M21

D11 (CCR) Freehold

Located in District 11 (Watten Estate, Novena, Thomson), M21 is a freehold condominium in the Core Central Region (CCR). Completed in 2012, the development comprises 61 units. This page tracks recorded sale prices, rental contracts and yield trends from URA data.

Private SPI 132.1 +7.96% MoM · +3.05% YoY July 2026
7.1
ShiokNest Score
Excellent
Total Units61
TOP Year2012

M21

Total Units61
TOP Year2012
DeveloperFORTUNE CAPITAL PTE LTD
TenureFreehold
DistrictD11 · CCR
Median PSF · 12m$1,972 psf
Median price · 12m$3,065,000
Median Rent · 12m$6,800/mo
Gross Yield2.8%

Over the 12 months to Jul 2026, M21 recorded 4 resale transactions at a median $1,972 psf (median price $3,065,000), and 6 rental contracts at a median $6,800/mo, a gross rental yield of 2.8%. Source: URA caveat data, as of Jul 2026.

M21's median of $1,972 psf over the trailing 12 months places its pricing below roughly 60% of District 11 condos; resale liquidity has been limited with 4 caveats lodged; the 2.8% gross rental yield sits below the ~3% private-market benchmark. Figures reflect URA-registered resale caveats and exclude new-launch sales; weigh unit-specific factors — floor, facing and remaining lease — against this project-level average.

Recent transactions
Date Price PSF Size (sqft) Floor Type
Jul-26 $2,750,000 $2,044 psf 1,345 sqft 06 to 10 3BR
Jun-26 $3,380,000 $1,926 psf 1,755 sqft 06 to 10 4BR
Apr-26 $3,538,888 $2,017 psf 1,755 sqft 16 to 20 4BR
Aug-25 $1,800,000 $1,689 psf 1,066 sqft 06 to 10 3BR
Jun-24 $1,750,000 $1,642 psf 1,066 sqft 06 to 10 3BR
Apr-24 $3,200,000 $1,824 psf 1,755 sqft 11 to 15 4BR
Apr-24 $1,858,888 $1,744 psf 1,066 sqft 06 to 10 3BR
Sep-23 $3,180,000 $1,307 psf 2,433 sqft 16 to 20 5BR

Can I afford M21?

Get the monthly repayment, total interest and cash flow based on this project’s median price of $3,065,000.

7.1
ShiokNest Score

En-Bloc Potential

44/100

A heuristic read of land/redevelopment fundamentals — not a prediction that a collective sale will happen. Whether one succeeds hinges on owner consent, reserve-price expectations, and market timing. Only ~1 in 10 en-bloc attempts complete, and realised premiums have averaged ~14% (owners often expect 40%+). For an ageing leasehold, weigh this against near-certain lease decay while you wait.

Master Plan zoning: RESIDENTIAL, permissible plot ratio 2.8 · Model an en-bloc scenario with this plot ratio The permissible ratio above is carried over; the current built ratio is not published, so the calculator starts from a generic figure you should replace. Source: URA Master Plan 2019 via data.gov.sg, Open Data Licence.

Neighbourhood Score

85/100

Investment Score

69/100

PSF Trend

Rental Trend

Gross Yield Trend

Detailed charts

Sales - Floor Level

Sales - Unit Size

Sales - Bedroom Type

Rental - Floor Level

Rental - Unit Size

Rental - Bedroom Type

Cumulative Sales Volume

Cumulative Rental Volume

Lease Decay Valuation Curve

Sales Volume Heatmap

Lease Volume Seasonality Heatmap

Recent Sales

Recent Rentals