Mandalay Towers

Apartment · in Novena, District 11, Singapore · Freehold · Completed 1974

Data through 1 April 2026

Mandalay Towers project gallery

Site plan is shown first when available. Scroll to view more project images.

Intro: Mandalay Towers offers spacious, older-generation freehold apartments in Novena that cater to those prioritizing generous floor plans over modern frills, all while keeping you within a ten-minute walk of the MRT 🚆.
Good to know: Features rare, massive layouts including units exceeding 5,000 sqft 🏠; Located within 1km of St. Joseph's Institution Junior and other key schools 🏫; Situated in the heart of the Novena medical and commercial hub 🏥.
Practical note: As a 1974-built property, the building shows its age and lacks the extensive recreational facilities found in newer developments, making it better suited for buyers who value space and location over lifestyle amenities.

D11CCRCentralNovena

REALSCOREⓘ

Profitability rank across Singapore

2.3

Annual Returns

Avg annualized profit (past 1y)

5.9%

< 1km

MRT Station

Near

$1M+ HDB

> 1K

MOPs in Town

Mega

Development

< 10y

Property Age

100%

Profitable

Top 20

Schools

50+

Deals Past Yr

Mandalay Towers project details

Street

Mandalay Road

Property Type

Apartment

Completion

1974

Total Units

-1

Plot Ratio

2.8

Unit Size

2,497 - 5,059 sqft

Tenure

Freehold

Lease Remaining

Freehold

Postal Sector

MRT and LRT stations near Mandalay Towers

Novena575 m MRTNS20
Toa Payoh950 m MRTNS19

See details on nearby stations

Primary schools near Mandalay Towers

St. Joseph'S Institution Junior766 m
Hong Wen School955 m

See details on nearby schools

Mandalay Towers price, PSF and transaction trends

HDB Buyers

$65.4M+

Total Transacted

01-05-1995

First Transacted

11-04-2025

Last Transacted

Total Transactions

Mandalay Towers transaction volume

New SaleSub SaleResale

Among the latest 12 recorded sales for Mandalay Towers, the median price was S$2,425,000 and the median PSF was S$935 psf. The newest record shown is from 11 April 2025. The annual project median was 82.4% higher in 2025 than in 2014; unit mix can affect year-to-year comparisons.

Recent Mandalay Towers transactions

Date	Sale type	Price	PSF	Size
11 April 2025	Resale	S$3,930,000	S$1,567 psf	2,508 sqft
8 March 2022	Resale	S$3,200,000	S$1,276 psf	2,508 sqft
5 April 2021	Resale	S$2,800,000	S$1,116 psf	2,508 sqft
26 March 2021	Resale	S$2,800,000	S$1,116 psf	2,508 sqft
23 October 2019	Resale	S$4,200,000	S$830 psf	5,059 sqft

Mandalay Towers median transaction PSF (S$)

Mandalay Towers annual price trend

Year	Median price	Median PSF	Recorded sales
2025	S$3,930,000	S$1,567 psf	1
2022	S$3,200,000	S$1,276 psf	1
2021	S$2,800,000	S$1,116 psf	2
2019	S$4,200,000	S$830 psf	1
2017	S$2,300,000	S$917 psf	1
2016	S$2,330,000	S$929 psf	1
2015	S$2,310,000	S$921 psf	1
2014	S$2,200,000	S$859 psf	1

80.0%

% Profitable

Profitable

Unprofitable

> 6% Annualized

7.5 yrs

Avg Holding

$10.8M

Total Profits

Mandalay Towers annualized profit %

View full details

Mandalay Towers rental prices and estimated yield

Past 1 month

$2.41

Avg PSF Rental

No. of Rentals

1.9%

Est. Rental Yield

Among the latest 12 recorded rental contracts for Mandalay Towers, the median monthly rent was S$6,200, with records ranging from S$3,000 to S$12,000.

Recent Mandalay Towers rental contracts

Lease date	Bedrooms	Monthly rent	Est. PSF	Area
1 April 2026	—	S$6,500	S$3 psf	2500-2600
1 March 2026	—	S$5,000	S$2 psf	2500-2600
1 March 2026	—	S$7,000	S$3 psf	2500-2600
1 January 2026	—	S$6,100	S$2 psf	2500-2600
1 December 2025	—	S$6,200	S$2 psf	2500-2600

Mandalay Towers rental volume

View full details

Frequently asked questions about Mandalay Towers

How much do units at Mandalay Towers cost?

The latest 12 recorded sales show a median price of S$2,425,000 and a median of S$935 psf. Actual prices vary by floor, size, facing, condition and sale date.

What are the rental price and estimated yield at Mandalay Towers?

The latest recorded median monthly rent is S$6,200 and the estimated rental yield based on the past six months is 1.9%. Rental yield is indicative and can vary by unit and costs.

Is Mandalay Towers freehold or leasehold?

Mandalay Towers has a tenure of Freehold.

When was Mandalay Towers completed?

Mandalay Towers was completed in 1974.

Which MRT or LRT station is nearest to Mandalay Towers?

Novena is the nearest station shown, at an estimated straight-line distance of 575 metres.

Which primary schools are near Mandalay Towers?

The primary schools shown within the page’s one-kilometre search are St. Joseph'S Institution Junior (766 m) and Hong Wen School (955 m). Distances are estimates and do not determine school-admission eligibility.

Data sources and methodology

Sale and rental records are based on URA private residential property market data. REALSMART calculates project-level medians, chart groupings, profitability indicators, straight-line distances and estimated rental yields. Data on this page runs through 1 April 2026. Figures are indicative and do not constitute financial advice.