We track 3 sales and 12 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the CARPMAEL THIRTY-EIGHT dashboard.
- Average sale price: $2,234,000 across 3 transactions
- Estimated gross rental yield: 2.6%
- District 15 PSF ranking: Premium tier (top 24%)
- Freehold tenure · RCR · D15 · 16 units
About CARPMAEL THIRTY-EIGHT
CARPMAEL THIRTY-EIGHT is a freehold condominium, located at CARPMAEL ROAD in District 15 (Joo Chiat, Amber Road, Katong) (Rest of Central Region), comprising 16 residential units.
As a freehold property, CARPMAEL THIRTY-EIGHT does not face lease decay concerns.
Sales Market Overview
CARPMAEL THIRTY-EIGHT has recorded 3 sale transactions with an average transaction price of $2,234,000, ranging from $2,180,000 to $2,300,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2022 | 1 | $1,764 psf | $2,222,000 | — |
| 2024 | 1 | $1,858 psf | $2,180,000 | ↑ 5.3% |
| 2025 | 1 | $1,811 psf | $2,300,000 | ↓ 2.5% |
CARPMAEL THIRTY-EIGHT ranks in the top 24% of condos in District 15 by average PSF.
Compared to the RCR average of $2,049 psf, CARPMAEL THIRTY-EIGHT trades 11.6% below the segment benchmark.
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Rental Market Overview
CARPMAEL THIRTY-EIGHT has recorded 12 rental transactions with monthly rents averaging $4,854/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 2 | $3,400/mo | $3,300/mo | $3,500/mo |
| 3 BR | 9 | $4,994/mo | $3,700/mo | $5,500/mo |
| 4 BR | 1 | $6,500/mo | $6,500/mo | $6,500/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 2 | $4,000/mo |
| 2022 | 3 | $4,567/mo |
| 2023 | 3 | $5,467/mo |
| 2024 | 2 | $4,225/mo |
| 2025 | 1 | $5,200/mo |
| 2026 | 1 | $6,500/mo |
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Investment Analysis
Based on average rents and sale prices, CARPMAEL THIRTY-EIGHT delivers an estimated gross rental yield of 2.6%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 15
Side-by-side comparison against the most actively traded condos in District 15 (Joo Chiat, Amber Road, Katong):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| GRAND DUNMAN | 99 yrs lease commencing from 2022 | 1008 | $2,536 psf | 911 |
| EMERALD OF KATONG | 99 yrs lease commencing from 2023 | 846 | $2,640 psf | 844 |
| THE CONTINUUM | Freehold | 816 | $2,790 psf | 766 |
| TEMBUSU GRAND | 99 yrs lease commencing from 2022 | 638 | $2,466 psf | 641 |
| AMBER PARK | Freehold | 592 | $2,546 psf | 394 |
Location Map
Map shows CARPMAEL THIRTY-EIGHT (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- CARPMAEL THIRTY-EIGHT
- Paya Lebar MRT
- Paya Lebar MRT
- Eunos MRT
- Tanjong Katong MRT
- Dakota MRT
- Haig Girls'
- Tanjong Katong Girls'
- Canossa Catholic Primary School
Nearby MRT Stations
CARPMAEL THIRTY-EIGHT is 710m from Paya Lebar MRT (East-West Line), with 6 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Paya Lebar | EW8 | East-West Line | 710m |
| Paya Lebar | CC9 | Circle Line | 710m |
| Eunos | EW7 | East-West Line | 930m |
| Tanjong Katong | TE25 | Thomson-East Coast Line | 1.1 km |
| Dakota | CC8 | Circle Line | 1.2 km |
| Marine Parade | TE26 | Thomson-East Coast Line | 1.5 km |
Nearby Schools
There are 15 schools within 2 km of CARPMAEL THIRTY-EIGHT, including 10 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Haig Girls' School | Primary | 400m |
| Tanjong Katong Girls' School | Secondary | 590m |
| Canossa Catholic Primary School | Primary | 610m |
| Broadrick Secondary School | Secondary | 610m |
| EtonHouse International School (Broadrick) | International | 610m |
| Tao Nan School | Primary | 670m |
| Canadian International School (Tanjong Katong) | International | 680m |
| Tanjong Katong Primary School | Primary | 750m |
| Kong Hwa School | Primary | 850m |
| CHIJ (Katong) Primary | Primary | 950m |
| Geylang Methodist School (Secondary) | Secondary | 1.1 km |
| Geylang Methodist School (Primary) | Primary | 1.3 km |
FAQ
What is the average price for CARPMAEL THIRTY-EIGHT?
What is the rental yield for CARPMAEL THIRTY-EIGHT?
Is CARPMAEL THIRTY-EIGHT freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 3 transactions analysed
- Rental data: 12 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for CARPMAEL THIRTY-EIGHT
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