Race Course 138
Race Course 138 is a freehold condominium located in District 8 (Little India), part of the Rest of Central Region (RCR). The development was completed in 2004 and comprises 24 units. Sale and rental figures on this page are compiled from URA transaction records.
Overview & Key Facts
RACE COURSE 138 is a freehold condominium at RACE COURSE ROAD in District 8 (RCR), developed by , comprising 24 units, completed in 2004.
Location & Connectivity
RACE COURSE 138 is approximately 360m from Farrer Park MRT station, with 15 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Farrer Park | North-East Line | 360m |
| Little India | North-East Line | 500m |
| Little India | Downtown Line | 500m |
| Jalan Besar | Downtown Line | 610m |
| Rochor | Downtown Line | 700m |
| Bugis | East-West Line | 1.1 km |
Schools & Education
17 schools within 2 km (6 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| LASALLE College of the Arts | Tertiary | 390m |
| Farrer Park Primary School | Primary | 590m |
| St. Andrew's Secondary School | Secondary | 920m |
| St. Andrew's Junior College | JC | 920m |
| St. Margaret's Secondary School | Secondary | 950m |
| St. Andrew's Junior School | Primary | 960m |
| St. Margaret's Primary School | Primary | 1 km |
| CHIJ Our Lady Queen of Peace | Primary | 1.1 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 1 | $1,572 psf | $660,000 |
| 1 BR | 1 | $1,104 psf | $630,000 |
| 3 BR | 5 | $1,070 psf | $1,198,000 |
| 4 BR | 3 | $1,072 psf | $1,616,669 |
Market Position
RACE COURSE 138 has recorded 10 sales at an average price of $1,213,001.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at RACE COURSE 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 | $2,555/mo | $630,000 | 4.87% | $406/mo |
| 3 BR | $4,213/mo | $1,198,000 | 4.22% | $352/mo |
| 4 BR | $6,600/mo | $1,616,669 | 4.90% | $408/mo |
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Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2022 | 3 | $1,052 psf | — |
| 2023 | 1 | $1,572 psf | ↑ 49.5% |
| 2024 | 1 | $1,041 psf | ↓ 33.8% |
| 2025 | 4 | $1,105 psf | ↑ 6.2% |
| 2026 | 1 | $1,052 psf | ↓ 4.8% |
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RACE COURSE 138 prices have cooled 33.1% from the 2023 peak, yet remain 0.0% below where the series began in 2022.
Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| PICCADILLY GRAND | 99 yrs lease commencing from 2021 | $2,173 psf | 434 |
| CITYLIGHTS | 99 yrs lease commencing from 2004 | $1,777 psf | 138 |
| CITY SQUARE RESIDENCES | Freehold | $1,897 psf | 116 |
| STURDEE RESIDENCES | 99 yrs lease commencing from 2015 | $1,999 psf | 107 |
| KERRISDALE | 99 yrs lease commencing from 1998 | $1,400 psf | 92 |
What Could Work Against You
- Only 2 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 24 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
The profile fits mrt-walkable commuters, yield-focused investors, long-term hold (10+ yr) and freehold / generational hold best. Located ~358m from Farrer Park MRT, this property is a comfortable daily walk for transit commuters.
families with young children should treat this as a shortlist candidate, not a default choice.
resort facilities should probably look elsewhere. Resort-grade amenity stack including multiple pools, clubhouse, and recreational facilities.
Verdict
RACE COURSE 138 is a freehold development in District 8 (RCR), with 24 units, offering a gross yield of 3.5%.
At ~$1,095 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full RACE COURSE 138 dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing RACE COURSE 138 against staying public? These HDB towns sit within walking or short-drive distance:
- Central Area — 4-room average $1,088,814 (60m away), an upgrader gap of about $100,000
- Kallang/whampoa — 4-room average $882,887 (160m away), an upgrader gap of about $350,000
FAQ
What is the average PSF for RACE COURSE 138?
Is RACE COURSE 138 freehold?
What is the rental yield for RACE COURSE 138?
Which MRT is nearest to RACE COURSE 138?
Sources & Next Steps
- RACE COURSE 138 Dashboard — Live charts and analytics
- URA — Official transaction data
- District 8 (Little India) — District 8 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: 10 transactions
- Rental data: 49 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Mar 2026 · 10 records analysed · Source: URA private-sale caveats