We track 2 sales and 71 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the RHAPSODY ON MOUNT ELIZABETH dashboard.
- Average sale price: $3,275,000 across 2 transactions
- Estimated gross rental yield: 2.4%
- District 9 PSF ranking: Mid-range (top 53%)
- Freehold tenure · CCR · D9 · 32 units
About RHAPSODY ON MOUNT ELIZABETH
RHAPSODY ON MOUNT ELIZABETH is a freehold condominium, located at MOUNT ELIZABETH in District 9 (Orchard, Cairnhill, River Valley) (Core Central Region), developed by CAIRNHILL DEVELOPMENT PTE LTD, comprising 32 residential units, completed in 2010.
As a freehold property, RHAPSODY ON MOUNT ELIZABETH does not face lease decay concerns.
Sales Market Overview
RHAPSODY ON MOUNT ELIZABETH has recorded 2 sale transactions with an average transaction price of $3,275,000, ranging from $3,050,000 to $3,500,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 1 | $1,954 psf | $3,050,000 | — |
| 2023 | 1 | $2,242 psf | $3,500,000 | ↑ 14.8% |
RHAPSODY ON MOUNT ELIZABETH ranks in the top 53% of condos in District 9 by average PSF.
Compared to the CCR average of $2,447 psf, RHAPSODY ON MOUNT ELIZABETH trades 14.3% below the segment benchmark.
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Rental Market Overview
RHAPSODY ON MOUNT ELIZABETH has recorded 71 rental transactions with monthly rents averaging $6,474/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 36 | $5,235/mo | $4,000/mo | $6,500/mo |
| 3 BR | 33 | $7,552/mo | $5,300/mo | $11,600/mo |
| 4 BR | 2 | $11,000/mo | $10,000/mo | $12,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 14 | $5,404/mo |
| 2022 | 12 | $5,825/mo |
| 2023 | 15 | $7,233/mo |
| 2024 | 10 | $6,760/mo |
| 2025 | 13 | $6,808/mo |
| 2026 | 7 | $7,075/mo |
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Investment Analysis
Based on average rents and sale prices, RHAPSODY ON MOUNT ELIZABETH delivers an estimated gross rental yield of 2.4%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 9
Side-by-side comparison against the most actively traded condos in District 9 (Orchard, Cairnhill, River Valley):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| IRWELL HILL RESIDENCES | 99 yrs lease commencing from 2020 | 540 | $2,730 psf | 582 |
| RIVER GREEN | 99 yrs lease commencing from 2024 | 524 | $3,138 psf | 491 |
| RIVER MODERN | 99 years leasehold | — | $3,239 psf | 421 |
| THE AVENIR | Freehold | 376 | $3,190 psf | 322 |
| KOPAR AT NEWTON | 99 yrs lease commencing from 2019 | 378 | $2,513 psf | 253 |
Location Map
Map shows RHAPSODY ON MOUNT ELIZABETH (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- RHAPSODY ON MOUNT ELIZABETH
- Orchard MRT
- Orchard MRT
- Orchard Boulevard MRT
- Somerset MRT
- Newton MRT
- St. Anthony'
- ACS (Junior)
- Anglo-Chinese School (Primary)
Nearby MRT Stations
RHAPSODY ON MOUNT ELIZABETH is 560m from Orchard MRT (North-South Line), with 13 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Orchard | NS22 | North-South Line | 560m |
| Orchard | TE14 | Thomson-East Coast Line | 560m |
| Orchard Boulevard | TE13 | Thomson-East Coast Line | 720m |
| Somerset | NS23 | North-South Line | 730m |
| Newton | NS21 | North-South Line | 820m |
| Newton | DT11 | Downtown Line | 820m |
| Great World | TE15 | Thomson-East Coast Line | 1.3 km |
| Dhoby Ghaut | NS24 | North-South Line | 1.4 km |
Nearby Schools
There are 18 schools within 2 km of RHAPSODY ON MOUNT ELIZABETH, including 4 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| St. Anthony's Primary School | Primary | 320m |
| ACS (Junior) | Primary | 660m |
| Anglo-Chinese School (Primary) | Primary | 1.0 km |
| ISS International School (Preston) | International | 1.0 km |
| ISS International School (Paterson) | International | 1.0 km |
| Singapore Chinese Girls' School (Primary) | Primary | 1.1 km |
| St. Margaret's Primary School | Primary | 1.1 km |
| Chatsworth International School (Orchard) | International | 1.1 km |
| St. Margaret's Secondary School | Secondary | 1.2 km |
| Kheng Cheng School | Primary | 1.3 km |
| Fairfield Methodist School (Primary) | Primary | 1.5 km |
| Methodist Girls' School | Secondary | 1.6 km |
FAQ
What is the average price for RHAPSODY ON MOUNT ELIZABETH?
What is the rental yield for RHAPSODY ON MOUNT ELIZABETH?
Is RHAPSODY ON MOUNT ELIZABETH 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: 2 transactions analysed
- Rental data: 71 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 RHAPSODY ON MOUNT ELIZABETH
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