Martin No 38 rent and sale price
D09 / Orchard, Cairnhill, River Valley
Address 38 Martin Road Martin No 38 Singapore 239059
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Apartment, Non-Landed Properties 184 transactions Freehold Latest records Jun 2026
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Project read
Quick summary about Martin No 38
Martin No 38 is a freehold apartment in D09 / Orchard, Cairnhill, River Valley. The page currently tracks 155 rentals and 29 sales.
- Typical rent is $7,500 per month, with bedroom and floor-area splits below for a closer unit-level view.
- Typical sale price is $2,850,000, with median sale PSF at $2,522 psf and total recorded sale value of $98.9M.
- Rent is up 13.1% over the last 3 months. Sale PSF is down 3.0% over the last 3 months.
Martin No 38 Market Position
How this project compares with the wider D09 market before you read the detailed tables.
Rent vs D09 +36.4%
Rents above district median
Martin No 38's median rent is $7,500 compared with the D09 median of $5,500. Use this as the district-level check before narrowing by bedroom and area band.
Sale PSF vs D09 -4.4%
Sale PSF near district median
Martin No 38's median sale PSF is $2,522 psf versus the D09 median of $2,638 psf. A premium should be explained by tenure, condition, floor, view or scarcity.
Rent support 3.16%
Rent support above district screen
Gross yield is roughly 3.16% versus a D09 screen of 2.72%. Treat this as a first-pass rent support signal before costs, vacancy and financing.
Rent stability 38.5% spread
Rent is uneven
Recent median rents vary a lot, usually because unit mix differs month to month.
Market activity +33.3%
Activity is rising
20 recent transactions versus 15 in the prior 6-month view.
Tenure lens Freehold
Freehold comparison needed
Freehold matters most on sale price. Compare Martin No 38 against nearby projects with similar tenure before treating a PSF gap as cheap or expensive.
Martin No 38 Decision Snapshot
Fast checks for rent fairness, purchase pricing, stable rent and transaction activity before you dig into the tables.
Median rent $7,500
Is the asking rent fair?
$7,150 to $7,900 is the first fair-rent band to check. Above $7,900 should have a visible reason.
Median sale PSF $2,522 psf
Is the purchase price fair?
$2,760,000 to $2,940,000 and $2,450 to $2,600 psf are the first sale checks before adjusting for floor, size, view and condition.
2 bed rent $8,100
Are similar units renting for more?
2 bed and 1,100 to 1,200 sqft give the closest unit-size checks.
Rent stability 38.5% spread
Is rent stable here?
Rent is uneven. Recent median rents vary a lot, usually because unit mix differs month to month.
Transaction volume +33.3%
Is activity rising?
Activity is rising. 20 recent transactions versus 15 in the prior 6-month view.
Run Martin No 38 numbers
Use the typical rent and sale price from this project page as a starting point, then adjust the calculator assumptions.
Rental yield $7,500/mo Test gross and net yield against typical rent. Buy vs rent $2.9M Compare ownership cost against renting. Mortgage $2.9M Estimate monthly payment from the sale price. Stamp duty $2,522 psf Estimate buyer stamp duty before offer math. Purchase timeline Offer steps Map the option fee, exercise date, stamp duty and completion.
Martin No 38 Project Facts
Project-level details from URA records and local enrichment.
Tenure Freehold
Property type Apartment, Non-Landed Properties
Sales 29 resale transactions
Total sold value $98.9M
Martin No 38 Data Coverage
Use this to judge whether the project has enough rent, sale and recent transaction depth for a confident comparison.
Rentals 155 Jun 2021 to May 2026
Sale transactions 29 Jun 2021 to May 2026
Rent trend 13.1% Last 3 months
Sale PSF trend -3.0% Last 3 months
Martin No 38 Location
Nearest transport, schools and daily conveniences around the project.
Project MRT School Amenities
Nearby
Approximate distance from the project. Walking, driving and transit routes may differ.
Closest MRT
GREAT WORLD MRT STATION (TE15) 0.52 km away
HAVELOCK MRT STATION (TE16) 0.64 km away
FORT CANNING MRT STATION (DT20) 0.7 km away
Schools nearby
RIVER VALLEY PRIMARY SCHOOL 0.34 km away
OUTRAM SECONDARY SCHOOL 0.63 km away
CHATSWORTH INTERNATIONAL SCHOOL (ORCHARD CAMPUS) 1.12 km away
ISS INTERNATIONAL SCHOOL (ELEMENTARY & MIDDLE SCHOOL CAMPUS) 1.37 km away
Amenities
UE SHOPPING MALL Mall / retail · 0.55 km away
FAIRPRICE FINEST THE CENTREPOINT Daily needs · 1.08 km away
ALEXANDRA PARK CONNECTOR Park / green link · 1.48 km away
HAWKER CENTRE (BLK 1 JALAN KUKOH) Food centre · 0.48 km away
Martin No 38 Rent and Sale PSF Trends
Recent rent, sale PSF and contract activity for this project.
