51 Mandalay Road 308231, Balestier, Central Region, Singapore
$5,000 /month






















Available 15/12/2025 Fully furnished Spacious 3 bedrooms with separate utility room and yard area Wet Market, 2 food centre, supermarket, bus stop within walking distance Short drive to Toa Payoh Town Centre or the shopping malls at Novena (e.g. Square 2, Novena Square and United Square) for a wider array of amenities. Near the business hub or the vibrant Orchard Road shopping district, only about 10 minutes drive via Central Expressway and Scotts Road respectively. Call Angeline Liang 9026XXXX :) Thank you
D11 - Novena
Novena MRT
1 January 1998
Small (39 units)
39 units
1 Block, 14 Floors
Queens Square Investment Pte Ltd (Land Resources)
Monarchy Apartments has a total of 39 units, from 3 Bed - 2 Bath to 3 Bed - 2 Bath units. There are 6 types of floor plans from 1,152 sqft to 1,302 sqft.
Monarchy Apartments has 1 block and up to 14 storeys.
Monarchy Apartments is a freehold Condo Apartment located in Novena, District 11. Completed in 1998, it has a total of 1 blocks within the development and comprises a total of 39 units. It is within walking distance to MRT stations such as Novena MRT and Novena MRT, which provide residents easy access to other areas of Singapore. For young couples or families with children, Monarchy Apartments is also close to schools like Yorick - Pro Tennis Coaching & Lessons, Cidesco Conventions Pte. Ltd. and Mindful Learning & Enrichment @ zanoziwa. If you're wondering about what you can do around the area, residents can head to nearby supermarkets like Kwong Chai Medical Hall and Chop Singli for groceries and household products. Never worry about your health emergencies or regular health checkups with access to nearby clinics such as Gamma Knife Centre. Singpost Post Box is the nearest post office where you can get your postal services done. For your leisure and entertainment, head down to the local park - Whampoa Park Connector, to enjoy some fresh air.
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Total Transactions
3
Average Price
S1.5M
Total Value
S4.5M
Calculating fair value from URA transaction data…


License: L3004482D
Estimated sale value based on 1003 URA transactions · 6 outliers removed (IQR)
Fair Value
S$2.05M
S$1,684 psf
Asking Price
S$5,000
S$5 psf
Listing Type
Rental
Sale value shown for reference
vs Last Done
-99.7%
Tenure
Freehold
No lease decay
Confidence
High
1003 comps
Nearest MRT
Novena
847m away · +1% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
1003 comparable transactions
S$1,635
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×1.000
MRT Proximity
Within 500m / 1km
+1%
AI Condition Premium
HELIOS scan of listing description
+2%
Adjusted Fair Value PSF
S$1,684
Recent Comparable Transactions
10 shown · 1003 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneJul 2023 | MANDALAY ROAD Floor 06-10 | 1,163sqft | S$1,690,000 | ▼S$1,454 -13.7% vs FV | Freehold |
Jul 2023 | MANDALAY ROAD Floor 06-10 | 1,163sqft | S$1,690,000 | ▼S$1,454 -13.7% vs FV | Freehold |
Mar 2022 | MANDALAY ROAD Floor 11-15 | 1,163sqft | S$1,500,000 | ▼S$1,290 -23.4% vs FV | Freehold |
Jun 2021 | MANDALAY ROAD Floor 01-05 | 1,302sqft | S$1,300,000 | ▼S$998 -40.7% vs FV | Freehold |
Aug 2025 | MINBU ROAD Floor 26-30 | 807sqft | S$1,650,000 | ▲S$2,044 +21.4% vs FV | Freehold |
Aug 2025 | LORONG AMPAS Floor 11-15 | 1,066sqft | S$1,750,000 | ▼S$1,642 -2.5% vs FV | Freehold |
Aug 2025 | BALESTIER ROAD Floor 01-05 | 689sqft | S$1,020,000 | ▼S$1,481 -12.1% vs FV | Freehold |
Aug 2025 | BALESTIER ROAD Floor 01-05 | 1,378sqft | S$2,200,000 | ▼S$1,597 -5.2% vs FV | Freehold |
Aug 2025 | LORONG LIMAU Floor 16-20 | 441sqft | S$800,000 | ▲S$1,813 +7.7% vs FV | Freehold |
Aug 2025 | LORONG LIMAU Floor 11-15 | 581sqft | S$980,000 | ▲S$1,686 +0.1% vs FV | Freehold |
Aug 2025 | AH HOOD ROAD Floor 16-20 | 506sqft | S$835,000 | ▼S$1,650 -2.0% vs FV | Freehold |
MANDALAY ROAD
Jul 2023 · Floor 06-10
-13.7% vs FV
MANDALAY ROAD
Jul 2023 · Floor 06-10
-13.7% vs FV
MANDALAY ROAD
Mar 2022 · Floor 11-15
-23.4% vs FV
MANDALAY ROAD
Jun 2021 · Floor 01-05
-40.7% vs FV
MINBU ROAD
Aug 2025 · Floor 26-30
+21.4% vs FV
LORONG AMPAS
Aug 2025 · Floor 11-15
-2.5% vs FV
BALESTIER ROAD
Aug 2025 · Floor 01-05
-12.1% vs FV
BALESTIER ROAD
Aug 2025 · Floor 01-05
-5.2% vs FV
LORONG LIMAU
Aug 2025 · Floor 16-20
+7.7% vs FV
LORONG LIMAU
Aug 2025 · Floor 11-15
+0.1% vs FV
AH HOOD ROAD
Aug 2025 · Floor 16-20
-2.0% vs FV
HELIOS AI-Detected Boosters
HELIOS AI Analysis
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.