We track 4 sales and 26 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the MANDALAY TOWERS dashboard.
- Average sale price: $3,182,500 across 4 transactions
- Estimated gross rental yield: 2.4%
- District 11 PSF ranking: Value tier (top 88%)
- Freehold tenure · CCR · D11 · 56 units
About MANDALAY TOWERS
MANDALAY TOWERS is a freehold condominium, located at MANDALAY ROAD in District 11 (Watten Estate, Novena, Thomson) (Core Central Region), comprising 56 residential units.
As a freehold property, MANDALAY TOWERS does not face lease decay concerns.
Sales Market Overview
MANDALAY TOWERS has recorded 4 sale transactions with an average transaction price of $3,182,500, ranging from $2,800,000 to $3,930,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 2 | $1,116 psf | $2,800,000 | — |
| 2022 | 1 | $1,276 psf | $3,200,000 | ↑ 14.3% |
| 2025 | 1 | $1,567 psf | $3,930,000 | ↑ 22.8% |
MANDALAY TOWERS ranks in the top 88% of condos in District 11 by average PSF.
Compared to the CCR average of $2,447 psf, MANDALAY TOWERS trades 48.1% below the segment benchmark.
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Rental Market Overview
MANDALAY TOWERS has recorded 26 rental transactions with monthly rents averaging $6,385/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 26 | $6,385/mo | $3,000/mo | $12,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 2 | $5,550/mo |
| 2022 | 7 | $5,529/mo |
| 2023 | 2 | $9,000/mo |
| 2024 | 7 | $5,843/mo |
| 2025 | 4 | $8,175/mo |
| 2026 | 4 | $6,150/mo |
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Investment Analysis
Based on average rents and sale prices, MANDALAY TOWERS delivers an estimated gross rental yield of 2.4%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 11
Side-by-side comparison against the most actively traded condos in District 11 (Watten Estate, Novena, Thomson):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| PULLMAN RESIDENCES NEWTON | Freehold | 340 | $3,074 psf | 288 |
| WATTEN HOUSE | Freehold | 180 | $3,236 psf | 179 |
| SOLEIL @ SINARAN | 99 yrs lease commencing from 2006 | 417 | $1,974 psf | 93 |
| PEAK RESIDENCE | Freehold | 90 | $2,489 psf | 90 |
| AMARYLLIS VILLE | 99 yrs lease commencing from 1997 | 311 | $1,903 psf | 72 |
Location Map
Map shows MANDALAY TOWERS (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- MANDALAY TOWERS
- Novena MRT
- Toa Payoh MRT
- Farrer Park MRT
- CHIJ Our Lady Queen of Peace
- Beatty Secondary School
- CHIJ Secondary (Toa Payoh)
Nearby MRT Stations
MANDALAY TOWERS is 660m from Novena MRT (North-South Line), with 3 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Novena | NS20 | North-South Line | 660m |
| Toa Payoh | NS19 | North-South Line | 1.0 km |
| Farrer Park | NE8 | North-East Line | 1.4 km |
Nearby Schools
There are 25 schools within 2 km of MANDALAY TOWERS, including 2 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| CHIJ Our Lady Queen of Peace | Primary | 560m |
| Beatty Secondary School | Secondary | 900m |
| CHIJ Secondary (Toa Payoh) | Secondary | 1.1 km |
| School of Science and Technology | Jc | 1.1 km |
| St. Margaret's Secondary School | Secondary | 1.3 km |
| St. Margaret's Primary School | Primary | 1.3 km |
| Balestier Hill Primary School | Primary | 1.3 km |
| New Town Primary School | Primary | 1.4 km |
| St. Joseph's Institution | Secondary | 1.4 km |
| Farrer Park Primary School | Primary | 1.4 km |
| Singapore Chinese Girls' School (Primary) | Primary | 1.6 km |
| Bendemeer Primary School | Primary | 1.6 km |
FAQ
What is the average price for MANDALAY TOWERS?
What is the rental yield for MANDALAY TOWERS?
Is MANDALAY TOWERS freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 4 transactions analysed
- Rental data: 26 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for MANDALAY TOWERS
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.