Jalan Penjara, Margaret Drive, Central Region, Singapore
$39,000,000
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Total Transactions
2
Average Price
S29.3M
Total Value
S58.5M
Calculating fair value from URA transaction data…


License: L3008563G
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Automated Valuation based on 11 HDB resale transactions (data.gov.sg)
Fair Value
S$9.95M
S$904 psf
Asking Price
S$39.00M
S$2,461 psf
vs Market
+292.1%
vs Last Done
+230.8%
Tenure
75 yrs
99-year Leasehold · Balance remaining
Confidence
Medium
11 comps
Nearest MRT
Queenstown
621m away · +2% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
11 comparable transactions
S$844
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×1.050
MRT Proximity
Within 500m / 1km
+2%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$904
Recent Comparable Transactions
10 shown · 11 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneFeb 2026 | Blk 22 DOVER CRES Floor 13 TO 15 | 1,572sqft | S$1,170,000 | ▼S$744 -17.7% vs FV | 99yr from 1993 |
Feb 2026 | Blk 22 DOVER CRES Floor 13 TO 15 | 1,572sqft | S$1,170,000 | ▼S$744 -17.7% vs FV | 99yr from 1993 |
Feb 2026 | Blk 148 MEI LING ST Floor 04 TO 06 | 1,561sqft | S$1,360,000 | ▼S$871 -3.7% vs FV | 99yr from 1995 |
Jan 2026 | Blk 148 MEI LING ST Floor 01 TO 03 | 1,615sqft | S$1,210,000 | ▼S$749 -17.1% vs FV | 99yr from 1995 |
Oct 2025 | Blk 150 MEI LING ST Floor 04 TO 06 | 1,572sqft | S$1,500,000 | ▲S$954 +5.5% vs FV | 99yr from 1995 |
Jun 2025 | Blk 150 MEI LING ST Floor 04 TO 06 | 1,582sqft | S$1,300,000 | ▼S$822 -9.1% vs FV | 99yr from 1995 |
May 2025 | Blk 150 MEI LING ST Floor 04 TO 06 | 1,528sqft | S$1,320,500 | ▼S$864 -4.4% vs FV | 99yr from 1995 |
May 2025 | Blk 147 MEI LING ST Floor 04 TO 06 | 1,572sqft | S$1,510,000 | ▲S$961 +6.3% vs FV | 99yr from 1995 |
May 2025 | Blk 148 MEI LING ST Floor 10 TO 12 | 1,561sqft | S$1,350,000 | ▼S$865 -4.3% vs FV | 99yr from 1995 |
Feb 2025 | Blk 150 MEI LING ST Floor 01 TO 03 | 1,528sqft | S$1,278,000 | ▼S$836 -7.5% vs FV | 99yr from 1995 |
Nov 2024 | Blk 148 MEI LING ST Floor 19 TO 21 | 1,604sqft | S$1,350,000 | ▼S$842 -6.9% vs FV | 99yr from 1995 |
Blk 22 DOVER CRES
Feb 2026 · Floor 13 TO 15
-17.7% vs FV
Blk 22 DOVER CRES
Feb 2026 · Floor 13 TO 15
-17.7% vs FV
Blk 148 MEI LING ST
Feb 2026 · Floor 04 TO 06
-3.7% vs FV
Blk 148 MEI LING ST
Jan 2026 · Floor 01 TO 03
-17.1% vs FV
Blk 150 MEI LING ST
Oct 2025 · Floor 04 TO 06
+5.5% vs FV
Blk 150 MEI LING ST
Jun 2025 · Floor 04 TO 06
-9.1% vs FV
Blk 150 MEI LING ST
May 2025 · Floor 04 TO 06
-4.4% vs FV
Blk 147 MEI LING ST
May 2025 · Floor 04 TO 06
+6.3% vs FV
Blk 148 MEI LING ST
May 2025 · Floor 10 TO 12
-4.3% vs FV
Blk 150 MEI LING ST
Feb 2025 · Floor 01 TO 03
-7.5% vs FV
Blk 148 MEI LING ST
Nov 2024 · Floor 19 TO 21
-6.9% vs FV
HELIOS AI Analysis
The valuation of the Executive HDB in Queenstown, with a remaining lease of 75 years, stands at an estimated value of $9,945,558 or $904 PSF. This assessment reveals a significant market signal, indicating an appreciation of 292.1% above the baseline pricing, reflecting a robust demand and premium positioning in a highly sought-after district. The Queenstown area, known for its strategic location and proximity to key amenities, continues to attract discerning buyers, contributing to the elevated valuation.
Based on analysis of 11 recent HDB resale transactions in the vicinity, the model confidence is rated as medium, suggesting a moderate level of certainty in the valuation derived from current market dynamics. The substantial difference from baseline pricing underscores the competitive landscape, as buyers are willing to pay a premium for properties that offer not only a strong investment potential but also a desirable living environment. As the market evolves, this Executive HDB exemplifies the changing dynamics of residential real estate in Singapore, where lease tenure, location, and market sentiment converge to create unique investment opportunities.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.