Latest median rent $8,400 43 rentals in view
Latest median sale PSF $2,517 psf 11 sales in view
Month Rent contracts Median rent Sale transactions Median sale PSF Median sale
May 2026 8 $8,400 1 $2,517 psf $2,438,000
Apr 2026 1 $7,000 0 - -
Mar 2026 3 $8,200 0 - -
Feb 2026 2 $9,300 1 $2,761 psf $3,120,000
Jan 2026 2 $7,250 1 $2,488 psf $2,410,000
Dec 2025 1 $6,550 0 - -
Nov 2025 5 $7,800 0 - -
Sept 2025 3 $7,000 0 - -
Aug 2025 2 $8,100 0 - -
Jul 2025 1 $7,600 0 - -
Jun 2025 0 - 2 $2,669 psf $3,562,500
May 2025 1 $6,400 1 $2,534 psf $2,455,000
Projects Similar to Martin No 38
Same district, ranked by similar rent, sale PSF and transaction depth.
Freehold The Suites at Central 0.7 km away 335 transactions
- Median rent
- $7,500
- Median sale PSF
- $2,492 psf
- Median rent
- $7,000
- Median sale PSF
- $2,547 psf
- Median rent
- $8,000
- Median sale PSF
- $2,555 psf
- Median rent
- $7,500
- Median sale PSF
- $2,640 psf
- Median rent
- $7,000
- Median sale PSF
- $2,728 psf
- Median rent
- $6,500
- Median sale PSF
- $2,497 psf
Martin No 38 Rent by Bedrooms
Monthly rent by recorded bedroom count.
Bedrooms Median rent Average rent Transactions
1 bed $6,500 $6,503 60
2 bed $8,100 $8,222 85
3 bed $9,050 $9,723 8
4 bed $27,500 $27,500 2
Martin No 38 Rent by Size
Monthly rent by recorded URA floor area band.
Area band Median rent Average rent Transactions
900 to 1,000 sqft $6,400 $6,407 51
1,000 to 1,100 sqft $6,700 $6,700 7
1,100 to 1,200 sqft $8,000 $7,955 69
1,300 to 1,400 sqft $9,000 $8,867 15
1,400 to 1,500 sqft $9,000 $9,642 9
1,900 to 2,000 sqft $7,500 $7,500 1
2,200 to 2,300 sqft $17,000 $17,000 1
4,300 to 4,400 sqft $27,500 $27,500 2
Martin No 38 Sale PSF by Floor
Median sale price and PSF by recorded floor band.
Floor band Median sale Median PSF Transactions
01 to 05 $2,438,000 $2,508 psf 9
06 to 10 $2,825,000 $2,537 psf 14
11 to 15 $5,100,000 $2,509 psf 6
Martin No 38 Latest Transactions
Most recent URA rentals and sales for this project.
Rentals
Sales
How to use this data
Practical guidance for renters, buyers and sellers. This is not a valuation, it is a starting point for comparing real transactions.
Rent negotiation
If you are renting
Martin No 38 shows a typical monthly rent of $7,500 across 155 rentals. Use that as the first anchor, then check the bedroom and floor-area bands before accepting an asking rent.
Median rent $7,500
Rentals 155
Rent signal Strong
- If the asking rent is above the median, look for a clear reason such as larger size, newer condition, furnishings or a better stack.
- If it is below the median, check whether the unit is smaller, older, lower floor or has a shorter lease term.
Offer check
If you are buying
Recent sales at Martin No 38 point to a typical sale price of $2,850,000 and $2,522 psf. Treat those as the first comparable range, then adjust for floor, size, condition and tenure.
Median sale $2,850,000
Median PSF $2,522 psf
Sale signal Moderate
- Compare the unit against the sale by floor table before deciding whether a premium makes sense.
- Freehold should be part of the buying decision, especially when comparing against newer leasehold or nearby freehold projects.
Listing position
If you are selling
For sellers, the cleanest starting point is the project median PSF, then the latest sales and nearby project comps. Martin No 38 has 29 sales on this page, so pricing should be checked against actual recent contracts before listing.
Sale signal Moderate
Total sold value $98.9M
Latest record May 2026
- Use the latest sales table to avoid anchoring to stale prices when the most recent month moved differently.
- If you want to price above recent PSF, the listing needs a visible reason such as renovation, view, layout, floor or scarcity.
District context
Use D09 to compare Martin No 38 against the wider area.
About this data
How to read the rental and sale figures on this page.
Rental figures come from URA private residential rent data. Rent is shown as monthly rent.
Sale figures come from private residential sale data. PSF and total selling value are shown where the needed fields are available.
Rental floor level is not available from this source, so rental analysis is split by bedroom count and floor area band.
Sale floor band is available for many sale transactions, so sale prices can be grouped by recorded floor band.
Martin No 38 FAQ
Quick answers for renters, buyers and owners comparing this project.
What is the typical rent at Martin No 38?
Martin No 38 has a median monthly rent of $7,500 across 155 rentals.
What is the typical sale price at Martin No 38?
The median sale price for Martin No 38 is $2,850,000, based on 29 sales on this page.
What is the median sale PSF at Martin No 38?
The median sale price per square foot for Martin No 38 is $2,522 psf. The average sale PSF is $2,529 psf.
Is Martin No 38 freehold or leasehold?
Martin No 38 is listed as Freehold. Tenure is tied to the project and is most relevant when reviewing sale transactions.
Where is Martin No 38 located?
Martin No 38 is located at 38 Martin Road Martin No 38 Singapore 239059 in D09 / Orchard, Cairnhill, River Valley.
How current is the Martin No 38 transaction data?
The project page uses the latest records currently loaded on PropertySmartSG. Treat it as research evidence and check the latest transaction rows before using it for pricing.