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Condo prices · D11

Montebleu

Minbu Road · D11 · Core central region · Condominium

The median sale at Montebleu was $1,660,000 — $1,952 psf — across 29 transactions between Nov 2021 and Oct 2026. Freehold.

Median price
$1,660,000
29 sales in the window.
Median per sq ft
$1,952 psf
Median unit 850 sq ft.
Lease remaining
Freehold
Freehold

What it costs per month of lease

Montebleu is freehold, so there is no lease to divide by and no expiry to discount towards. That is the whole of what a buyer is paying the freehold premium for. It runs about a tenth over leasehold on resales in the core central region and in the suburbs, and the city fringe reads the other way. Why that is, and why the national figure is bigger and worse.

Year by year

The median moved up 20 per cent a square foot between 2021 and 2026. The sale count beside each year is how much evidence that year rests on.

  • 2021four sales$1655
  • 2022four sales$1745
  • 2023two sales$1962
  • 2024eight sales$2008
  • 2025six sales$1972
  • 2026five sales$1982
Show the figures
YearMedian pricePer sq ftSales
2021$1,970,000$1,655 psf4
2022$2,015,000$1,745 psf4
2023$2,685,000$1,962 psf2
2024$1,684,000$2,008 psf8
2025$1,659,000$1,972 psf6
2026$1,600,000$1,982 psf5

What it rents for

URA’s median of rental contracts lodged at Montebleu in 2026Q3, per square foot per month.

Median rent per sq ft
$5.13
A month. Middle half of contracts ran $4.73 to $5.72.
Gross yield
3.15%
A year of median rent against the median sale price.
Median sale per sq ft
$1,952 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 D11

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.