All-time median PSF $1,290 psf
Sale signal Thin
- Compare the unit against the sale by floor table before deciding whether a premium makes sense.
- Freehold should be part of the buying decision, especially when comparing against newer leasehold or nearby freehold projects.
Listing position
If you are selling
For sellers, the cleanest starting point is the project median PSF, then the latest sales and nearby project comps. Monarchy Apartments has 3 sales on this page, so pricing should be checked against actual recent contracts before listing.
Sale signal Thin
Total sold value $4.5M
Latest record Jun 2026
- Use the latest sales table to avoid anchoring to stale prices when the most recent month moved differently.
- If you want to price above recent PSF, the listing needs a visible reason such as renovation, view, layout, floor or scarcity.
Run Monarchy Apartments numbers
Start with the project benchmarks, then adjust the calculator assumptions for the unit you are considering.
Rental yield $5,250/mo Test gross and net yield against typical rent. Buy vs rent $1.5M Compare ownership cost against renting. Mortgage $1.5M Estimate monthly payment from the sale price. Stamp duty $1,290 psf Estimate buyer stamp duty before offer math. Purchase timeline Offer steps Map the option fee, exercise date, stamp duty and completion.
District context
Use D11 to compare Monarchy Apartments against the wider area.
About this data
How to read the rental and sale figures on this page.
Rental figures come from URA private residential rent data. Rent is shown as monthly rent.
Sale figures come from private residential sale data. PSF and total selling value are shown where the needed fields are available.
Rental floor level is not available from this source, so rental analysis is split by bedroom count and floor area band.
Sale floor band is available for many sale transactions, so sale prices can be grouped by recorded floor band.
Monarchy Apartments FAQ
Quick answers for renters, buyers and owners comparing this project.
What is the typical rent at Monarchy Apartments?
Monarchy Apartments has a latest 12-month median monthly rent of $5,250 across 6 rentals in that period.
What is the typical sale price at Monarchy Apartments?
The all-time median sale price for Monarchy Apartments is $1,500,000, based on 3 sales in that period.
What is the median sale PSF at Monarchy Apartments?
The all-time median sale price per square foot for Monarchy Apartments is $1,290 psf. The average for the same period is $1,247 psf.
Is Monarchy Apartments freehold or leasehold?
Monarchy Apartments is listed as Freehold. Tenure is tied to the project and is most relevant when reviewing sale transactions.
Where is Monarchy Apartments located?
Monarchy Apartments is located at 51 Mandalay Road Monarchy Apartments Singapore 308231 in D11 / Watten Estate, Novena, Thomson.
How current is the Monarchy Apartments transaction data?
The project page uses the latest records currently loaded on PropertySmartSG. Treat it as research evidence and check the latest transaction rows before using it for pricing.