Mackenzie 138
Located in District 9 (Orchard, Cairnhill, River Valley), Mackenzie 138 is a freehold condominium in the Core Central Region (CCR). Completed in 2006, the development comprises 35 units. Sale and rental figures on this page are compiled from URA transaction records.
Overview & Key Facts
MACKENZIE 138 is a freehold condominium at MACKENZIE ROAD in District 9 (CCR), developed by MACLY CAPITAL PTE LTD, comprising 35 units, completed in 2006.
Location & Connectivity
MACKENZIE 138 is approximately 260m from Little India MRT station, with 15 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Little India | North-East Line | 260m |
| Little India | Downtown Line | 260m |
| Rochor | Downtown Line | 730m |
| Dhoby Ghaut | North-South Line | 920m |
| Dhoby Ghaut | North-East Line | 920m |
| Dhoby Ghaut | Circle Line | 920m |
Schools & Education
18 schools within 2 km (4 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| LASALLE College of the Arts | Tertiary | 570m |
| ACS (Junior) | Primary | 610m |
| St. Margaret's Secondary School | Secondary | 750m |
| St. Margaret's Primary School | Primary | 790m |
| Nanyang Academy of Fine Arts | Tertiary | 1.1 km |
| Singapore Management University | Tertiary | 1.2 km |
| Farrer Park Primary School | Primary | 1.3 km |
| School of the Arts | JC | 1.3 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 4 | $1,643 psf | $768,750 |
| 1 BR | 1 | $1,682 psf | $1,050,000 |
| 2 BR | 3 | $1,546 psf | $1,299,629 |
Market Position
MACKENZIE 138 has recorded 8 sales at an average price of $1,002,986.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at MACKENZIE 138 typically rent harder per dollar of purchase price. The final column shows monthly rent per $100,000 invested, so unit sizes compare on equal capital:
| Type | Avg Rent | Avg Price | Gross Yield | Rent per $100k |
|---|---|---|---|---|
| 1 BR | $2,883/mo | $1,050,000 | 3.29% | $275/mo |
| 2 BR | $3,426/mo | $1,299,629 | 3.16% | $264/mo |
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Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2022 | 2 | $1,544 psf | — |
| 2023 | 2 | $1,615 psf | ↑ 4.6% |
| 2024 | 1 | $1,560 psf | ↓ 3.4% |
| 2025 | 2 | $1,666 psf | ↑ 6.8% |
| 2026 | 1 | $1,682 psf | ↑ 1.0% |
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MACKENZIE 138 prices sit at a fresh series high after a 1.0% gain on the prior period, now 8.9% above the 2022 starting level.
Price Index Check
The ShiokNest Price Index for District 9 reads 102.3 as of June 2026 — up 0.9% 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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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| IRWELL HILL RESIDENCES | 99 yrs lease commencing from 2020 | $2,731 psf | 585 |
| RIVER GREEN | 99 yrs lease commencing from 2024 | $3,139 psf | 494 |
| RIVER MODERN | 99 years leasehold | $3,243 psf | 427 |
| THE AVENIR | Freehold | $3,191 psf | 323 |
| KOPAR AT NEWTON | 99 yrs lease commencing from 2019 | $2,512 psf | 256 |
What Could Work Against You
- Only 3 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 35 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: mrt-walkable commuters, cbd walking distance, yield-focused investors and long-term hold (10+ yr). Located ~262m from Little India MRT, this property is a comfortable daily walk for transit commuters.
young couples (no kids) and foreign / absd-aware buyers should treat this as a shortlist candidate, not a default choice.
It is a weaker fit for families with young children and resort facilities — other options likely serve them better. Family-suitable layout and CCR (Core Central Region) location with established school catchments nearby.
Verdict
MACKENZIE 138 is a freehold development in District 9 (CCR), with 35 units, offering a gross yield of 3.7%.
At ~$1,671 psf, it reflects its premium CCR positioning.
Explore the full MACKENZIE 138 dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing MACKENZIE 138 against staying public? These HDB towns sit within walking or short-drive distance:
- Central Area — 4-room average $1,088,814 (340m away)
- Kallang/whampoa — 4-room average $882,887 (690m away), an upgrader gap of about $100,000
FAQ
What is the average PSF for MACKENZIE 138?
Is MACKENZIE 138 freehold?
What is the rental yield for MACKENZIE 138?
Which MRT is nearest to MACKENZIE 138?
Sources & Next Steps
- MACKENZIE 138 Dashboard — Live charts and analytics
- URA — Official transaction data
- District 9 (Orchard, Cairnhill, River Valley) — District 9 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 8 transactions
- Rental data: 95 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: May 2026 · 8 records analysed · Source: URA private-sale caveats