Monarchy Apartments
Located in District 11 (Watten Estate, Novena, Thomson), Monarchy Apartments is a freehold condominium in the Core Central Region (CCR). Completed in 1998, the development comprises 39 units. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
MONARCHY APARTMENTS
Over the 12 months to Jul 2023, Monarchy Apartments recorded 6 rental contracts at a median $5,250/mo. Source: URA caveat data, as of Jul 2023.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| Jul-23 | $1,690,000 | $1,454 psf | 1,163 sqft | 06 to 10 | 3BR |
| Mar-22 | $1,500,000 | $1,290 psf | 1,163 sqft | 11 to 15 | 3BR |
| Jun-21 | $1,300,000 | $998 psf | 1,302 sqft | 01 to 05 | 3BR |
En-Bloc Potential
A heuristic read of land/redevelopment fundamentals — not a prediction that a collective sale will happen. Whether one succeeds hinges on owner consent, reserve-price expectations, and market timing. Only ~1 in 10 en-bloc attempts complete, and realised premiums have averaged ~14% (owners often expect 40%+). For an ageing leasehold, weigh this against near-certain lease decay while you wait.