38 Middle Road 188947, Bugis, Central Region, Singapore
$5,800 /month
D07 - Downtown Core
Bugis MRT · 3 min walk
29 June 2023
Medium (522 units)
522 units
4 Blocks, 20 Floors
Wingcharm Investment Pte Ltd (Wing Tai Holdings)
The M has a total of 522 units, from 1 Bed - 1 Bath to 3 Bed - 2 Bath units. There are 67 types of floor plans from 409 sqft to 1,012 sqft.
The M has 4 blocks and up to 20 storeys.
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Total Transactions
23
Average Price
S1.6M
Total Value
S36.0M
Calculating fair value from URA transaction data…


License: L3008022J
Estimated sale value based on 1373 URA transactions · 9 outliers removed (IQR)
Fair Value
S$1.64M
S$2,212 psf
Asking Price
S$5,800
S$8 psf
Listing Type
Rental
Sale value shown for reference
vs Last Done
-99.6%
Tenure
96 yrs
99-year Leasehold · Balance remaining
Confidence
High
1373 comps
Nearest MRT
Bugis
368m away · +3% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
1373 comparable transactions
S$2,355
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.912
MRT Proximity
Within 500m / 1km
+3%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$2,212
Recent Comparable Transactions
10 shown · 1373 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneAug 2025 | BEACH ROAD Floor 11-15 | 700sqft | S$1,485,000 | ▼S$2,122 -4.1% vs FV | 99 yrs lease commencing from 2014 |
Aug 2025 | BEACH ROAD Floor 11-15 | 700sqft | S$1,485,000 | ▼S$2,122 -4.1% vs FV | 99 yrs lease commencing from 2014 |
Aug 2025 | BEACH ROAD Floor 16-20 | 689sqft | S$1,515,000 | ▼S$2,199 -0.6% vs FV | 99 yrs lease commencing from 2014 |
Aug 2025 | BEACH ROAD Floor 06-10 | 700sqft | S$1,420,000 | ▼S$2,030 -8.2% vs FV | 99 yrs lease commencing from 2014 |
Aug 2025 | MIDDLE ROAD Floor 01-05 | 463sqft | S$1,125,000 | ▲S$2,431 +9.9% vs FV | 99 yrs lease commencing from 2019 |
Aug 2025 | BEACH ROAD Floor 21-25 | 1,119sqft | S$2,320,000 | ▼S$2,072 -6.3% vs FV | 99 yrs lease commencing from 2008 |
Aug 2025 | FRASER STREET Floor 06-10 | 721sqft | S$1,510,000 | ▼S$2,094 -5.3% vs FV | 99 yrs lease commencing from 2011 |
Aug 2025 | FRASER STREET Floor 31-35 | 1,001sqft | S$2,200,000 | ▼S$2,198 -0.6% vs FV | 99 yrs lease commencing from 2011 |
Aug 2025 | FRASER STREET Floor 06-10 | 420sqft | S$970,000 | ▲S$2,311 +4.5% vs FV | 99 yrs lease commencing from 2011 |
Aug 2025 | MOUNT SOPHIA Floor 01-05 | 581sqft | S$1,252,000 | ▼S$2,154 -2.6% vs FV | 99 yrs lease commencing from 2013 |
Jul 2025 | BEACH ROAD Floor 16-20 | 807sqft | S$1,680,000 | ▼S$2,081 -5.9% vs FV | 99 yrs lease commencing from 2014 |
BEACH ROAD
Aug 2025 · Floor 11-15
-4.1% vs FV
BEACH ROAD
Aug 2025 · Floor 11-15
-4.1% vs FV
BEACH ROAD
Aug 2025 · Floor 16-20
-0.6% vs FV
BEACH ROAD
Aug 2025 · Floor 06-10
-8.2% vs FV
MIDDLE ROAD
Aug 2025 · Floor 01-05
+9.9% vs FV
BEACH ROAD
Aug 2025 · Floor 21-25
-6.3% vs FV
FRASER STREET
Aug 2025 · Floor 06-10
-5.3% vs FV
FRASER STREET
Aug 2025 · Floor 31-35
-0.6% vs FV
FRASER STREET
Aug 2025 · Floor 06-10
+4.5% vs FV
MOUNT SOPHIA
Aug 2025 · Floor 01-05
-2.6% vs FV
BEACH ROAD
Jul 2025 · Floor 16-20
-5.9% vs FV
HELIOS AI Analysis
Based on 1373 URA transactions (9 outliers removed), adjusted for: Tenure decay (8.8% discount); MRT Bugis 368m away (+3%)
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.