homequant
apartment · 308231

Monarchy Apartments

Project page · Freehold

Indicative value range
S$2,195,492 – S$2,502,108
Indicative mid S$2,346,133 · S$2,018 psf

Based on 74 sales in projects within 1 km, last 24 months. Search widened 3 of 4 steps to find enough comparable sales. See the comparable sales.

No storey entered, so sales were not adjusted for height

Freehold tenure: the lease method is for 99-year leasehold only.

Comparable sales

Each price per area is scaled to Q2 2026 by the published index for the quarter it sold in.

SoldWhereFloorSizePricePer sqftIndex ×Adjusted
Sept 2026The Huntington · 854 m01-05969 sqftS$1,938,800S$2,001 psf×1.000S$2,001 psf
Sept 20261 Moulmein Rise · 721 m11-151,238 sqftS$2,870,000S$2,319 psf×1.000S$2,319 psf
Aug 2026Neu At Novena · 738 m16-20818 sqftS$2,390,000S$2,922 psf×1.000S$2,922 psf
Aug 2026Novena Suites · 891 m06-10947 sqftS$2,238,888S$2,364 psf×1.000S$2,364 psf
Jul 2026D' Ixoras · 142 m11-15840 sqftS$1,450,000S$1,727 psf×1.000S$1,727 psf
Jul 2026Novena Suites · 891 m01-05947 sqftS$2,020,000S$2,133 psf×1.000S$2,133 psf
Jul 2026M21 · 287 m06-101,345 sqftS$2,750,000S$2,044 psf×1.000S$2,044 psf
Jun 2026Pavilion 11 · 198 m16-201,485 sqftS$3,130,000S$2,107 psf×1.000S$2,107 psf
Jun 2026Pavilion 11 · 198 m11-15958 sqftS$2,080,000S$2,171 psf×1.000S$2,171 psf
Jun 2026Thomson Euro-Asia · 963 m16-201,130 sqftS$2,650,000S$2,345 psf×1.000S$2,345 psf
May 2026The Axis · 27 m06-10818 sqftS$1,465,000S$1,791 psf×1.000S$1,791 psf
May 2026Apleton View · 778 m06-101,227 sqftS$2,420,000S$1,972 psf×1.000S$1,972 psf
May 2026Pavilion 11 · 198 m06-101,485 sqftS$3,100,000S$2,087 psf×1.000S$2,087 psf
May 2026The Springs · 740 m06-101,076 sqftS$1,810,000S$1,682 psf×1.000S$1,682 psf
May 20261 Moulmein Rise · 721 m21-251,238 sqftS$2,768,000S$2,236 psf×1.000S$2,236 psf
May 2026Novena Court · 951 m01-05829 sqftS$1,220,000S$1,472 psf×1.000S$1,472 psf
Apr 2026The Axis · 27 m11-15818 sqftS$1,470,000S$1,797 psf×1.000S$1,797 psf
Apr 2026La Maison · 679 m06-101,259 sqftS$2,400,000S$1,906 psf×1.000S$1,906 psf
Apr 2026Zedge · 342 m06-10915 sqftS$1,750,000S$1,913 psf×1.000S$1,913 psf
Apr 2026Novena Suites · 891 m01-05947 sqftS$2,210,000S$2,333 psf×1.000S$2,333 psf
Mar 2026Montebleu · 112 m06-101,227 sqftS$2,400,000S$1,956 psf×1.018S$1,992 psf
Mar 2026Pavilion 11 · 198 m26-30958 sqftS$2,160,000S$2,255 psf×1.018S$2,296 psf
Jan 2026Pavilion 11 · 198 m01-05958 sqftS$1,968,000S$2,054 psf×1.018S$2,092 psf
Dec 20251 Moulmein Rise · 721 m21-251,259 sqftS$3,060,000S$2,430 psf×1.024S$2,488 psf
Nov 2025Apleton View · 778 m06-101,227 sqftS$2,420,000S$1,972 psf×1.024S$2,020 psf
Nov 2025Ikigai · 829 m01-051,496 sqftS$2,950,000S$1,972 psf×1.024S$2,019 psf
Nov 2025The Ansley · 222 m16-201,302 sqftS$2,600,000S$1,996 psf×1.024S$2,044 psf
Nov 2025Medge · 160 m01-05861 sqftS$1,510,000S$1,754 psf×1.024S$1,796 psf
Nov 2025The Springs · 740 m16-201,399 sqftS$2,800,000S$2,001 psf×1.024S$2,049 psf
Oct 2025Pavilion 11 · 198 m16-20958 sqftS$2,060,000S$2,150 psf×1.024S$2,202 psf
Oct 2025Birmingham Mansions · 976 m06-101,076 sqftS$1,870,000S$1,737 psf×1.024S$1,779 psf
Oct 2025Birmingham Mansions · 976 m01-051,066 sqftS$2,168,300S$2,035 psf×1.024S$2,084 psf
Sept 2025Pavilion 11 · 198 m01-051,485 sqftS$3,008,888S$2,026 psf×0.988S$2,002 psf
