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Singapore Property News, Insights and Analysis

Completed 2010

M21

D11 · Newton / Novena · 21 Mandalay Road

A 61-unit freehold apartment in D11, completed in 2010. Developed by FORTUNE CAPITAL PTE LTD.

Source: Condo master (URA caveats); URA transactions, Nov 2026

Freehold
Tenure
$1,996
Avg $psf, 12 months
3
Sales, 12 months
2010
Completed

What brings you to M21?

Buying here? Get a second opinion. 4-bedders here sold for $3.38M to $3.539M over the last 12 months. Our consultants can run the numbers against your budget: which stack, what to pay, what to avoid. Free for buyers of private property.

Stacked works with licensed property agents.

Get a second opinion
02 — Prices

M21 prices

Last 12 months
3
Sales
$1,996
Average $psf
$1,926 – $2,044
$psf range
$2.75M – $3.54M
Price range
By bedroom type
Last 12 months
TypeSalesAvg $psfPrice rangeSize
3-Bedroom1 sale$2,044 psf$2.75M1,346 sq ft
4-Bedroom2 sales$1,972 psf$3.38M – $3.54M1,755 sq ft

Prices by bedroom type are based on matching sales to unit sizes.

By unit size
Last 3 years
SizeSalesAvg $psfAvg pricePrice range
900–1,099 sq ft3 sales$1,692 psfAvg $1.8M$1.75M – $1.86M
1,300–1,599 sq ft1 sale$2,044 psf$2.75M
1,600–1,999 sq ft3 sales$1,922 psfAvg $3.37M$3.2M – $3.54M
Average $psf by year
In 2025, sales here averaged $1,689 psf, 22% below the D11 average of $2,173 psf for private homes (condos, apartments and ECs).
This condoD11 average
Show as a table
YearThis condoD11 average
2026$1,996$2,580
2025$1,689$2,173
2024$1,737$2,214
2023$1,307$2,526
2022$1,649$2,161
2021$1,556$1,847
2020$1,412$1,837
2019$1,471$1,808
2018$1,433$1,677
2017$1,331$1,714
2016$1,376$1,558
2015$1,433$1,517
Sales by year
105 sales since 2007; the busiest year was 2010 with 17. The 2026 bar covers Jan–Nov.
New saleSub saleResale
Show as a table
YearNew saleSub saleResaleTotal
20260033
20250011
20240033
20230011
20220055
2021001212
20200033
20190044
2018001010
20170044
20160022
20150022
20140011
20130077
2012001515
20110055
2010116017
20090000
20080000
2007100010
Sales in the last two years
4 sales, newest first. Units show the floor only.
DateUnitSizePrice$psfType
17 Jul 2026#08-XX1,346 sq ft · 3-Bedroom$2.75M$2,044 psfResale
29 Jun 2026#10-XX1,755 sq ft · 4-Bedroom$3.38M$1,926 psfResale
1 Apr 2026#16-XX1,755 sq ft · 4-Bedroom$3.54M$2,017 psfResale
1 Aug 2025#10-XX1,066 sq ft · 2-Bedroom$1.8M$1,689 psfResale
Compared with nearby condos
Compared with D11 and the five nearest similar condos · average $psf and price, all unit sizes

Prices by bedroom type are based on matching sales to unit sizes.

Source: URA caveats, Nov 2026. The 2026 averages cover Jan–Nov.

03 — Rent

M21 rent

Leases starting Sep 2025–Aug 2026
8
Leases
$6,800
Median rent a month
$3.22M
Avg sale price, 12 months
2.5%
Est. gross yield

D11 median rent: $4,800 a month; est. gross yield 2.1%.

By bedroom type
TypeLeasesMedian rentMiddle halfD11 median
2-Bedroom3 leases$5,000 median$4,200 – $5,100D11 $4,500
4-Bedroom5 leases$7,200 median$6,800 – $7,350D11 $9,000
Rent and yield compared with nearby condos

Estimated gross yield: a year of median rent (leases starting Sep 2025–Aug 2026) over the average sale price of the last 12 months, before costs. No yield is shown with fewer than 3 sales in the year. Rents and sale prices both cover roughly the last 12 months, so read the yield as a guide to that year rather than an exact figure. A higher yield often reflects a lower price, such as an older lease, rather than a better buy.

