MARTIN PLACE RESIDENCES is a freehold development along MARTIN PLACE in District 9 (Orchard / River Valley), part of the CCR segment of Singapore's private residential market. The project comprises 302 units and is TOP 2011.
This profile draws on 45 recorded transactions from URA to frame the project's character: who actually lives here, who buys here, and where the pricing sits relative to immediate alternatives. For the broader district context, see the Singapore price-heatmap map.
At roughly 15 years from TOP, MARTIN PLACE RESIDENCES is in mature-resale territory: a clear track record on capital appreciation, defined renovation and refurbishment cycles, and lease-decay considerations starting to enter the picture (if leasehold).
Within District 9 (Orchard / River Valley), the immediate context for MARTIN PLACE RESIDENCES is shaped by the broader URA Master Plan zoning for the area, ongoing or planned infrastructure (MRT extensions, expressway changes, school relocations), and the supply pipeline of nearby launches. See the URA Master Plan 2019 for the precinct-specific land-use overlay before underwriting medium-term capital appreciation.
We track 45 sales and 597 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the MARTIN PLACE RESIDENCES dashboard.
- Average sale price: $3,231,811 across 45 transactions
- Estimated gross rental yield: 2.7%
- District 9 PSF ranking: Premium tier (top 22%)
- Freehold tenure · CCR · D9 · 302 units
About MARTIN PLACE RESIDENCES
MARTIN PLACE RESIDENCES is a freehold condominium, located at MARTIN PLACE in District 9 (Orchard, Cairnhill, River Valley) (Core Central Region), developed by FCL LAND PTE LTD (FRASERS CENTREPOINT HOMES), comprising 302 residential units, completed in 2011.
As a freehold property, MARTIN PLACE RESIDENCES does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at MARTIN PLACE RESIDENCES:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 9 | $2,303 psf | $1,391,778 |
| 3 BR | 13 | $2,543 psf | $2,749,231 |
| 4 BR | 19 | $2,635 psf | $3,978,184 |
| 5+ BR | 4 | $2,695 psf | $5,395,000 |
Sales Market Overview
MARTIN PLACE RESIDENCES has recorded 45 sale transactions with an average transaction price of $3,231,811, ranging from $1,250,000 to $5,650,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 12 | $2,368 psf | $2,587,500 | — |
| 2022 | 8 | $2,463 psf | $3,210,375 | ↑ 4.0% |
| 2023 | 7 | $2,551 psf | $3,532,857 | ↑ 3.6% |
| 2024 | 5 | $2,599 psf | $3,399,600 | ↑ 1.9% |
| 2025 | 9 | $2,662 psf | $3,172,411 | ↑ 2.4% |
| 2026 | 4 | $2,926 psf | $4,604,700 | ↑ 9.9% |
MARTIN PLACE RESIDENCES ranks in the top 22% of condos in District 9 by average PSF.
Compared to the CCR average of $2,447 psf, MARTIN PLACE RESIDENCES trades 4.1% above the segment benchmark.
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Rental Market Overview
MARTIN PLACE RESIDENCES has recorded 597 rental transactions with monthly rents averaging $7,173/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 165 | $3,898/mo | $2,750/mo | $5,500/mo |
| 2 BR | 166 | $6,515/mo | $4,300/mo | $8,000/mo |
| 3 BR | 201 | $8,989/mo | $6,000/mo | $14,000/mo |
| 4 BR | 61 | $11,216/mo | $7,700/mo | $14,000/mo |
| 5+ BR | 4 | $16,700/mo | $12,800/mo | $23,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 117 | $5,716/mo |
| 2022 | 118 | $6,806/mo |
| 2023 | 108 | $7,912/mo |
| 2024 | 105 | $7,666/mo |
| 2025 | 105 | $7,793/mo |
| 2026 | 44 | $7,564/mo |
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Investment Analysis
Based on average rents and sale prices, MARTIN PLACE RESIDENCES delivers an estimated gross rental yield of 2.7%. 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 PLACE RESIDENCES (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- MARTIN PLACE RESIDENCES
- Great World MRT
- Fort Canning MRT
- Somerset MRT
- Havelock MRT
- Dhoby Ghaut MRT
- Fairfield Methodist School (Primary)
- Kheng Cheng School
- Outram Secondary School
Nearby MRT Stations
MARTIN PLACE RESIDENCES is 480m from Great World MRT (Thomson-East Coast Line), with 15 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Great World | TE15 | Thomson-East Coast Line | 480m |
| Fort Canning | DT20 | Downtown Line | 700m |
| Somerset | NS23 | North-South Line | 710m |
| Havelock | TE16 | Thomson-East Coast Line | 780m |
| Dhoby Ghaut | NS24 | North-South Line | 970m |
| Dhoby Ghaut | NE6 | North-East Line | 970m |
| Dhoby Ghaut | CC1 | Circle Line | 970m |
| Clarke Quay | NE5 | North-East Line | 1.1 km |
Nearby Schools
There are 12 schools within 2 km of MARTIN PLACE RESIDENCES, including 2 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Fairfield Methodist School (Primary) | Primary | 140m |
| Kheng Cheng School | Primary | 430m |
| Outram Secondary School | Secondary | 1.2 km |
| ACS (Junior) | Primary | 1.3 km |
| Singapore Management University | Tertiary | 1.3 km |
| Gan Eng Seng School | Secondary | 1.4 km |
| Gan Eng Seng Primary School | Primary | 1.5 km |
| School of the Arts | Jc | 1.6 km |
| Nanyang Academy of Fine Arts | Tertiary | 1.6 km |
| St. Anthony's Primary School | Primary | 1.7 km |
| Cantonment Primary School | Primary | 1.9 km |
| Chatsworth International School (Orchard) | International | 1.9 km |
Tenure resilience. Freehold tenure removes the lease-decay headwind that affects 99-year leasehold stock from ~year 60 onward. CPF eligibility, loan-tenure caps, and resale buyer pool are all preserved without the time-decay clock. For long holds (15+ years), this matters meaningfully more than headline PSF.
