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.
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
25 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 |
| Saint Joseph's Institution International | International | 1.4 km |
| New Town Primary School | Primary | 1.4 km |
| Farrer Park Primary School | Primary | 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 | Change |
|---|---|---|---|
| 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 119.0 as of June 2026 — down 0.1% 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 — 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: 43 leases
- Source: URA
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