Source: URA rental contracts, Aug 2026

04 — Unit mix

M21 floor plans by bedroom type

10 layouts, from a 710 sq ft 1-bedroom to a 3,197 sq ft 4-bedroom. Pick a type to see its floor plans.

Source: Developer floor plans; bedroom counts read by Stacked

05 — Location

Near M21

MRT stations
NS Novena 920 m · 11 min walk
NE Farrer Park 1.5 km · 19 min walk
NS Toa Payoh 1.7 km · 21 min walk
NE Boon Keng 2.1 km · 25 min walk

Walking times and distances are estimates from OneMap walking routes; a station without a walking time shows the straight-line distance. Check OneMap for your exact route.

Primary schools
Within 1 km
St. Joseph's Institution Junior 640 m · 12 min walk
Hong Wen SchoolPopular 980 m · 18 min walk
Within 2 km
Farrer Park Primary School 1.1 km · 19 min walk
CHIJ Primary (Toa Payoh)Popular 1.4 km · 23 min walk
Anglo-Chinese School (Primary)Popular 1.5 km · 27 min walk
Kheng Cheng SchoolPopular 1.7 km · 28 min walk
Anglo-Chinese School (Junior)Popular 1.7 km · 32 min walk
Pei Chun Public SchoolPopular 1.7 km · 28 min walk
Bendemeer Primary School 1.8 km · 31 min walk

Distances are straight-line, which is what the 1 km and 2 km bands refer to; walking times are estimates from OneMap walking routes. Check the MOE website for confirmation.

Everyday amenities
Park Pek Kio Park 960 m · 12 min
Clinic S Y Lee Clinic 590 m · 7 min
Supermarket FairPrice 570 m · 7 min
Hawker centre Whampoa Drive Makan Place/Whampoa Market 840 m · 10 min
Map of the area around M21, with nearby MRT stations and primary schools
Map data © OpenStreetMap contributors

Source: OneMap walking routes, Nov 2026

06 — Nearby

Condos and supply around M21

Upcoming supply
Dorset Road1.0 km · about 404 units · 1.04 ha Awarded · $14,405 psm GFA · Oct 2025
Kitchener Link1.6 km · about 140 units · 0.42 ha Available for application
Lorong 1 Toa Payoh1.7 km · about 735 units · 1.57 ha Awarded · $14,640 psm GFA · Nov 2023
Peck Hay Road1.9 km · about 299 units · 0.55 ha Awarded · $20,076 psm GFA · Jun 2026

Source: URA transactions; URA land sales; OneMap distances, Nov 2026

07 — FAQ

Questions about M21

Is M21 freehold?

Yes. M21 is a freehold apartment.

When was M21 completed?

2010.

How many units does M21 have?

61 units, up to 17 storeys.

What sizes are the 1-bedroom units?

710 to 743 sq ft across two layouts.

What is the price psf at M21?

3 sales in the last 12 months averaged $1,996 psf, ranging from $1,926 to $2,044 psf.

What did the latest sale go for?

A 1,346 sq ft unit sold for $2.75M ($2,044 psf) on 17 Jul 2026.

How much is the rent at M21?

Leases starting Sep 2025–Aug 2026 had a median rent of $6,800 a month ($5,000 for a 2-bedroom and $7,200 for a 4-bedroom). That is an estimated gross yield of about 2.5%, before costs.

What is the nearest MRT station?

Novena (NS), an 11-minute walk (920 m). Farrer Park (NE) is 1.5 km away.

Which primary schools are within 1 km?

St. Joseph's Institution Junior, 640 m away and Hong Wen School, 980 m away.

Who developed M21?

FORTUNE CAPITAL PTE LTD.

Answers generated from the data on this page, Nov 2026