We track 15 sales and 85 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE AXIS dashboard.
- Average sale price: $1,375,059 across 15 transactions
- Estimated gross rental yield: 2.9%
- District 11 PSF ranking: Mid-range (top 72%)
- Freehold tenure · CCR · D11 · 52 units
About THE AXIS
THE AXIS is a freehold condominium, located at MANDALAY ROAD in District 11 (Watten Estate, Novena, Thomson) (Core Central Region), developed by NOVELTY ASIA PTE LTD, comprising 52 residential units, completed in 2010.
As a freehold property, THE AXIS does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at THE AXIS:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 2 | $1,827 psf | $727,500 |
| 2 BR | 10 | $1,641 psf | $1,310,900 |
| 3 BR | 2 | $1,538 psf | $1,755,000 |
| 5+ BR | 1 | $1,156 psf | $2,551,888 |
Sales Market Overview
THE AXIS has recorded 15 sale transactions with an average transaction price of $1,375,059, ranging from $700,000 to $2,551,888.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 4 | $1,392 psf | $1,516,722 | — |
| 2022 | 1 | $1,455 psf | $1,660,000 | ↑ 4.5% |
| 2023 | 2 | $1,705 psf | $972,500 | ↑ 17.2% |
| 2024 | 2 | $1,673 psf | $1,575,000 | ↓ 1.9% |
| 2025 | 6 | $1,752 psf | $1,300,667 | ↑ 4.7% |
THE AXIS ranks in the top 72% of condos in District 11 by average PSF.
Compared to the CCR average of $2,447 psf, THE AXIS trades 33.8% below the segment benchmark.
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Rental Market Overview
THE AXIS has recorded 85 rental transactions with monthly rents averaging $3,306/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 30 | $2,550/mo | $1,850/mo | $3,100/mo |
| 2 BR | 45 | $3,503/mo | $2,300/mo | $4,875/mo |
| 3 BR | 10 | $4,685/mo | $3,600/mo | $6,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 18 | $2,638/mo |
| 2022 | 17 | $3,197/mo |
| 2023 | 16 | $3,828/mo |
| 2024 | 17 | $3,432/mo |
| 2025 | 11 | $3,439/mo |
| 2026 | 6 | $3,621/mo |
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Investment Analysis
Based on average rents and sale prices, THE AXIS delivers an estimated gross rental yield of 2.9%. 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 THE AXIS (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE AXIS
- Novena MRT
- Toa Payoh MRT
- Boon Keng MRT
- Farrer Park MRT
- CHIJ Our Lady Queen of Peace
- Beatty Secondary School
- School of Science and Technology
Nearby MRT Stations
THE AXIS is 820m from Novena MRT (North-South Line), with 4 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Novena | NS20 | North-South Line | 820m |
| Toa Payoh | NS19 | North-South Line | 960m |
| Boon Keng | NE9 | North-East Line | 1.4 km |
| Farrer Park | NE8 | North-East Line | 1.4 km |
Nearby Schools
There are 24 schools within 2 km of THE AXIS, including 4 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| CHIJ Our Lady Queen of Peace | Primary | 650m |
| Beatty Secondary School | Secondary | 770m |
| School of Science and Technology | Jc | 930m |
| CHIJ Secondary (Toa Payoh) | Secondary | 940m |
| Balestier Hill Primary School | Primary | 1.2 km |
| St. Margaret's Secondary School | Secondary | 1.4 km |
| New Town Primary School | Primary | 1.4 km |
| Farrer Park Primary School | Primary | 1.4 km |
| St. Margaret's Primary School | Primary | 1.5 km |
| Bendemeer Primary School | Primary | 1.5 km |
| St. Joseph's Institution | Secondary | 1.5 km |
| Pei Chun Public School | Primary | 1.5 km |
FAQ
What is the average price for THE AXIS?
What is the rental yield for THE AXIS?
Is THE AXIS 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: 15 transactions analysed
- Rental data: 85 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 THE AXIS
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.