Rent vs D11 -30.8%
Rents below district median
The Axis's latest 12-month median rent is $3,600 compared with the D11 median of $5,200 for the same period. Use this district check before narrowing by bedroom and area band.
The Axis rent and sale price
D11 / Watten Estate, Novena, Thomson
Address 47 Mandalay Road the Axis Singapore 308227
Open map
Quick summary about The Axis
The Axis is a freehold apartment in D11 / Watten Estate, Novena, Thomson. The page currently tracks 79 rentals and 16 sales.
- Latest 12M median rent is $3,600 per month from 15 rentals. The bedroom and floor-area tables below show the full loaded history.
- Latest 12M median sale price is $1,412,500, with median sale PSF at $1,798 psf from 2 sales.
- Rent is up 3.6% over the last 3 months. Sale PSF is up 10.9% over the last 3 months.
The Axis Market Brief
Compare the project with D11 across rent, sale PSF, tenure and transaction activity.
Compared with D11
Sale PSF vs D11 -28.4%
Sale PSF below district median
The Axis's latest 12-month median sale PSF is $1,798 psf versus the D11 median of $2,511 psf for the same period. A premium should be explained by tenure, condition, floor, view or scarcity.
Rent support 3.06%
Rent support above district screen
Gross yield is roughly 3.06% versus a D11 screen of 2.23%. Treat this as a first-pass rent support signal before costs, vacancy and financing.
Rent stability 55.2% spread
Rent is uneven
Recent median rents vary a lot, usually because unit mix differs month to month.
Market activity -15.4%
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 The Axis against nearby projects with similar tenure before treating a PSF gap as cheap or expensive.
Before you decide
Latest 12M median rent $3,600
Is the asking rent fair?
$3,400 to $3,800 is the first fair-rent band to check. Above $3,800 should have a visible reason.
Latest 12M median sale PSF $1,798 psf
Is the purchase price fair?
$1,370,000 to $1,450,000 and $1,740 to $1,850 psf are the first sale checks before adjusting for floor, size, view and condition.
2 bed rent $3,675
Are similar units renting for more?
2 bed and 300 to 400 sqft give the closest unit-size checks.
Rent stability 55.2% spread
Is rent stable here?
Rent is uneven. Recent median rents vary a lot, usually because unit mix differs month to month.
Transaction volume -15.4%
Is activity rising?
Activity is steady. Recent transaction volume is close to the prior 6-month view.
The Axis Project Facts
Project-level details from URA records and local enrichment.
Tenure Freehold
Property type Apartment, Non-Landed Properties
Sales 16 resale transactions
Total sold value $22.3M
The Axis Data Coverage
Use this to judge whether the project has enough rent, sale and recent transaction depth for a confident comparison.
Rentals 79 Jun 2021 to Jun 2026
Sale transactions 16 Jul 2021 to May 2026
Rent trend 3.6% Last 3 months
Sale PSF trend 10.9% Last 3 months
The Axis 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) 0.83 km away
TOA PAYOH MRT STATION (NS19) 0.93 km away
FARRER PARK MRT STATION 1.38 km away
Schools nearby
BENDEMEER SECONDARY SCHOOL 1.22 km away
FARRER PARK PRIMARY SCHOOL 1.37 km away
SAINT JOSEPH'S INSTITUTION INTERNATIONAL ELEMENTARY SCHOOL 1.41 km away
ANGLO-CHINESE SCHOOL (PRIMARY) 1.74 km away
Amenities
BENDEMEER SHOPPING MALL Mall / retail · 1.56 km away
WHAMPOA PARK CONNECTOR Park / green link · 0.46 km away
HAWKER CENTRE (BLK 75 TOA PAYOH LORONG 5) Food centre · 1.31 km away
The Axis Rent and Sale PSF Trends
Recent rent, sale PSF and contract activity for this project.
