We track 79 sales and 229 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE MADEIRA dashboard.
- Average sale price: $1,304,549 across 79 transactions
- Estimated gross rental yield: 3.4%
- District 23 PSF ranking: Value tier (top 81%)
- 99 yrs lease commencing from 2000 · OCR · D23 · 456 units
About THE MADEIRA
THE MADEIRA is a 99 yrs lease commencing from 2000 condominium, located at BUKIT BATOK STREET 31 in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang) (Outside Central Region), developed by JANITON PTE LTD, comprising 456 residential units, completed in 2002.
With approximately 73 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Unit Mix Distribution
Transaction data breakdown by bedroom type at THE MADEIRA:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 12 | $1,123 psf | $1,051,833 |
| 3 BR | 49 | $1,060 psf | $1,286,967 |
| 4 BR | 14 | $1,052 psf | $1,432,214 |
| 5+ BR | 4 | $841 psf | $1,831,250 |
Sales Market Overview
THE MADEIRA has recorded 79 sale transactions with an average transaction price of $1,304,549, ranging from $895,000 to $2,230,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 21 | $857 psf | $1,115,452 | — |
| 2022 | 13 | $993 psf | $1,113,154 | ↑ 15.9% |
| 2023 | 12 | $1,106 psf | $1,375,500 | ↑ 11.4% |
| 2024 | 10 | $1,190 psf | $1,473,089 | ↑ 7.6% |
| 2025 | 20 | $1,196 psf | $1,478,850 | ↑ 0.5% |
| 2026 | 3 | $1,184 psf | $1,450,000 | ↓ 1.0% |
THE MADEIRA ranks in the top 81% of condos in District 23 by average PSF.
Compared to the OCR average of $1,550 psf, THE MADEIRA trades 31.8% below the segment benchmark.
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Rental Market Overview
THE MADEIRA has recorded 229 rental transactions with monthly rents averaging $3,743/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 77 | $3,373/mo | $2,250/mo | $4,800/mo |
| 3 BR | 150 | $3,920/mo | $2,300/mo | $5,000/mo |
| 4 BR | 2 | $4,700/mo | $4,200/mo | $5,200/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 52 | $2,800/mo |
| 2022 | 45 | $3,506/mo |
| 2023 | 37 | $4,339/mo |
| 2024 | 36 | $4,132/mo |
| 2025 | 41 | $4,123/mo |
| 2026 | 18 | $4,188/mo |
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Investment Analysis
Based on average rents and sale prices, THE MADEIRA delivers an estimated gross rental yield of 3.4%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 23
Side-by-side comparison against the most actively traded condos in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| SOL ACRES | 99 yrs lease commencing from 2014 | 1327 | $1,385 psf | 555 |
| MIDWOOD | 99 yrs lease commencing from 2018 | 564 | $1,732 psf | 532 |
| LUMINA GRAND | 99 yrs lease commencing from 2022 | 512 | $1,515 psf | 512 |
| DAIRY FARM RESIDENCES | 99 yrs lease commencing from 2018 | 460 | $1,659 psf | 452 |
| THE BOTANY AT DAIRY FARM | 99 yrs lease commencing from 2022 | 386 | $2,053 psf | 388 |
Location Map
Map shows THE MADEIRA (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE MADEIRA
- Bukit Gombak MRT
- Bukit Batok MRT
- Princess Elizabeth Primary School
- Bukit View Primary School
- Huamin Primary School
Nearby MRT Stations
THE MADEIRA is 250m from Bukit Gombak MRT (North-South Line), with 2 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Bukit Gombak | NS3 | North-South Line | 250m |
| Bukit Batok | NS2 | North-South Line | 980m |
Nearby Schools
There are 6 schools within 2 km of THE MADEIRA, including 2 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Princess Elizabeth Primary School | Primary | 160m |
| Bukit View Primary School | Primary | 950m |
| Huamin Primary School | Primary | 1.2 km |
| Lianhua Primary School | Primary | 1.7 km |
| Fuhua Primary School | Primary | 1.9 km |
| Keming Primary School | Primary | 2.0 km |
FAQ
What is the average price for THE MADEIRA?
What is the rental yield for THE MADEIRA?
Is THE MADEIRA freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 79 transactions analysed
- Rental data: 229 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for THE MADEIRA
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.