Sept 2025The Springs · 740 m11-15990 sqftS$2,190,000S$2,212 psf×0.988S$2,186 psf
Sept 2025The Springs · 740 m06-10990 sqftS$1,938,000S$1,957 psf×0.988S$1,934 psf
Aug 2025The Axis · 27 m01-05818 sqftS$1,423,000S$1,739 psf×0.988S$1,719 psf
Aug 2025The Springs · 740 m06-101,012 sqftS$1,960,000S$1,937 psf×0.988S$1,915 psf
Aug 2025M21 · 287 m06-101,066 sqftS$1,800,000S$1,689 psf×0.988S$1,670 psf
Jul 2025Apleton View · 778 m01-051,206 sqftS$2,350,000S$1,949 psf×0.988S$1,927 psf
Jul 2025Apleton View · 778 m11-151,055 sqftS$2,130,000S$2,019 psf×0.988S$1,996 psf
Jul 2025Minbu Court · 210 m01-05990 sqftS$1,350,000S$1,363 psf×0.988S$1,347 psf
Jul 2025Montebleu · 112 m06-10850 sqftS$1,668,000S$1,962 psf×0.988S$1,939 psf
Jul 2025Montebleu · 112 m16-201,227 sqftS$2,350,000S$1,915 psf×0.988S$1,893 psf
Jul 20251 Moulmein Rise · 721 m21-251,238 sqftS$2,850,000S$2,302 psf×0.988S$2,276 psf
Jun 2025La Maison · 679 m06-101,259 sqftS$2,550,000S$2,025 psf×1.005S$2,035 psf
Jun 2025The Ansley · 222 m06-101,098 sqftS$2,100,000S$1,913 psf×1.005S$1,922 psf
Jun 2025Pavilion 11 · 198 m11-15958 sqftS$2,058,000S$2,148 psf×1.005S$2,159 psf
Jun 20251 Moulmein Rise · 721 m16-201,238 sqftS$2,841,625S$2,296 psf×1.005S$2,307 psf
Jun 2025Novena Court · 951 m01-05861 sqftS$1,420,000S$1,649 psf×1.005S$1,657 psf
May 2025The Ansley · 222 m06-101,012 sqftS$1,900,000S$1,878 psf×1.005S$1,887 psf
May 2025D' Ixoras · 142 m11-15840 sqftS$1,360,000S$1,620 psf×1.005S$1,628 psf
Apr 2025The Axis · 27 m11-15818 sqftS$1,460,000S$1,785 psf×1.005S$1,794 psf
Apr 2025The Axis · 27 m06-10818 sqftS$1,438,000S$1,758 psf×1.005S$1,767 psf
Apr 2025368 Thomson · 941 m21-25872 sqftS$1,765,000S$2,024 psf×1.005S$2,034 psf
Apr 2025368 Thomson · 941 m21-25872 sqftS$1,750,000S$2,007 psf×1.005S$2,017 psf
Apr 2025Zedge · 342 m11-15915 sqftS$1,800,000S$1,967 psf×1.005S$1,977 psf
Apr 2025Mandale Heights · 68 m11-151,345 sqftS$2,560,000S$1,903 psf×1.005S$1,912 psf
Mar 2025Apleton View · 778 m06-101,206 sqftS$2,320,000S$1,924 psf×1.035S$1,992 psf
Mar 2025Novena Court · 951 m01-05861 sqftS$1,418,000S$1,647 psf×1.035S$1,705 psf
Feb 2025The Axis · 27 m06-10818 sqftS$1,428,000S$1,746 psf×1.035S$1,807 psf
Feb 2025Pavilion 11 · 198 m16-201,485 sqftS$2,985,000S$2,010 psf×1.035S$2,080 psf
Feb 2025Pavilion 11 · 198 m06-101,485 sqftS$3,000,000S$2,020 psf×1.035S$2,091 psf
Feb 2025Pavilion 11 · 198 m31-35958 sqftS$2,138,888S$2,233 psf×1.035S$2,311 psf
Jan 2025The Axis · 27 m01-05818 sqftS$1,300,000S$1,589 psf×1.035S$1,645 psf
Jan 2025The Huntington · 854 m06-101,152 sqftS$2,300,000S$1,997 psf×1.035S$2,067 psf
Jan 2025Montebleu · 112 m21-25850 sqftS$1,700,000S$1,999 psf×1.035S$2,070 psf
Jan 2025City Edge · 702 m11-151,152 sqftS$2,300,000S$1,997 psf×1.035S$2,067 psf
Jan 20251 Moulmein Rise · 721 m21-251,238 sqftS$2,800,000S$2,262 psf×1.035S$2,342 psf
Dec 2024Pavilion 11 · 198 m16-201,485 sqftS$3,240,000S$2,181 psf×1.043S$2,276 psf
Dec 2024Novena Court · 951 m01-05861 sqftS$1,370,000S$1,591 psf×1.043S$1,660 psf
Nov 2024Montebleu · 112 m06-10850 sqftS$1,600,000S$1,882 psf×1.043S$1,963 psf
Nov 2024Montebleu · 112 m16-20850 sqftS$1,660,000S$1,952 psf×1.043S$2,037 psf
Nov 2024Pavilion 11 · 198 m26-301,485 sqftS$3,200,000S$2,154 psf×1.043S$2,248 psf
Nov 2024Pavilion 11 · 198 m01-051,485 sqftS$3,080,000S$2,073 psf×1.043S$2,163 psf

