Meridian 38
Located in District 15 (Joo Chiat, Amber Road, Katong), Meridian 38 is a freehold condominium in the Outside Central Region (OCR). Completed in 2014, the development comprises 19 units. Sale and rental figures on this page are compiled from URA transaction records.
Overview & Key Facts
MERIDIAN 38 is a freehold condominium at LORONG M TELOK KURAU in District 15 (OCR), developed by JVA TELOK KURAU PTE LTD, comprising 19 units, completed in 2014.
Location & Connectivity
MERIDIAN 38 is approximately 490m from Marine Terrace MRT station, with 4 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Marine Terrace | Thomson-East Coast Line | 490m |
| Marine Parade | Thomson-East Coast Line | 1 km |
| Kembangan | East-West Line | 1.2 km |
| Eunos | East-West Line | 1.4 km |
Schools & Education
13 schools within 2 km (1 within 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 |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 2 | $1,426 psf | $1,059,000 |
| 3 BR | 3 | $1,516 psf | $1,784,333 |
Market Position
MERIDIAN 38 has recorded 5 sales at an average price of $1,494,200.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at MERIDIAN 38 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 |
|---|---|---|---|---|
| 2 BR | $2,517/mo | $1,059,000 | 2.85% | $238/mo |
| 3 BR | $3,186/mo | $1,784,333 | 2.14% | $179/mo |
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Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 2 | $1,396 psf | — |
| 2025 | 1 | $1,414 psf | ↑ 1.3% |
| 2026 | 2 | $1,597 psf | ↑ 12.9% |
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The latest reading marks the highest point in this series — MERIDIAN 38 prices have climbed 14.4% since 2021.
Price Index Check
The ShiokNest Price Index for District 15 reads 110.5 as of June 2026 — down 9.3% 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 |
|---|---|---|---|
| GRAND DUNMAN | 99 yrs lease commencing from 2022 | $2,536 psf | 913 |
| EMERALD OF KATONG | 99 yrs lease commencing from 2023 | $2,640 psf | 844 |
| THE CONTINUUM | Freehold | $2,790 psf | 783 |
| TEMBUSU GRAND | 99 yrs lease commencing from 2022 | $2,467 psf | 645 |
| AMBER PARK | Freehold | $2,549 psf | 397 |
What Could Work Against You
- With just 3 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- The 19-unit size cuts both ways: exclusivity, but thinner resale liquidity and higher per-unit maintenance contributions than larger estates.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: mrt-walkable commuters, p1 school balloting families, long-term hold (10+ yr) and freehold / generational hold. MRT proximity is the standout commute feature for daily transit users.
car-owning households should treat this as a shortlist candidate, not a default choice.
short-term flippers (<5 yr) and resort facilities should probably look elsewhere. TOP 2014 keeps the SSD window in mind for buyers exploring the 3-5 year resale-arbitrage strategy.
Verdict
MERIDIAN 38 is a freehold development in District 15 (OCR), with 19 units, offering a gross yield of 2.7%.
At ~$1,536 psf, it represents a competitive entry point in the OCR segment.
Explore the full MERIDIAN 38 dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing MERIDIAN 38 against staying public? These HDB towns sit within walking or short-drive distance:
- Marine Parade — 4-room average $648,065 (540m away), an upgrader gap of about $850,000
- Geylang — 4-room average $761,443 (1.3 km away), an upgrader gap of about $750,000
- Bedok — 4-room average $659,895 (1.4 km away), an upgrader gap of about $850,000
FAQ
What is the average PSF for MERIDIAN 38?
Is MERIDIAN 38 freehold?
What is the rental yield for MERIDIAN 38?
Which MRT is nearest to MERIDIAN 38?
Sources & Next Steps
- MERIDIAN 38 Dashboard — Live charts and analytics
- URA — Official transaction data
- District 15 (Joo Chiat, Amber Road, Katong) — District 15 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: 5 transactions
- Rental data: 16 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: May 2026 · 5 records analysed · Source: URA private-sale caveats