The Madeira
The Madeira is a 99-year leasehold condominium in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang), within Singapore's Outside Central Region (OCR). The development was completed in 2002 and comprises 456 units, on a lease that commenced in 2000. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
THE MADEIRA
Over the 12 months to Jun 2026, The Madeira recorded 13 resale transactions at a median $1,217 psf (median price $1,488,000), and 42 rental contracts at a median $4,090/mo, a gross rental yield of 3.3%. Source: URA caveat data, as of Jun 2026.
The Madeira's median of $1,217 psf over the trailing 12 months places its pricing below roughly 81% of District 23 condos; resale liquidity has been moderate with 13 caveats lodged; the 3.3% gross rental yield sits above the ~3% private-market benchmark. Figures reflect URA-registered resale caveats and exclude new-launch sales; weigh unit-specific factors — floor, facing and remaining lease — against this project-level average.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| Jun-26 | $1,268,000 | $1,202 psf | 1,055 sqft | 06 to 10 | 3BR |
| Feb-26 | $1,450,000 | $1,052 psf | 1,378 sqft | 01 to 05 | 4BR |
| Feb-26 | $1,340,000 | $1,270 psf | 1,055 sqft | 16 to 20 | 3BR |
| Jan-26 | $1,560,000 | $1,228 psf | 1,270 sqft | 21 to 25 | 3BR |
| Nov-25 | $1,488,000 | $1,080 psf | 1,378 sqft | 01 to 05 | 4BR |
| Nov-25 | $1,200,000 | $1,281 psf | 936 sqft | 06 to 10 | 2BR |
| Oct-25 | $1,538,000 | $1,242 psf | 1,238 sqft | 21 to 25 | 3BR |
| Sep-25 | $1,208,000 | $1,290 psf | 936 sqft | 16 to 20 | 2BR |
Can I afford The Madeira?
Get the monthly repayment, total interest and cash flow based on this project’s median price of $1,488,000.
En-Bloc Potential
A heuristic read of land/redevelopment fundamentals — not a prediction that a collective sale will happen. Whether one succeeds hinges on owner consent, reserve-price expectations, and market timing. Only ~1 in 10 en-bloc attempts complete, and realised premiums have averaged ~14% (owners often expect 40%+). For an ageing leasehold, weigh this against near-certain lease decay while you wait.