Projects
MONARCHY APARTMENTS
D11 / Watten Estate, Novena, Thomson
Address 51 MANDALAY ROAD MONARCHY APARTMENTS SINGAPORE 308231
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Apartment, Non-Landed Properties 41 transactions Freehold Updated Dec 2025
Property image pending
Project read
Quick summary about MONARCHY APARTMENTS
Monarchy Apartments is a freehold apartment, non-landed properties in D11 / Watten Estate, Novena, Thomson. Monarchy Apartments currently has 38 rental contracts and 3 sale transactions, covering May 2021 to Dec 2025.
- Typical rent is $4,600 per month, with bedroom and floor-area splits below for a closer unit-level view.
- Typical sale price is $1,500,000, with median sale PSF at $1,290 psf and total recorded sale value of $4.5M.
- Rent is up 2.0% over the last 3 months. Sale PSF is flat over the last 3 months.
Project facts
Project-level details from URA records and local enrichment.
Tenure Freehold
Property type Apartment, Non-Landed Properties
Sale records 3 resale transactions
Total sold value $4.5M
Data coverage
URA records on this page start May 2021 and run through Dec 2025.
Rental contracts 38 May 2021 to Dec 2025
Sale transactions 3 May 2021 to Jun 2023
Rent trend 2.0% Last 3 months
Sale PSF trend 0.0% Last 3 months
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
SHG STUDENT CARE (BENDEMEER PRIMARY SCHOOL) 1.72 km away
Amenities
BENDEMEER SHOPPING MALL Mall / retail · 1.55 km away
FAIRPRICE FINEST THE CENTREPOINT Daily needs · 2.82 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
Market trends
Recent rent, sale PSF and contract activity for this project.
Latest median rent $5,500 25 rental contracts in view
Latest median sale PSF $1,454 psf 1 sale transactions in view
Month Rent contracts Median rent Sale transactions Median sale PSF Median sale
Dec 2025 1 $5,500 0 - -
Aug 2025 1 $5,000 0 - -
May 2025 2 $4,600 0 - -
Mar 2025 1 $4,750 0 - -
Feb 2025 1 $5,000 0 - -
Nov 2024 2 $4,900 0 - -
Oct 2024 1 $4,600 0 - -
Apr 2024 2 $4,900 0 - -
Nov 2023 2 $5,000 0 - -
Sept 2023 1 $5,250 0 - -
Aug 2023 4 $4,900 0 - -
Jul 2023 1 $5,000 0 - -
Similar projects nearby
Same district, ranked by similar rent, sale PSF and transaction depth.
99-year leasehold from 1975 HILLCREST ARCADIA 4.7 km away 279 transactions
- Median rent
- $5,600
- Median sale PSF
- $1,255 psf
- Median rent
- $4,300
- Median sale PSF
- $1,287 psf
- Median rent
- $5,000
- Median sale PSF
- $1,257 psf
- Median rent
- $5,300
- Median sale PSF
- $1,142 psf
- Median rent
- $4,800
- Median sale PSF
- $1,517 psf
- Median rent
- $4,850
- Median sale PSF
- $1,367 psf
Rent by bedrooms
Monthly rent by recorded bedroom count.
Bedrooms Median rent Average rent Transactions
3 bed $4,600 $4,422 38
Rent by floor area
Monthly rent by recorded URA floor area band.
Area band Median rent Average rent Transactions
1,100 to 1,200 sqft $4,650 $4,308 12
1,200 to 1,300 sqft $4,250 $4,308 12
1,300 to 1,400 sqft $4,750 $4,618 14
Sale price 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
Latest transactions
Most recent URA rental contracts and sale transactions 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 typical monthly rent of $4,600 across 38 rental contracts. Use that as the first anchor, then check the bedroom and floor-area bands before accepting an asking rent.
Median rent $4,600
Rental contracts 38
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
Recent sales at MONARCHY APARTMENTS point to a typical sale price of $1,500,000 and $1,290 psf. Treat those as the first comparable range, then adjust for floor, size, condition and tenure.
Median sale $1,500,000
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 sale transactions in this dataset, so pricing should be checked against actual recent contracts before listing.
Sale signal Thin
Total sold value $4.5M
Latest update Dec 2025
- 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.
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 recorded URA private residential rental contracts. Rent is shown as monthly rent.
Sale figures come from recorded private residential sale transactions. PSF and total selling value are shown where sale records include the needed fields.
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?
Based on the URA rental records currently loaded for MONARCHY APARTMENTS, the median monthly rent is $4,600 across 38 rental contracts.
What is the typical sale price at MONARCHY APARTMENTS?
The median sale price for MONARCHY APARTMENTS is $1,500,000, based on 3 URA sale transactions in the local dataset.
What is the median sale PSF at MONARCHY APARTMENTS?
The median sale price per square foot for MONARCHY APARTMENTS is $1,290 psf. The average sale PSF 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 URA records on this page start from May 2021 and run through Dec 2025. The page is rebuilt after local data refresh runs.