MONARCHY APARTMENTS
UrbanLens Analysis
MONARCHY APARTMENTS is a boutique freehold development of 39 units on MANDALAY ROAD in District 11. Located 11 minutes on foot from Novena MRT, it benefits from moderate rail connectivity. However, there have been no meaningful resale transactions in recent periods, making current market pricing opaque.
Without recent transaction data, buyers must rely on the competitive set for pricing guidance. Nearby WATTEN HOUSE trades at $3,264 PSF and has moved +1.8% recently. SANCTUARY@NEWTON at $2,691 PSF provides another reference point, having shifted +1.7%. AMARYLLIS VILLE ($2,060 PSF) rounds out the local competitive picture.
District 11 private stock carries a median of $1,983 PSF and an average gross yield of 3.01%. With only 39 units, MONARCHY APARTMENTS is a boutique project where liquidity is inherently thin. Prospective buyers in this prime core pocket should factor in limited price discovery and potential resale difficulty when evaluating entry.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| WATTEN HOUSE | $3,264 | — | +1.8% |
| SANCTUARY@NEWTON | $2,691 | — | +1.7% |
| AMARYLLIS VILLE | $2,060 | 3.0% | +8.8% |
| PARK INFINIA AT WEE NAM | $2,425 | 2.7% | +4.3% |
| SOLEIL @ SINARAN | $2,070 | 3.3% | +4.4% |
PSF Trend
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