We track 31 sales and 155 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the MARTIN NO 38 dashboard.
- Average sale price: $3,376,187 across 31 transactions
- Estimated gross rental yield: 2.8%
- District 9 PSF ranking: Premium tier (top 24%)
- Freehold tenure · CCR · D9 · 88 units
About MARTIN NO 38
MARTIN NO 38 is a freehold condominium, located at MARTIN ROAD in District 9 (Orchard, Cairnhill, River Valley) (Core Central Region), comprising 88 residential units.
As a freehold property, MARTIN NO 38 does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at MARTIN NO 38:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 26 | $2,541 psf | $2,832,423 |
| 4 BR | 2 | $2,794 psf | $4,150,000 |
| 5+ BR | 3 | $2,138 psf | $7,572,936 |
Sales Market Overview
MARTIN NO 38 has recorded 31 sale transactions with an average transaction price of $3,376,187, ranging from $2,180,000 to $9,218,808.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 8 | $2,431 psf | $3,060,625 | — |
| 2022 | 5 | $2,524 psf | $2,880,000 | ↑ 3.8% |
| 2023 | 5 | $2,407 psf | $5,345,762 | ↓ 4.7% |
| 2024 | 4 | $2,609 psf | $3,004,500 | ↑ 8.4% |
| 2025 | 7 | $2,613 psf | $3,071,429 | ↑ 0.2% |
| 2026 | 2 | $2,624 psf | $2,765,000 | ↑ 0.4% |
MARTIN NO 38 ranks in the top 24% of condos in District 9 by average PSF.
Compared to the CCR average of $2,447 psf, MARTIN NO 38 trades 2.9% above the segment benchmark.
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Rental Market Overview
MARTIN NO 38 has recorded 155 rental transactions with monthly rents averaging $7,799/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 61 | $6,439/mo | $5,200/mo | $9,000/mo |
| 2 BR | 84 | $8,135/mo | $6,000/mo | $17,000/mo |
| 3 BR | 8 | $9,723/mo | $8,280/mo | $11,800/mo |
| 4 BR | 2 | $27,500/mo | $15,000/mo | $40,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 26 | $6,635/mo |
| 2022 | 41 | $8,137/mo |
| 2023 | 22 | $8,205/mo |
| 2024 | 36 | $8,151/mo |
| 2025 | 22 | $7,507/mo |
| 2026 | 8 | $7,950/mo |
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Investment Analysis
Based on average rents and sale prices, MARTIN NO 38 delivers an estimated gross rental yield of 2.8%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 9
Side-by-side comparison against the most actively traded condos in District 9 (Orchard, Cairnhill, River Valley):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| IRWELL HILL RESIDENCES | 99 yrs lease commencing from 2020 | 540 | $2,730 psf | 582 |
| RIVER GREEN | 99 yrs lease commencing from 2024 | 524 | $3,138 psf | 491 |
| RIVER MODERN | 99 years leasehold | — | $3,239 psf | 421 |
| THE AVENIR | Freehold | 376 | $3,190 psf | 322 |
| KOPAR AT NEWTON | 99 yrs lease commencing from 2019 | 378 | $2,513 psf | 253 |
Location Map
Map shows MARTIN NO 38 (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- MARTIN NO 38
- Great World MRT
- Havelock MRT
- Fort Canning MRT
- Somerset MRT
- Clarke Quay MRT
- Fairfield Methodist School (Primary)
- Kheng Cheng School
- Outram Secondary School
Nearby MRT Stations
MARTIN NO 38 is 590m from Great World MRT (Thomson-East Coast Line), with 17 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Great World | TE15 | Thomson-East Coast Line | 590m |
| Havelock | TE16 | Thomson-East Coast Line | 620m |
| Fort Canning | DT20 | Downtown Line | 670m |
| Somerset | NS23 | North-South Line | 950m |
| Clarke Quay | NE5 | North-East Line | 1.0 km |
| Chinatown | NE4 | North-East Line | 1.1 km |
| Chinatown | DT19 | Downtown Line | 1.1 km |
| Dhoby Ghaut | NS24 | North-South Line | 1.1 km |
Nearby Schools
There are 11 schools within 2 km of MARTIN NO 38, including 3 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Fairfield Methodist School (Primary) | Primary | 200m |
| Kheng Cheng School | Primary | 540m |
| Outram Secondary School | Secondary | 960m |
| Gan Eng Seng School | Secondary | 1.3 km |
| Gan Eng Seng Primary School | Primary | 1.4 km |
| Singapore Management University | Tertiary | 1.4 km |
| ACS (Junior) | Primary | 1.5 km |
| Cantonment Primary School | Primary | 1.7 km |
| School of the Arts | Jc | 1.7 km |
| Nanyang Academy of Fine Arts | Tertiary | 1.7 km |
| St. Anthony's Primary School | Primary | 1.9 km |
FAQ
What is the average price for MARTIN NO 38?
What is the rental yield for MARTIN NO 38?
Is MARTIN NO 38 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: 31 transactions analysed
- Rental data: 155 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 MARTIN NO 38
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.