The M
Middle Road · D07 · Core central region · Apartment
The median sale at The M was $1,805,500 — $2,742 psf — across 98 transactions between Nov 2021 and Sept 2026. 99-year lease from 2019.
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.
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.
New sales, sub-sales and resales
A new sale is bought from the developer at a list price; a resale is negotiated. The gap between them is the clearest read on how much of a launch price is the launch.
| Kind of sale | Median price | Per sq ft | Sales |
|---|---|---|---|
| New sale | $1,907,000 | $2,821 psf | 59 |
| Sub-sale | $1,715,000 | $2,855 psf | 9 |
| Resale | $1,560,000 | $2,550 psf | 30 |
Year by year
The median moved down 9 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$2725
- 202229 sales$2806
- 202327 sales$2971
- 202412 sales$2744
- 202515 sales$2640
- 202611 sales$2491
Show the figures
| Year | Median price | Per sq ft | Sales |
|---|---|---|---|
| 2021 | $1,529,800 | $2,725 psf | 4 |
| 2022 | $1,750,000 | $2,806 psf | 29 |
| 2023 | $1,998,000 | $2,971 psf | 27 |
| 2024 | $1,690,000 | $2,744 psf | 12 |
| 2025 | $1,580,000 | $2,640 psf | 15 |
| 2026 | $1,645,000 | $2,491 psf | 11 |
What it rents for
URA’s median of rental contracts lodged at The M in 2026Q3, per square foot per month.
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 D07
- Aurea · $2,869 psf
- Duo Residences · $2,197 psf
- City Gate · $2,106 psf
- Concourse Skyline · $1,949 psf
- Midtown Modern · $2,910 psf
- Midtown Bay · $3,285 psf
- The Bencoolen · $1,612 psf
- Southbank · $1,879 psf
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.