Monarchy Apartments
Monarchy Apartments is a freehold apartment in District 11 (Novena) that obtained TOP in 1997, with 39 units across 1 block. Across 60 transactions on record, units have recently transacted around S$1.28M (S$1,044 psf, ~1,163 sqft).
What are the key facts about Monarchy Apartments?
Monarchy Apartments is a freehold apartment in District 11 (Novena) that obtained TOP in 1997, with 39 units across 1 block.
- Tenure
- Freehold
- TOP / Completion
- 1997
- Developer
- QUEENS SQUARE INVESTMENT PTE LTD (LAND RESOURCES)
- Total units
- 39
- Blocks
- 1
- District / Area
- District 11 (Novena)
- Market segment
- CCR
- Median PSF
- S$1,044 psf
- Last transacted
- Jul 2023
- Remaining lease
- Freehold
What is the price and PSF at Monarchy Apartments?
Units have recently transacted around S$1.28M (S$1,044 psf), at a gross rental yield of about 2.5% (URA caveat data).
Recent median price
S$1.28M
recent · 60 sales on record
Median PSF
S$1,044 psf
recent transactions
Median rent (monthly)
S$2,707
193 rentals on record
Gross rental yield
2.5%
indicative, gross
Source: URA caveat data, through Jul 2023.
What has recently sold at Monarchy Apartments?
Monarchy Apartments has 60 recorded sales; the most recent transacted at S$1,690,000 in Jul 2023 (URA caveat data).
| Date | Price | Size (sqft) | PSF |
|---|---|---|---|
| Jul 2023 | S$1,690,000 | 1,163 | S$1,454 psf |
| Mar 2022 | S$1,500,000 | 1,163 | S$1,290 psf |
| Jun 2021 | S$1,300,000 | 1,302 | S$998 psf |
| Nov 2019 | S$1,280,000 | 1,163 | S$1,101 psf |
| Mar 2019 | S$1,270,000 | 1,216 | S$1,044 psf |
| Jan 2019 | S$1,350,000 | 1,163 | S$1,161 psf |
| Sept 2018 | S$1,385,000 | 1,302 | S$1,063 psf |
| Dec 2015 | S$1,203,000 | 1,163 | S$1,035 psf |
| Jul 2015 | S$1,235,000 | 1,216 | S$1,015 psf |
| May 2012 | S$1,100,000 | 1,163 | S$946 psf |
| Mar 2012 | S$1,400,000 | 1,302 | S$1,075 psf |
| Apr 2010 | S$960,000 | 1,163 | S$826 psf |
60 sales and 193 rentals on record since Dec 1995. Source: URA.
Are prices at Monarchy Apartments rising?
The median transacted PSF at Monarchy Apartments has risen 49% over the past 23 years (1996–2019), from S$741 psf to S$1,101 psf (URA caveats).
| Year | Median PSF | Median price | Sales | YoY |
|---|---|---|---|---|
| 2019 | S$1,101 psf | S$1.28M | 3 | +8.5% |
| 2015 | S$1,015 psf | S$1.20M | 2 | +7.3% |
| 2012 | S$946 psf | S$1.10M | 2 | +24.1% |
| 2010 | S$762 psf | S$980k | 5 | +28.3% |
| 2007 | S$594 psf | S$690k | 2 | +26.4% |
| 2006 | S$470 psf | S$575k | 4 | -9.3% |
| 2002 | S$518 psf | S$630k | 2 | -7.0% |
| 1999 | S$557 psf | S$725k | 3 | -11.6% |
| 1998 | S$630 psf | S$790k | 5 | -15.0% |
| 1996 | S$741 psf | S$885k | 23 | — |
Yearly median transacted PSF and price; years with at least 2 recorded sales. Source: URA caveat data.
How many property agents are active around Monarchy Apartments?
5,863 CEA-registered agents closed at least one recorded deal in District 11 — where Monarchy Apartments sits — in the last 12 months, across all property types.
Active agents · 12mo
5,863
District 11 · closed ≥1 deal
Deals on record
30,351
all-time · all property types
Source: CEA public transaction records, attributed to District 11across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.
Where is Monarchy Apartments and what's nearby?
Monarchy Apartments is located in Novena, in the Central Region of Singapore.
Monarchy Apartments is a freehold apartment completed in 1997. It was developed by QUEENS SQUARE INVESTMENT PTE LTD (LAND RESOURCES). The development has 39 residential units. It sits on a land area of 1,767 sqm and has a gross floor area of 4,946 sqm. The plot ratio is 2.8.
MONARCHY APARTMENTS is located at 51 Mandalay Road, Singapore 308231. It is part of District 11, Watten Estate / Novena / Thomson, Novena. The project falls within the Central Region and the CCR market segment.