Genuine walk-to-MRT access. Great World sits about 0.48km away — true walking distance, not the elastic 800m claim that some listings stretch. For tenants and commuter-owners, this anchors rental demand and supports a steady capital-value floor across cycles.
Solid facilities scale. 302 units is large enough to support pool, gym, function rooms, and BBQ pavilions without the booking-pressure issues that smaller boutique developments face. Per-unit maintenance is in a manageable band.
School-belt proximity. Fairfield Methodist School (Primary) sits about 0.14km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Cycle-sensitivity. Like all Singapore private residential, the project's capital appreciation and rental yields move with broader macro factors — mortgage rate environment, MAS macroprudential stance (TDSR, ABSD), and the supply-pipeline tempo. Build a 5pp rate buffer into your stress test.
- ✅ Young couple, first home: Long balance lease + likely sub-CCR pricing
- ✅ Family with school-age kids: Nearby schools support MOE registration priority
- ✅ CBD commuter: Walking-distance MRT supports daily commute
- ❌ Rental investor (yield-focused): Thin transaction history makes underwriting fragile
- ✅ Foreign professional (expat): MRT plus mid-size facility suite typically meets expat-tenant criteria
- ✅ Long-term hold (10+ yr): Tenure supports CPF + buyer-pool through hold
Composite assessment: MARTIN PLACE RESIDENCES hits the three structural levers that anchor long-term Singapore residential value: a prime district position, walkable MRT, and a long balance lease. Premium pricing is the trade-off; buyers paying that premium are buying scarcity rather than yield. 45 transactions in URA provide the data foundation for this view.
Suggested holding period for most buyer profiles: 8-15 years to absorb full cycle and capture the prime-district capital-appreciation thesis. Cross-reference per-bedroom net yield against district comparables via the compare-tool, model monthly cash-flow with the mortgage calculator, and confirm your effective BSD+ABSD cost using the stamp-duty calculator before finalising. This profile is informational; not a personal investment recommendation.
FAQ
What is the average price for MARTIN PLACE RESIDENCES?
What is the rental yield for MARTIN PLACE RESIDENCES?
Is MARTIN PLACE RESIDENCES freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA.
- Sales data: 45 transactions analysed
- Rental data: 597 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 PLACE RESIDENCES
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.
New Sale vs Resale Mix
Of the 1,930 condo transactions recorded in District 9 over the last 12 months, 62% new sale, 37% resale, 1% sub sale. A resale-heavy mix points to an established market trading on fundamentals; a new-sale-heavy mix means developer launches are setting the price benchmarks.
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Price Index Check
The ShiokNest Price Index for District 9 reads 102.6 as of June 2026 — up 1.2% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Upcoming Supply Pipeline
2 active Government Land Sales sites in District 9 could add roughly 640 new units to local supply. Incoming supply of this scale tends to cap short-term price growth in the immediate area but also signals planning confidence in the location.
| Site | Street | Est. units | List | Status |
|---|---|---|---|---|
| Zion Road (Parcel A) | — | ~440 | Confirmed | Awarded |
| Zion Road (Parcel B) | — | ~200 | Confirmed | Awarded |
HDB Alternatives Nearby
Weighing MARTIN PLACE RESIDENCES against staying public? These HDB towns sit within walking or short-drive distance:
- Central Area — 4-room average $1,088,814 (650m away), an upgrader gap of about $2,100,000
- Bukit Merah — 4-room average $894,787 (730m away), an upgrader gap of about $2,300,000
- Kallang/whampoa — 4-room average $882,887 (1.9 km away), an upgrader gap of about $2,300,000