Latest median rent $4,500 25 rentals in view
Latest median sale PSF $1,798 psf 8 sales in view
Month Rent contracts Median rent Sale transactions Median sale PSF Median sale
Jun 2026 1 $4,500 0 - -
May 2026 1 $3,783 2 $1,798 psf $1,412,500
Apr 2026 2 $3,125 0 - -
Mar 2026 1 $3,650 0 - -
Jan 2026 3 $3,850 0 - -
Dec 2025 1 $2,600 0 - -
Nov 2025 2 $3,950 0 - -
Sept 2025 1 $4,600 0 - -
Aug 2025 3 $3,200 2 $1,818 psf $1,089,000
Jun 2025 1 $2,700 0 - -
May 2025 1 $2,600 0 - -
Apr 2025 1 $3,600 2 $1,772 psf $1,449,000
Projects Similar to The Axis
Same district, ranked by similar rent, sale PSF and transaction depth.
Freehold Zedge 0.3 km away 260 transactions
- Median rent
- $3,300
- Median sale PSF
- $1,749 psf
- Median rent
- $3,400
- Median sale PSF
- $2,148 psf
- Median rent
- $3,300
- Median sale PSF
- $1,648 psf
- Median rent
- $3,500
- Median sale PSF
- $1,926 psf
- Median rent
- $4,150
- Median sale PSF
- $1,844 psf
- Median rent
- $3,950
- Median sale PSF
- $1,925 psf
The Axis Rent by Bedrooms
Monthly rent by recorded bedroom count.
Bedrooms Median rent Average rent Transactions
1 bed $2,700 $2,570 29
2 bed $3,675 $3,663 40
3 bed $4,650 $4,685 10
The Axis Rent by Size
Monthly rent by recorded URA floor area band.
Area band Median rent Average rent Transactions
300 to 400 sqft $2,700 $2,570 29
700 to 800 sqft $3,600 $3,651 25
800 to 900 sqft $3,850 $3,682 15
1,100 to 1,200 sqft $4,600 $4,606 8
1,500 to 1,600 sqft $5,000 $5,000 2
The Axis Sale PSF by Floor
Median sale price and PSF by recorded floor band.
Floor band Median sale Median PSF Transactions
01 to 05 $1,360,000 $1,725 psf 5
06 to 10 $1,428,000 $1,746 psf 7
11 to 15 $1,280,000 $1,609 psf 4
The Axis 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
The Axis shows a latest 12-month median monthly rent of $3,600 across 15 rentals. Use that as the first anchor, then check the bedroom and floor-area bands before accepting an asking rent.
Latest 12M median rent $3,600
Rentals in period 15
Rent signal Strong
- 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
Latest 12M sales at The Axis show a median price of $1,412,500 and $1,798 psf. Treat those as the first comparable range, then adjust for floor, size, condition and tenure.
Latest 12M median sale $1,412,500
Latest 12M median PSF $1,798 psf
Sale signal Moderate
- 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. The Axis has 16 sales on this page, so pricing should be checked against actual recent contracts before listing.
Sale signal Moderate
Total sold value $22.3M
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 The Axis numbers
Start with the project benchmarks, then adjust the calculator assumptions for the unit you are considering.
Rental yield $3,600/mo Test gross and net yield against typical rent. Buy vs rent $1.4M Compare ownership cost against renting. Mortgage $1.4M Estimate monthly payment from the sale price. Stamp duty $1,798 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 The Axis 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.
The Axis FAQ
Quick answers for renters, buyers and owners comparing this project.
What is the typical rent at The Axis?
The Axis has a latest 12-month median monthly rent of $3,600 across 15 rentals in that period.
What is the typical sale price at The Axis?
The latest 12-month median sale price for The Axis is $1,412,500, based on 2 sales in that period.
What is the median sale PSF at The Axis?
The latest 12-month median sale price per square foot for The Axis is $1,798 psf. The average for the same period is $1,798 psf.
Is The Axis freehold or leasehold?
The Axis is listed as Freehold. Tenure is tied to the project and is most relevant when reviewing sale transactions.
Where is The Axis located?
The Axis is located at 47 Mandalay Road the Axis Singapore 308227 in D11 / Watten Estate, Novena, Thomson.
How current is the The Axis 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.