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Condo prices · D10

Mon Jervois

Jervois Road · D10 · Core central region · Condominium

The median sale at Mon Jervois was $1,950,000 — $1,910 psf — across 26 transactions between Dec 2021 and May 2026. 99-year lease from 2012.

Median price
$1,950,000
26 sales in the window.
Median per sq ft
$1,910 psf
Median unit 1,033 sq ft.
Lease remaining
85 years
99-year lease from 2012

Mon Jervois saw three sales in the past 12 months. A median over that is a record of what happened, not a rate you could expect to transact at.

What it costs per month of lease

A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.

Price per month of lease
$1,912
$1,950,000 over 85 years remaining.
Per sq ft per year
$22.20
What a square foot of this development costs for one year of lease.
Lease expires
2111
14 per cent of the lease already run.

This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.

Year by year

Too few sales in one or both ends of the window to quote a change, so the years are given as they are.

  • 2021one sale$1844
  • 2022seven sales$1914
  • 2023seven sales$1905
  • 2024three sales$1871
  • 2025five sales$1953
  • 2026three sales$1968
Show the figures
YearMedian pricePer sq ftSales
2021$2,600,000$1,844 psf1
2022$1,920,000$1,914 psf7
2023$2,600,000$1,905 psf7
2024$1,800,000$1,871 psf3
2025$2,728,000$1,953 psf5
2026$1,228,888$1,968 psf3

What it rents for

URA’s median of rental contracts lodged at Mon Jervois in 2024Q4, per square foot per month.

Median rent per sq ft
$4.75
A month. Middle half of contracts ran $4.27 to $5.25.
Gross yield
2.98%
A year of median rent against the median sale price.
Median sale per sq ft
$1,910 psf
The figure the rent is divided into.

Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.

Other developments in D10

Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.