38 Middle Road 188947, Bugis, Central Region, Singapore
$1,190,000
Rare 1 Bedroom + Study at The M | Below Valuation | High Rental Demand | Serious Seller Perfect for investors and city-living home buyers who value convenience, rentability and long-term upside. Unit Details: * 527 sqft * Low Floor * 1 Bedroom + Study, 1 Bathroom * Serious and Motivated Seller * Balcony: North-West Facing * Currently Tenanted at $4,000 till 24 Feb 2026 * Selling Below Valuation!! Transports: Bugis MRT (EW12/DT14) | 0.26KM Esplanade MRT (CC3) | 0.49KM Bras Basah MRT (CC2) | 0.59KM City Hall MRT (EW13/NS25) | 0.67KM Shopping Malls: Bugis Junction | 0.14KM Bugis+ | 0.26KM South Beach Avenue | 0.39KM Suntec City | 0.41KM Fu Lu Shou Complex | 0.42KM Raffles City | 0.55KM Groceries: CS Fresh @ Bugis Junction | 0.14KM Shine Korea @ 231 Bain Street | 0.28KM Don Don Donki @ Suntec City | 0.41KM Scarlett Supermarket @ Suntec City | 0.41KM Eateries: Albert Centre Market & Food Centre | 0.38KM Food Republic @ Suntec City | 0.41KM The Food Place by Food Republic @ Raffles City | 0.55KM Primary Schools: St. Margaret's School (Primary) | 1.29KM Farrer Park Primary School | 1.7KM Anglo-Chinese School (Junior) | 2.0KM Secondary Schools: School Of The Arts Singapore | 0.82KM Northlight School | 2.35KM For viewing arrangements, kindly contact Our Associates Consultants: Charline Wong @ 9.0.4.6.2.1.8.8 Gabriel Ding @ 9.0.9.2.5.2.8.8 PLB Realty
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…
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Automated Valuation based on 98 URA transactions
Fair Value
S$1.37M
S$2,598 psf
Asking Price
S$1.19M
S$2,258 psf
vs Market
-13.1%
vs Last Done
-7.1%
Tenure
96 yrs
99-year Leasehold · Balance remaining
Confidence
High
98 comps
Nearest MRT
Bugis
368m away · +3% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
98 comparable transactions
S$2,766
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$2,598
Recent Comparable Transactions
10 shown · 98 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneAug 2025 | MIDDLE ROAD Floor 01-05 | 463sqft | S$1,125,000 | ▼S$2,431 -6.4% vs FV | 99 yrs lease commencing from 2019 |
Aug 2025 | MIDDLE ROAD Floor 01-05 | 463sqft | S$1,125,000 | ▼S$2,431 -6.4% vs FV | 99 yrs lease commencing from 2019 |
Jul 2025 | MIDDLE ROAD Floor 11-15 | 635sqft | S$1,580,000 | ▼S$2,488 -4.2% vs FV | 99 yrs lease commencing from 2019 |
Jun 2025 | MIDDLE ROAD Floor 01-05 | 753sqft | S$2,050,000 | ▲S$2,721 +4.7% vs FV | 99 yrs lease commencing from 2019 |
May 2025 | MIDDLE ROAD Floor 01-05 | 409sqft | S$1,080,000 | ▲S$2,640 +1.6% vs FV | 99 yrs lease commencing from 2019 |
May 2025 | MIDDLE ROAD Floor 11-15 | 764sqft | S$2,088,000 | ▲S$2,732 +5.2% vs FV | 99 yrs lease commencing from 2019 |
May 2025 | MIDDLE ROAD Floor 11-15 | 743sqft | S$2,000,000 | ▲S$2,693 +3.7% vs FV | 99 yrs lease commencing from 2019 |
Apr 2025 | MIDDLE ROAD Floor 01-05 | 452sqft | S$1,130,000 | ▼S$2,500 -3.8% vs FV | 99 yrs lease commencing from 2019 |
Apr 2025 | MIDDLE ROAD Floor 01-05 | 527sqft | S$1,250,000 | ▼S$2,370 -8.8% vs FV | 99 yrs lease commencing from 2019 |
Feb 2025 | MIDDLE ROAD Floor 01-05 | 495sqft | S$1,200,000 | ▼S$2,424 -6.7% vs FV | 99 yrs lease commencing from 2019 |
Feb 2025 | MIDDLE ROAD Floor 01-05 | 452sqft | S$1,250,000 | ▲S$2,765 +6.4% vs FV | 99 yrs lease commencing from 2019 |
MIDDLE ROAD
Aug 2025 · Floor 01-05
-6.4% vs FV
MIDDLE ROAD
Aug 2025 · Floor 01-05
-6.4% vs FV
MIDDLE ROAD
Jul 2025 · Floor 11-15
-4.2% vs FV
MIDDLE ROAD
Jun 2025 · Floor 01-05
+4.7% vs FV
MIDDLE ROAD
May 2025 · Floor 01-05
+1.6% vs FV
MIDDLE ROAD
May 2025 · Floor 11-15
+5.2% vs FV
MIDDLE ROAD
May 2025 · Floor 11-15
+3.7% vs FV
MIDDLE ROAD
Apr 2025 · Floor 01-05
-3.8% vs FV
MIDDLE ROAD
Apr 2025 · Floor 01-05
-8.8% vs FV
MIDDLE ROAD
Feb 2025 · Floor 01-05
-6.7% vs FV
MIDDLE ROAD
Feb 2025 · Floor 01-05
+6.4% vs FV
HELIOS AI Analysis
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.