How accurate is this estimate for Monarchy Apartments?

Too few sales since Q4 2025 to score the estimate here. Three are the minimum, and this project has not had them.

What the rent says

What this home earns against what it costs, set beside what homes like it earn.

2.81% gross yield

S$66,000 of rent a year against the estimate above · 0.18 points above flats like it

Leases signed here within a quarter of this size run about S$5,500 a month, the middle of 10 of them.

In the core central region, freehold flats yield 2.63%, from 820 projects. Too few share this home's remaining lease to measure that separately.

A yield above the mark means the flat rents well for what it costs, which can point to a keen rental patch or a price the sales alone have not caught up with. Below it, buyers are paying for something a tenant will not, such as the address itself.

Recent leases signed here

SignedSizeBedsTypeRent a month
Q3 20261200-1300 sqft3Non-landed PropertiesS$5,600
Q3 20261300-1400 sqft3Non-landed PropertiesS$5,500
Q3 20261300-1400 sqft3Non-landed PropertiesS$5,250
Q2 20261200-1300 sqft3Non-landed PropertiesS$6,000
Q2 20261200-1300 sqft3Non-landed PropertiesS$6,000
Q2 20261100-1200 sqft3Non-landed PropertiesS$5,500
Q2 20261100-1200 sqft3Non-landed PropertiesS$4,800
Q2 20261100-1200 sqft3Non-landed PropertiesS$4,800

median of 10 URA rental contracts at Monarchy Apartments within a quarter of 108 sqm, since 2025Q4.

Buying or selling at S$2,346,133?

Buying: Stamp duty on S$2,346,133 · Cash and CPF needed on S$2,346,133 · How much can I borrow · Monthly repayment on a 75% loan · Property tax on this rent.

Selling: Net proceeds from selling on S$2,346,133.

Each opens with this figure filled in; change anything there.

Primary schools near 51 Mandalay Road

Measured from each school's land to this address's own point, the way MOE bands P1 priority. MOE measures to the building's outline, so near 1 km or 2 km check OneMap's School Query.

Within about 1 km

1 to 2 km

Past transactions

Recorded sales
DateDetailAreaPricePer area
Jul 2023
Monarchy Apartments · 06-10 · Apartment
1,163 sqftS$1,690,000S$1,454 psf
Mar 2022
Monarchy Apartments · 11-15 · Apartment
1,163 sqftS$1,500,000S$1,290 psf

Sale prices as filed in caveats.

Indicative estimate from comparable caveats. Not a formal valuation.