D23 Bukit Panjang

THE MADEIRA

BUKIT BATOK STREET 31 · District 23 · 99 yrs lease commencing from 2000

Median Price

S$1.3M

74 transactions

Price Range

S$895K - S$2.2M

Tenure

Leasehold

99 yrs lease commencing from 2000

Avg Rent

S$3.44 psf

per month

What is the price of THE MADEIRA?

The median transaction price at THE MADEIRA is S$1,317,500, based on 74 URA-recorded transactions. Prices range from S$895K to S$2.2M. THE MADEIRA is a leasehold development on BUKIT BATOK STREET 31 in District 23 (Bukit Panjang). High-floor units cost 46% more than low-floor units. Average rent is S$3.44 per square foot per month.

THE MADEIRA Price Analysis

THE MADEIRA is a leasehold development on BUKIT BATOK STREET 31 in District 23 (Bukit Panjang). According to URA transaction records, 74 private residential transactions have been recorded at this development, with a median price of S$1,317,500. Prices range from S$895K for the smallest units to S$2.2M for premium configurations.

The development offers units across 3 size categories. The most traded segment is 2-bed (70-100 sqm) at a median of S$1,086,000. Larger units (5+ bed (170+ sqm)) trade at S$1,735,000, reflecting the premium for additional space.

Floor level significantly impacts pricing at THE MADEIRA. High-floor units (26-30) command a median of S$1,705,000, while low-floor units (06-10) sell for S$1,165,000. That is a 46% premium for higher floors, worth S$540K in absolute terms. Buyers with flexibility on floor preference can save significantly by choosing mid-range levels.

On the rental side, THE MADEIRA commands an average of S$3.44 per square foot per month. At the median purchase price, this implies a gross rental yield of approximately 2.7%.

Price Trend

Median transaction price by contract month.

Source: URA Private Residential Property Transactions

Price by Floor Level

26-30

S$1.7M

2 txns

01-05

S$1.4M

11 txns

11-15

S$1.4M

12 txns

21-25

S$1.4M

17 txns

16-20

S$1.3M

16 txns

06-10

S$1.2M

18 txns

Price by Unit Size

Size Band	Median Price	Avg Size	Transactions
2-Bed (70-100 sqm)	S$1.1M	93 sqm	24
3-Bed (100-130 sqm)	S$1.5M	120 sqm	49
5+ Bed (170+ sqm)	S$1.7M	181 sqm	3

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FAQ

What is the average price of THE MADEIRA?

The median transaction price at THE MADEIRA is S$1,317,500, based on 74 URA-recorded transactions. Prices range from S$895K to S$2.2M.

Does floor level affect prices at THE MADEIRA?

Yes. High-floor units (26-30) sell for a median of S$1,705,000, while low-floor units (06-10) sell for S$1,165,000. That is a 46% premium for higher floors.

What is the rental rate at THE MADEIRA?

The average rental rate at THE MADEIRA is approximately S$3.44 per square foot per month, based on URA median rental data.

Source: URA Private Residential Property Transactions. Analysis by FairComparisons.