Completed 1997

Monarchy Apartments

D11 · Newton / Novena · 51 Mandalay Road

A 39-unit freehold apartment in D11, completed in 1997. Developed by Queens Square Investment Pte Ltd (Land Resources).

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

Freehold

Tenure

1997

Completed

Units

1.1 km

Novena MRT

Floor plans →

What brings you to Monarchy Apartments?

Buying here? Get a second opinion. The last recorded sale here was $1.69M ($1,454 psf) in Jul 2023. Our consultants can run the numbers against your budget: which stack, what to pay, what to avoid. Free for buyers of private property.

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Get a second opinion

02 — Prices

Monarchy Apartments prices

All sales on record

Sales on record

Jul 2023

Latest sale

Average $psf by year

In 2023, sales here averaged $1,454 psf, 42% below the D11 average of $2,526 psf for private homes (condos, apartments and ECs).

This condoD11 average

$2,700 $1,550 $400

$460

2004’04

$468

2006’06

$650

2007’07

$752

2009’09

$778

2010’10

$1,010

2012’12

$1,025

2015’15

$1,063

2018’18

$1,102

2019’19

$998

2021’21

$1,290

2022’22

$1,454

2023’23

Show as a table

Year	This condo	D11 average
2023	$1,454	$2,526
2022	$1,290	$2,161
2021	$998	$1,847
2019	$1,102	$1,808
2018	$1,063	$1,677
2015	$1,025	$1,517
2012	$1,010	$1,651
2010	$778	$1,501
2009	$752	$1,236
2007	$650	$1,130
2006	$468	$886
2004	$460	$702

Sales by year

19 sales since 2007; the busiest year was 2010 with 5. The 2026 bar covers Jan–Nov.

2.5

Show as a table

Year	Resale	Total
2026	0	0
2025	0	0
2024	0	0
2023	1	1
2022	1	1
2021	1	1
2020	0	0
2019	3	3
2018	1	1
2017	0	0
2016	0	0
2015	2	2
2014	0	0
2013	0	0
2012	2	2
2011	0	0
2010	5	5
2009	1	1
2008	0	0
2007	2	2

Latest sales

5 sales, newest first. Units show the floor only.

DateUnitSizePrice$psfType

11 Jul 2023#09-XX1,163 sq ft · 3-Bedroom$1.69M$1,454 psfResale

10 Mar 2022#14-XX1,163 sq ft · 3-Bedroom$1.5M$1,290 psfResale

11 Jun 2021#03-XX1,302 sq ft · 3-Bedroom$1.3M$998 psfResale

18 Nov 2019#02-XX1,163 sq ft · 3-Bedroom$1.28M$1,101 psfResale

5 Mar 2019#12-XX1,216 sq ft · 3-Bedroom$1.27M$1,044 psfResale

3-Bedroom units · average price and $psf, last 12 months

Monarchy ApartmentsThis condo · Freehold · no 3-bedroom sales we could match, last 12 months –

D11 median3-Bedroom sales we could match, last 12 months $2.98M$3,085 psf

De Royale410 m · 2006 · Freehold · 4 sales $2.46M$1,947 psf The Arte950 m · 2010 · Freehold · 5 sales $3.08M$1,979 psf Oleander Towers1.1 km · 1997 · 99-yr from 1995 · 4 sales $1.86M$1,620 psf Sanctuary@newton1.3 km · 2025 · Freehold · 3 sales $2.51M$2,383 psf Riverbay1.4 km · 2014 · 999-yr · 4 sales $1.54M$1,632 psf

Last 12 monthsNo sales in the last 12 months.

Source: URA caveats, Nov 2026.

