THE MADEIRA
BUKIT BATOK STREET 31 · District 23 · 99 yrs lease commencing from 2000
Median Price
S$1.3M
Price Range
S$895K - S$2.2M
Tenure
Leasehold
Avg Rent
S$3.48 psf
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$1,080,000. 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$1,150,000. That is a 48% premium for higher floors, worth S$555K 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$3.48 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
Price by Unit Size
| Size Band | Median Price | Avg Size | Transactions |
|---|---|---|---|
| 2-Bed (70-100 sqm) | S$1.1M | 92 sqm | 23 |
| 3-Bed (100-130 sqm) | S$1.5M | 120 sqm | 48 |
| 5+ Bed (170+ sqm) | S$1.7M | 181 sqm | 3 |
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$1,150,000. That is a 48% premium for higher floors.
What is the rental rate at THE MADEIRA?
The average rental rate at THE MADEIRA is approximately S$3.48 per square foot per month, based on URA median rental data.
Source: URA Private Residential Property Transactions. Analysis by FairComparisons.