38 Middle Road 188947, Bugis, Central Region, Singapore
$4,600 /month
Is a relatively unblock city view. With 5 meter high ceiling , the pen house apartment have a grand spacious feel when enter the apt. We are Open for fully or partial finish Right In the Central of the city. With 2 mins walk to Bugis Junction / MRT / shopping mall. Walking distance to all eating restaurants and shop house
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: L3010587G
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Estimated sale value based on 103 URA transactions
Fair Value
S$1.62M
S$2,729 psf
Asking Price
S$4,600
S$8 psf
Listing Type
Rental
Sale value shown for reference
vs Last Done
Not applicable
Cannot compare rent to sale psf
Tenure
96 yrs
99-year Leasehold · Balance remaining
Confidence
High
103 comps
Nearest MRT
Bugis
368m away · +3% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
103 comparable transactions
S$2,768
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
+5%
Adjusted Fair Value PSF
S$2,729
Recent Comparable Transactions
10 shown · 103 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneAug 2025 | MIDDLE ROAD Floor 01-05 | 463sqft | S$1,125,000 | ▼S$2,431 -10.9% vs FV | 99 yrs lease commencing from 2019 |
Aug 2025 | MIDDLE ROAD Floor 01-05 | 463sqft | S$1,125,000 | ▼S$2,431 -10.9% vs FV | 99 yrs lease commencing from 2019 |
Jul 2025 | MIDDLE ROAD Floor 11-15 | 635sqft | S$1,580,000 | ▼S$2,488 -8.8% vs FV | 99 yrs lease commencing from 2019 |
Jun 2025 | MIDDLE ROAD Floor 01-05 | 753sqft | S$2,050,000 | ▼S$2,721 -0.3% vs FV | 99 yrs lease commencing from 2019 |
May 2025 | MIDDLE ROAD Floor 01-05 | 409sqft | S$1,080,000 | ▼S$2,640 -3.3% vs FV | 99 yrs lease commencing from 2019 |
May 2025 | MIDDLE ROAD Floor 11-15 | 764sqft | S$2,088,000 | ▲S$2,732 +0.1% vs FV | 99 yrs lease commencing from 2019 |
May 2025 | MIDDLE ROAD Floor 11-15 | 743sqft | S$2,000,000 | ▼S$2,693 -1.3% vs FV | 99 yrs lease commencing from 2019 |
Apr 2025 | MIDDLE ROAD Floor 01-05 | 452sqft | S$1,130,000 | ▼S$2,500 -8.4% vs FV | 99 yrs lease commencing from 2019 |
Apr 2025 | MIDDLE ROAD Floor 01-05 | 527sqft | S$1,250,000 | ▼S$2,370 -13.2% vs FV | 99 yrs lease commencing from 2019 |
Feb 2025 | MIDDLE ROAD Floor 01-05 | 495sqft | S$1,200,000 | ▼S$2,424 -11.2% vs FV | 99 yrs lease commencing from 2019 |
Feb 2025 | MIDDLE ROAD Floor 01-05 | 452sqft | S$1,250,000 | ▲S$2,765 +1.3% vs FV | 99 yrs lease commencing from 2019 |
MIDDLE ROAD
Aug 2025 · Floor 01-05
-10.9% vs FV
MIDDLE ROAD
Aug 2025 · Floor 01-05
-10.9% vs FV
MIDDLE ROAD
Jul 2025 · Floor 11-15
-8.8% vs FV
MIDDLE ROAD
Jun 2025 · Floor 01-05
-0.3% vs FV
MIDDLE ROAD
May 2025 · Floor 01-05
-3.3% vs FV
MIDDLE ROAD
May 2025 · Floor 11-15
+0.1% vs FV
MIDDLE ROAD
May 2025 · Floor 11-15
-1.3% vs FV
MIDDLE ROAD
Apr 2025 · Floor 01-05
-8.4% vs FV
MIDDLE ROAD
Apr 2025 · Floor 01-05
-13.2% vs FV
MIDDLE ROAD
Feb 2025 · Floor 01-05
-11.2% vs FV
MIDDLE ROAD
Feb 2025 · Floor 01-05
+1.3% vs FV
HELIOS AI-Detected Boosters
HELIOS AI Analysis
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.