The Madeira
The Madeira is a 99-year lease (73 yrs left) condominium development in District 23 (Bukit Batok / Bukit Panjang / Choa Chu Kang). It has 70 recorded private transactions. Latest sale: $1,450,000 (Feb 2026, 128 sqm, floors 01-05). Median $1,120/sqft. Prices up 28.1% over the period. 73 years lease remaining.
Where The Madeira ranks in District 23
All 73 projects ›Median psf over time
Estimate a unit at The Madeira
Based on URA transactions for this development. Pick a floor band and unit size.
Projection blends market growth with Bala's Table lease decay. Past growth does not guarantee future performance. Not financial advice.
Lease decay
99-year leasehold. Under Bala's Table (SLA's leasehold relativity model), value decays faster as the lease shortens — currently about 0.31% a year.
Price by floor
| Floor band | Median psf | Transactions |
|---|---|---|
| 01-05 | $1,019 | 8 |
| 06-10 | $1,098 | 16 |
| 11-15 | $1,157 | 11 |
| 16-20 | $1,195 | 16 |
| 21-25 | $1,121 | 17 |
| 26-30 | $1,178 | 2 |
Recent transactions
| Date | Floor | Type | Area | Price | psf |
|---|---|---|---|---|---|
| Feb 2026 | 01-05 | Resale | 128 sqm | $1,450,000 | $1,052 |
| Feb 2026 | 16-20 | Resale | 98 sqm | $1,340,000 | $1,270 |
| Jan 2026 | 21-25 | Resale | 118 sqm | $1,560,000 | $1,228 |
| Nov 2025 | 06-10 | Resale | 87 sqm | $1,200,000 | $1,281 |
| Nov 2025 | 01-05 | Resale | 128 sqm | $1,488,000 | $1,080 |
| Oct 2025 | 21-25 | Resale | 115 sqm | $1,538,000 | $1,242 |
| Sep 2025 | 11-15 | Resale | 115 sqm | $1,500,000 | $1,212 |
| Sep 2025 | 16-20 | Resale | 87 sqm | $1,208,000 | $1,290 |
| Aug 2025 | 26-30 | Resale | 189 sqm | $2,230,000 | $1,096 |
| Aug 2025 | 11-15 | Resale | 116 sqm | $1,468,000 | $1,176 |
| Jul 2025 | 11-15 | Resale | 126 sqm | $1,650,000 | $1,217 |
| Jul 2025 | 21-25 | Resale | 115 sqm | $1,520,000 | $1,228 |
| Jun 2025 | 06-10 | Resale | 121 sqm | $1,500,000 | $1,152 |
| Jun 2025 | 21-25 | Resale | 126 sqm | $1,635,000 | $1,206 |
| Jun 2025 | 16-20 | Resale | 87 sqm | $1,200,000 | $1,281 |
| May 2025 | 06-10 | Resale | 115 sqm | $1,500,000 | $1,212 |
| May 2025 | 06-10 | Resale | 87 sqm | $1,125,000 | $1,201 |
| May 2025 | 16-20 | Resale | 116 sqm | $1,480,000 | $1,185 |
| Apr 2025 | 16-20 | Resale | 98 sqm | $1,320,000 | $1,251 |
| Mar 2025 | 16-20 | Resale | 121 sqm | $1,600,000 | $1,228 |
| Feb 2025 | 16-20 | Resale | 116 sqm | $1,500,000 | $1,201 |
| Jan 2025 | 26-30 | Resale | 87 sqm | $1,180,000 | $1,260 |
| Jan 2025 | 01-05 | Resale | 177 sqm | $1,735,000 | $911 |
| Nov 2024 | 01-05 | Resale | 118 sqm | $1,410,000 | $1,110 |
| Sep 2024 | 21-25 | Resale | 125 sqm | $1,655,888 | $1,231 |
About The Madeira
The Madeira is a 99-year leasehold development with its lease commencing in 2000 and about 73 years remaining in District 23 (Bukit Batok / Bukit Panjang / Choa Chu Kang), within the Outside Central Region of Singapore. It sees regular transaction activity, with 70 recorded condominium transactions between 2021-06 and 2026-02, ranging from $895,000 to $2,230,000. The most recent transaction was a 128 sqm unit (floors 01-05) sold for $1,450,000 in 2026-02, and the median price is $1,120 per square foot. Prices here have risen sharply, by about 28.1% over the period (around 5.5% a year). Under Bala's Table (the Singapore Land Authority leasehold valuation model), the leasehold relativity ratio at 73 years remaining is 0.9188, an annual lease decay of about 0.31%. All transaction data is sourced from the Urban Redevelopment Authority (URA) and updated regularly.
How much does a unit at The Madeira cost?
The most recent transaction at The Madeira was $1,450,000 for a 128 sqm unit in 2026-02. The median price is $1,120 per square foot across 70 transactions, ranging from $895,000 to $2,230,000. Data sourced from URA.
Is The Madeira freehold or leasehold?
The Madeira is on a 99-year lease commencing in 2000, with approximately 73 years remaining. Under Bala's Table, the annual lease decay at this point is about 0.31%.
What is the price per square foot (psf) at The Madeira?
The median price at The Madeira is $1,120 psf, with transactions ranging from $784 to $1,290 psf. This is based on 70 URA-recorded transactions in District 23.
Have prices at The Madeira gone up or down?
Prices at The Madeira have increased by approximately 28.1% over the data period (around 5.5% a year). The median price is currently $1,120 psf, with the most recent sale at $1,450,000 in 2026-02.