The Madeira
Bukit Batok Street 31 · D23 · Outside central region · Condominium
The median sale at The Madeira was $1,400,000 — $1,143 psf — across 63 transactions between Dec 2021 and Aug 2026. 99-year lease from 2000.
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.
Year by year
Too few sales in one or both ends of the window to quote a change, so the years are given as they are.
- 2021three sales$905
- 202213 sales$995
- 202312 sales$1121
- 202410 sales$1200
- 202520 sales$1212
- 2026five sales$1202
Show the figures
| Year | Median price | Per sq ft | Sales |
|---|---|---|---|
| 2021 | $1,120,000 | $905 psf | 3 |
| 2022 | $1,060,000 | $995 psf | 13 |
| 2023 | $1,440,000 | $1,121 psf | 12 |
| 2024 | $1,462,500 | $1,200 psf | 10 |
| 2025 | $1,500,000 | $1,212 psf | 20 |
| 2026 | $1,450,000 | $1,202 psf | 5 |
What it rents for
URA’s median of rental contracts lodged at The Madeira 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 D23
- Narra Residences · $2,165 psf
- Sol Acres · $1,404 psf
- Midwood · $1,834 psf
- The Myst · $2,079 psf
- Inz Residence · $1,425 psf
- Kingsford . Hillview Peak · $1,435 psf
- Dairy Farm Residences · $1,696 psf
- The Hillier · $1,539 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.