We track 10 sales and 52 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the RESIDENCES AT 338A dashboard.
- Average sale price: $2,506,300 across 10 transactions
- Estimated gross rental yield: 2.5%
- District 9 PSF ranking: Mid-range (top 56%)
- Freehold tenure · CCR · D9 · 46 units
About RESIDENCES AT 338A
RESIDENCES AT 338A is a freehold condominium, located at RIVER VALLEY ROAD in District 9 (Orchard, Cairnhill, River Valley) (Core Central Region), developed by SPRINGSTAR PROPERTIES PTE LTD, comprising 46 residential units, completed in 2004.
As a freehold property, RESIDENCES AT 338A does not face lease decay concerns.
Sales Market Overview
RESIDENCES AT 338A has recorded 10 sale transactions with an average transaction price of $2,506,300, ranging from $2,080,000 to $2,850,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 2 | $1,935 psf | $2,209,000 | — |
| 2022 | 2 | $2,112 psf | $2,655,000 | ↑ 9.1% |
| 2023 | 1 | $2,030 psf | $2,360,000 | ↓ 3.9% |
| 2024 | 2 | $2,077 psf | $2,522,500 | ↑ 2.3% |
| 2025 | 2 | $2,107 psf | $2,540,000 | ↑ 1.5% |
| 2026 | 1 | $2,170 psf | $2,850,000 | ↑ 3.0% |
RESIDENCES AT 338A ranks in the top 56% of condos in District 9 by average PSF.
Compared to the CCR average of $2,447 psf, RESIDENCES AT 338A trades 15.6% below the segment benchmark.
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Rental Market Overview
RESIDENCES AT 338A has recorded 52 rental transactions with monthly rents averaging $5,166/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 3 BR | 52 | $5,166/mo | $3,750/mo | $7,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 13 | $4,235/mo |
| 2022 | 8 | $5,013/mo |
| 2023 | 11 | $5,645/mo |
| 2024 | 10 | $5,585/mo |
| 2025 | 7 | $5,557/mo |
| 2026 | 3 | $5,550/mo |
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Investment Analysis
Based on average rents and sale prices, RESIDENCES AT 338A delivers an estimated gross rental yield of 2.5%. 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 RESIDENCES AT 338A (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- RESIDENCES AT 338A
- Great World MRT
- Somerset MRT
- Fort Canning MRT
- Dhoby Ghaut MRT
- Dhoby Ghaut MRT
- Fairfield Methodist School (Primary)
- Kheng Cheng School
- ACS (Junior)
Nearby MRT Stations
RESIDENCES AT 338A is 460m 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 | 460m |
| Somerset | NS23 | North-South Line | 470m |
| Fort Canning | DT20 | Downtown Line | 810m |
| Dhoby Ghaut | NS24 | North-South Line | 880m |
| Dhoby Ghaut | NE6 | North-East Line | 880m |
| Dhoby Ghaut | CC1 | Circle Line | 880m |
| Havelock | TE16 | Thomson-East Coast Line | 970m |
| Orchard Boulevard | TE13 | Thomson-East Coast Line | 1.1 km |
Nearby Schools
There are 16 schools within 2 km of RESIDENCES AT 338A, including 2 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Fairfield Methodist School (Primary) | Primary | 350m |
| Kheng Cheng School | Primary | 440m |
| ACS (Junior) | Primary | 1.0 km |
| Singapore Management University | Tertiary | 1.3 km |
| Outram Secondary School | Secondary | 1.4 km |
| St. Anthony's Primary School | Primary | 1.4 km |
| Gan Eng Seng School | Secondary | 1.5 km |
| Gan Eng Seng Primary School | Primary | 1.5 km |
| Nanyang Academy of Fine Arts | Tertiary | 1.6 km |
| School of the Arts | Jc | 1.6 km |
| Chatsworth International School (Orchard) | International | 1.7 km |
| ISS International School (Paterson) | International | 1.9 km |
FAQ
What is the average price for RESIDENCES AT 338A?
What is the rental yield for RESIDENCES AT 338A?
Is RESIDENCES AT 338A 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: 10 transactions analysed
- Rental data: 52 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 RESIDENCES AT 338A
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