MONTEBLEU

MINBU ROAD
RESALE CONDODistrict 11
Novena MRT · 10 min walk (797m)CCRFreehold
Gross Yield
3.1%
Median Rent
$4,246
per month
Total Units
151
2Y PSF Change
+9.2%
14 txns in 24m
Median PSF
1,961
1.0% QoQ
Total Sales
33
since 2021-03
Price Range
$1.1M$4.2M
all-time
Unit Size
1,143 sqft
Floors 131

UrbanLens Analysis

MONTEBLEU commands $1,991 PSF -- NaN% below what District 11 typically fetches ($0 PSF). Novena MRT is 797m away (10-min walk), functional but not a headline selling point.

Prices are up 9.2% over two years, reflecting genuine buyer interest without bubble-level exuberance. With 14 deals in two years, the pricing data has reasonable statistical weight.

Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Gross yield of 3.1% beats the CCR average of 0.0%. With $4,246/month median rent, income-focused buyers have a real case here.

At 151 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity. In the Core Central region, buyers expect premium finishes and brand cachet -- any shortfall directly impacts resale velocity.

PSF Trend

Quarterly
1,977
2023-Q3
1,946
2023-Q4
2,011
2024-Q2
2,037
2024-Q3
1,932
2024-Q4
1,936
2025-Q1
1,962
2025-Q3
1,982
2025-Q4

Recent Transactions

Data refreshed monthly · Last transaction: Oct 2025
DatePriceSizePSFFloor
Oct 2025$1,600,000807 sqft$1,98221-25
Aug 2025$1,650,000807 sqft$2,04426-30
Jul 2025$2,350,0001,227 sqft$1,91516-20
Jul 2025$1,668,000850 sqft$1,96206-10
Mar 2025$1,068,000570 sqft$1,87216-20
Jan 2025$1,700,000850 sqft$1,99921-25
Dec 2024$1,560,000807 sqft$1,93221-25
Nov 2024$1,600,000850 sqft$1,88206-10
Nov 2024$1,660,000850 sqft$1,95216-20
Jul 2024$1,620,000807 sqft$2,00726-30
Showing 10 of 33 transactions

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