03 — Rent

Monarchy Apartments rent

Leases starting Sep 2025–Aug 2026

Leases

$5,500

Median rent a month

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

By bedroom type

TypeLeasesMedian rentMiddle halfD11 median

3-Bedroom7 leases$5,500 median$4,800 – $5,500D11 $6,400

Rent and yield compared with nearby condos

Est. gross yield, with median rent a month · nearest condos with 5+ leases

Monarchy ApartmentsThis condo · Freehold · 7 leases $5,500 renttoo few sales for a yield

D11 medianAll condo leases, same months 2.1%$4,800 median rent

The Axis30 m · 2009 · Freehold · 19 leases 3.2%$3,783 median rent Shaw Plaza - Twin Heights110 m · 1999 · Freehold · 25 leases 2.6%$5,050 median rent Montebleu110 m · 2010 · Freehold · 37 leases 2.9%$4,000 median rent Verticus190 m · 2024 · Freehold · 59 leases 2.9%$4,000 median rent Pavilion 11200 m · 2009 · Freehold · 48 leases 2.9%$5,900 median rent

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

Monarchy Apartments floor plans by bedroom type

6 layouts, from a 1,152 sq ft 3-bedroom to a 1,302 sq ft 3-bedroom. Pick a type to see its floor plans.

Bedroom typeLayoutsSize range

3-Bedroom 6 1,152 – 1,302 sq ft 6 layouts · 1,152 – 1,302 sq ft

C11,152 sq ft B11,216 sq ft A11,302 sq ft A1,163 sq ft

Source: Developer floor plans; bedroom counts read by Stacked

05 — Location

Near Monarchy Apartments

MRT stations

NS Novena 1.1 km · 14 min walk

NS Toa Payoh 1.5 km · 18 min walk

NE Farrer Park 1.7 km · 20 min walk

NE Boon Keng 1.9 km · 23 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

Hong Wen SchoolPopular 900 m · 16 min walk

St. Joseph's Institution Junior 920 m · 16 min walk

Within 2 km

CHIJ Primary (Toa Payoh)Popular 1.3 km · 20 min walk

Farrer Park Primary School 1.4 km · 22 min walk

Kheng Cheng SchoolPopular 1.4 km · 24 min walk

Pei Chun Public SchoolPopular 1.5 km · 24 min walk

Bendemeer Primary School 1.7 km · 29 min walk

Anglo-Chinese School (Primary)Popular 1.8 km · 30 min walk

St Andrew's School (Junior) 1.8 km · 39 min walk

First Toa Payoh 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 Toa Payoh Town Park 850 m · 10 min

Clinic S Y Lee Clinic 350 m · 4 min

Supermarket FairPrice 360 m · 4 min

Hawker centre Whampoa Drive Makan Place/Whampoa Market 680 m · 8 min

Map of the area around Monarchy Apartments, with nearby MRT stations and primary schools — Map data © OpenStreetMap contributors

Source: OneMap walking routes, Nov 2026

06 — Nearby

Condos and supply around Monarchy Apartments

Closest condos

The Axis30 m · 2009 · Freehold avg $1.43M$1,798 psf Mandale Heights70 m · 2004 · Freehold avg $780k$1,367 psf Nova 8880 m · 2012 · Freehold avg $1.85M$1,706 psf Goodwill Mansion90 m · 1982 · Freehold

New launches within 2 km

The Serra Residences320 m · Freehold The Bronze340 m

Upcoming supply

Dorset Road1.2 km · about 404 units · 1.04 ha Awarded · $14,405 psm GFA · Oct 2025

Lorong 1 Toa Payoh1.5 km · about 735 units · 1.57 ha Awarded · $14,640 psm GFA · Nov 2023

Kitchener Link1.7 km · about 140 units · 0.42 ha Available for application

Peck Hay Road2.2 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 — From Stacked

Questions about Monarchy Apartments

Is Monarchy Apartments freehold?

Yes. Monarchy Apartments is a freehold apartment.

When was Monarchy Apartments completed?

1997.

How many units does Monarchy Apartments have?

39 units, up to 14 storeys.

What sizes are the 3-bedroom units?

1,152 to 1,302 sq ft across six layouts.

When was the last sale?

Jul 2023. There are 60 sales on record.

How much is the rent at Monarchy Apartments?

Leases starting Sep 2025–Aug 2026 had a median rent of $5,500 a month ($5,500 for a 3-bedroom).

What is the nearest MRT station?

Novena (NS), a 14-minute walk (1.1 km). Toa Payoh (NS) is 1.5 km away.

Which primary schools are within 1 km?

Hong Wen School, 900 m away and St. Joseph's Institution Junior, 920 m away.

Who developed Monarchy Apartments?

Queens Square Investment Pte Ltd (Land Resources).

Answers generated from the data on this page, Nov 2026