The nearest rail connection is Novena MRT, approximately 850m away, around 13 minutes on foot. Nearby amenities include Square 2 for shopping, NTUC Fairprice Co-operative Ltd for groceries, Blks 91/92 Whampoa Drive # for food options, and Toa Payoh Town Pk for greenery and recreation. Facilities in the development include Covered car park, 24 hours security, and Tennis courts.
Who built Monarchy Apartments and how big is the development?
Monarchy Apartments was developed by QUEENS SQUARE INVESTMENT PTE LTD (LAND RESOURCES), with 39 units over up to 14 storeys.
- Developer
- QUEENS SQUARE INVESTMENT PTE LTD (LAND RESOURCES)
- Floors
- 14 storeys
- Blocks
- 1
- Land area
- 1,767 sqm (19,020 sqft)
- Gross floor area
- 4,946 sqm (53,238 sqft)
- Plot ratio
- 2.80
How far is Monarchy Apartments from MRT and schools?
The nearest MRT/LRT to Monarchy Apartments is Novena MRT, about 850 m away (~13 min walk). 3 schools are within 1 km, including 2 primary schools.
Getting around
- Novena MRT850 m · ~13 min
- Toa Payoh MRT920 m · ~14 min
Schools nearby
Homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.
- Northlight SchoolSecondary schoolwithin 1 km890 m
- Hong Wen SchoolPrimary schoolwithin 1 km · P1 priority900 m
- St. Joseph's Institution JuniorPrimary schoolwithin 1 km · P1 priority931 m
- Chij Secondary (Toa Payoh)Secondary school1.1 km
- Bendemeer Secondary SchoolSecondary school1.2 km
- Chij Primary (Toa Payoh)Primary school1.3 km
- Farrer Park Primary SchoolPrimary school1.4 km
- Kheng Cheng SchoolPrimary school1.4 km
Shops, food & parks
Straight-line distances from the development. Source: PropKaki amenities data.
What facilities does Monarchy Apartments have?
Monarchy Apartments has 3 facilities, including Covered car park, 24 hours security, Tennis courts.
What does it cost to own a unit at Monarchy Apartments?
Buying a unit at Monarchy Apartments (~S$1.28M) needs about S$9,370/mo in income and S$4,311/mo in repayments, after S$35,800 stamp duty and a S$320k downpayment.
Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$1.28M) as their first home — 25% down, 30-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →
Buyer's Stamp Duty
S$35,800
BSD, tiered
Downpayment (25%)
S$320k
cash + CPF
Monthly instalment
S$4,311/mo
30y @ 3.5%
Income required
S$9,370/mo
TDSR @ stress rate
Weighing it up as an investment? Gauge the odds with the profitability model, or read how to tell if a condo is profitable →
Thinking about Monarchy Apartments? Ask before you commit.
A fair-value read, recent comps and what a unit really costs — from Monarchy Apartments's own transactions.
PropKakiRecent units at Monarchy Apartments sold close to their fair value — solid, no obvious overpay.
Frequently asked questions about Monarchy Apartments
How much does a unit at Monarchy Apartments cost?⌄
Units at Monarchy Apartments have recently transacted around S$1.28M (S$1,044 psf), from 60 sales on record (URA caveats). The exact price depends on size, floor and facing.
How much do I need to earn to buy at Monarchy Apartments?⌄
For a unit around S$1.28M as a first home, you'd need roughly S$9,370/mo in income (assessed at the stress-test rate), with repayments near S$4,311/mo after a S$320k (25%) downpayment and S$35,800 Buyer's Stamp Duty.
Is Monarchy Apartments a good investment?⌄
Gross rental yield is about 2.5%; median PSF has risen about 49% since 1996. Whether it suits you depends on your budget, holding period and the unit's size, floor and facing — all summarised on this page from URA data.
Are prices at Monarchy Apartments going up?⌄
The median transacted PSF at Monarchy Apartments has risen about 49% between 1996 and 2019, based on URA caveats. Year-by-year figures are in the price-trend table above.
Is Monarchy Apartments freehold or leasehold?⌄
Monarchy Apartments is freehold — ownership does not expire.
When was Monarchy Apartments built and who developed it?⌄
Monarchy Apartments obtained TOP in 1997, developed by QUEENS SQUARE INVESTMENT PTE LTD (LAND RESOURCES), with 39 units across 1 block.
What is the nearest MRT to Monarchy Apartments?⌄
The nearest MRT/LRT station to Monarchy Apartments is Novena MRT, about 850 m away (~13 min walk).
Which primary schools are within 1 km of Monarchy Apartments?⌄
Hong Wen School, St. Joseph's Institution Junior are within 1 km of Monarchy Apartments — homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.