Overview & Key Facts
MONARCHY APARTMENTS is a freehold condominium at MANDALAY ROAD in District 11 (CCR), developed by QUEENS SQUARE INVESTMENT PTE LTD (LAND RESOURCES), comprising 39 units, completed in 1998.
Location & Connectivity
MONARCHY APARTMENTS is approximately 850m from Novena MRT station, with 4 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Novena | North-South Line | 850m |
| Toa Payoh | North-South Line | 940m |
| Boon Keng | North-East Line | 1.4 km |
| Farrer Park | North-East Line | 1.5 km |
Schools & Education
24 schools within 2 km (4 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| CHIJ Our Lady Queen of Peace | Primary | 680m |
| Beatty Secondary School | Secondary | 740m |
| School of Science and Technology | Jc | 900m |
| CHIJ Secondary (Toa Payoh) | Secondary | 910m |
| Balestier Hill Primary School | Primary | 1.2 km |
| New Town Primary School | Primary | 1.4 km |
| Farrer Park Primary School | Primary | 1.5 km |
| St. Margaret's Secondary School | Secondary | 1.5 km |
Market Position
MONARCHY APARTMENTS has recorded 3 sales at an average price of $1,496,667.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 1 | $998 psf | — |
| 2022 | 1 | $1,290 psf | ↑ 29.3% |
| 2023 | 1 | $1,454 psf | ↑ 12.7% |
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MONARCHY APARTMENTS prices sit at a fresh series high after a 12.7% gain on the prior period, now 45.6% above the 2021 starting level.
Price Index Check
The ShiokNest Price Index for District 11 reads 121.2 as of June 2026 — up 1.7% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| PULLMAN RESIDENCES NEWTON | Freehold | $3,074 psf | 288 |
| WATTEN HOUSE | Freehold | $3,236 psf | 180 |
| SOLEIL @ SINARAN | 99 yrs lease commencing from 2006 | $1,979 psf | 96 |
| PEAK RESIDENCE | Freehold | $2,489 psf | 90 |
| AMARYLLIS VILLE | 99 yrs lease commencing from 1997 | $1,909 psf | 74 |
What Could Work Against You
- Only 0 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 39 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
Best suited for
Who This Actually Suits
This is a strong match for families with young children, car-owning households, long-term hold (10+ yr) and en-bloc speculators. Family-suitable layout and CCR (Core Central Region) location with established school catchments nearby.
For foreign / absd-aware buyers, it can work — but weigh the trade-offs before committing.
Verdict
MONARCHY APARTMENTS is a freehold development in District 11 (CCR), with 39 units, offering a gross yield of 3.6%.
Explore the full MONARCHY APARTMENTS dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing MONARCHY APARTMENTS against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (410m away), an upgrader gap of about $600,000
- Toa Payoh — 4-room average $929,793 (760m away), an upgrader gap of about $550,000
- Central Area — 4-room average $1,088,814 (1.8 km away), an upgrader gap of about $400,000
FAQ
What is the average PSF for MONARCHY APARTMENTS?
Is MONARCHY APARTMENTS freehold?
What is the rental yield for MONARCHY APARTMENTS?
Which MRT is nearest to MONARCHY APARTMENTS?
Sources & Next Steps
- MONARCHY APARTMENTS Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 11 (Watten Estate, Novena, Thomson) — District 11 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 3 transactions
- Rental data: 40 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jul 2023 · 3 records analysed · Source: URA private-sale caveats