We track 4 sales and 15 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the MERIDIAN 38 dashboard.
- Average sale price: $1,410,750 across 4 transactions
- Estimated gross rental yield: 2.7%
- District 15 PSF ranking: Mid-range (top 60%)
- Freehold tenure · OCR · D15 · 19 units
About MERIDIAN 38
MERIDIAN 38 is a freehold condominium, located at LORONG M TELOK KURAU in District 15 (Joo Chiat, Amber Road, Katong) (Outside Central Region), developed by JVA TELOK KURAU PTE LTD, comprising 19 residential units, completed in 2014.
As a freehold property, MERIDIAN 38 does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at MERIDIAN 38:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 2 | $1,426 psf | $1,059,000 |
| 3 BR | 2 | $1,480 psf | $1,762,500 |
Sales Market Overview
MERIDIAN 38 has recorded 4 sale transactions with an average transaction price of $1,410,750, ranging from $1,050,000 to $1,850,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 2 | $1,396 psf | $1,371,500 | — |
| 2025 | 1 | $1,414 psf | $1,050,000 | ↑ 1.3% |
| 2026 | 1 | $1,606 psf | $1,850,000 | ↑ 13.6% |
MERIDIAN 38 ranks in the top 60% of condos in District 15 by average PSF.
Compared to the OCR average of $1,550 psf, MERIDIAN 38 trades 6.3% below the segment benchmark.
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Rental Market Overview
MERIDIAN 38 has recorded 15 rental transactions with monthly rents averaging $3,153/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 6 | $2,517/mo | $2,000/mo | $3,900/mo |
| 3 BR | 7 | $3,186/mo | $2,000/mo | $4,800/mo |
| 4 BR | 2 | $4,950/mo | $4,500/mo | $5,400/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 2 | $2,050/mo |
| 2022 | 2 | $3,350/mo |
| 2023 | 3 | $2,467/mo |
| 2024 | 3 | $3,633/mo |
| 2025 | 2 | $4,400/mo |
| 2026 | 3 | $3,133/mo |
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Investment Analysis
Based on average rents and sale prices, MERIDIAN 38 delivers an estimated gross rental yield of 2.7%. 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 MERIDIAN 38 (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- MERIDIAN 38
- Marine Terrace MRT
- Marine Parade MRT
- Kembangan MRT
- Eunos MRT
- Telok Kurau Primary School
- Canadian International School (Tanjong Katong)
- Tanjong Katong Girls'
Nearby MRT Stations
MERIDIAN 38 is 490m from Marine Terrace MRT (Thomson-East Coast Line), with 4 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Marine Terrace | TE27 | Thomson-East Coast Line | 490m |
| Marine Parade | TE26 | Thomson-East Coast Line | 1.0 km |
| Kembangan | EW6 | East-West Line | 1.2 km |
| Eunos | EW7 | East-West Line | 1.4 km |
Nearby Schools
There are 13 schools within 2 km of MERIDIAN 38, including 1 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Telok Kurau Primary School | Primary | 390m |
| Canadian International School (Tanjong Katong) | International | 1.1 km |
| Tanjong Katong Girls' School | Secondary | 1.1 km |
| Broadrick Secondary School | Secondary | 1.2 km |
| EtonHouse International School (Broadrick) | International | 1.2 km |
| CHIJ (Katong) Primary | Primary | 1.2 km |
| Chung Cheng High School (Main) | Secondary | 1.3 km |
| Canossa Catholic Primary School | Primary | 1.3 km |
| Tao Nan School | Primary | 1.4 km |
| East Coast Primary School | Primary | 1.5 km |
| Global Indian International School (GIIS East Coast) | International | 1.5 km |
| Tanjong Katong Primary School | Primary | 1.6 km |
FAQ
What is the average price for MERIDIAN 38?
What is the rental yield for MERIDIAN 38?
Is MERIDIAN 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: 4 transactions analysed
- Rental data: 15 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 MERIDIAN 38
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