Rent vs D09 +36.2%
Rents above district median
Martin No 38's latest 12-month median rent is $7,900 compared with the D09 median of $5,800 for the same period. Use this district check before narrowing by bedroom and area band.
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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Quick summary about Martin No 38
Martin No 38 is a freehold apartment in D09 / Orchard, Cairnhill, River Valley. The page currently tracks 156 rentals and 32 sales.
- Latest 12M median rent is $7,900 per month from 29 rentals. The bedroom and floor-area tables below show the full loaded history.
- Latest 12M median sale price is $2,719,000, with median sale PSF at $2,586 psf from 6 sales.
- Rent is down 3.7% over the last 3 months. Sale PSF is down 5.7% over the last 3 months.
Martin No 38 Market Brief
Compare the project with D09 across rent, sale PSF, tenure and transaction activity.
Compared with D09
Sale PSF vs D09 -11.0%
Sale PSF near district median
Martin No 38's latest 12-month median sale PSF is $2,586 psf versus the D09 median of $2,904 psf for the same period. A premium should be explained by tenure, condition, floor, view or scarcity.
Rent support 3.49%
Rent support above district screen
Gross yield is roughly 3.49% versus a D09 screen of 2.67%. Treat this as a first-pass rent support signal before costs, vacancy and financing.
Rent stability 37.7% 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.
Before you decide
Latest 12M median rent $7,900
Is the asking rent fair?
$7,500 to $8,300 is the first fair-rent band to check. Above $8,300 should have a visible reason.
Latest 12M median sale PSF $2,586 psf
Is the purchase price fair?
$2,640,000 to $2,800,000 and $2,510 to $2,660 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 37.7% 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.
Martin No 38 Project Facts
Project-level details from URA records and local enrichment.
Tenure Freehold
Property type Apartment, Non-Landed Properties
Sales 32 resale transactions
Total sold value $108.0M
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 156 Jun 2021 to Jun 2026
Sale transactions 32 Jun 2021 to Jul 2026
Rent trend -3.7% Last 3 months
Sale PSF trend -5.7% 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 $7,900 39 rentals in view
Latest median sale PSF $2,695 psf 13 sales in view
Month Rent contracts Median rent Sale transactions Median sale PSF Median sale
Jul 2026 0 - 2 $2,695 psf $3,325,000
Jun 2026 1 $7,900 1 $2,496 psf $2,418,000
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 - -
Projects Similar to Martin No 38
Same district, ranked by similar rent, sale PSF and transaction depth.
Freehold The Imperial 0.6 km away 319 transactions
- Median rent
- $8,000
- Median sale PSF
- $2,392 psf
- Median rent
- $7,225
- Median sale PSF
- $2,238 psf
- Median rent
- $7,100
- Median sale PSF
- $2,730 psf
- Median rent
- $7,500
- Median sale PSF
- $2,492 psf
- Median rent
- $8,000
- Median sale PSF
- $2,555 psf
- Median rent
- $6,700
- Median sale PSF
- $2,309 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 $8,219 86
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 $7,954 70
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 $2,434,000 $2,502 psf 10
06 to 10 $2,850,000 $2,539 psf 15
11 to 15 $4,200,000 $2,654 psf 7
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 latest 12-month median monthly rent of $7,900 across 29 rentals. Use that as the first anchor, then check the bedroom and floor-area bands before accepting an asking rent.
Latest 12M median rent $7,900
Rentals in period 29
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
Latest 12M sales at Martin No 38 show a median price of $2,719,000 and $2,586 psf. Treat those as the first comparable range, then adjust for floor, size, condition and tenure.
Latest 12M median sale $2,719,000
Latest 12M median PSF $2,586 psf
Sale signal Strong
- 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 32 sales on this page, so pricing should be checked against actual recent contracts before listing.
Sale signal Strong
Total sold value $108.0M
Latest record Jul 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.
Run Martin No 38 numbers
Start with the project benchmarks, then adjust the calculator assumptions for the unit you are considering.
Rental yield $7,900/mo Test gross and net yield against typical rent. Buy vs rent $2.7M Compare ownership cost against renting. Mortgage $2.7M Estimate monthly payment from the sale price. Stamp duty $2,586 psf Estimate buyer stamp duty before offer math. Purchase timeline Offer steps Map the option fee, exercise date, stamp duty and completion.
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 latest 12-month median monthly rent of $7,900 across 29 rentals in that period.
What is the typical sale price at Martin No 38?
The latest 12-month median sale price for Martin No 38 is $2,719,000, based on 6 sales in that period.
What is the median sale PSF at Martin No 38?
The latest 12-month median sale price per square foot for Martin No 38 is $2,586 psf. The average for the same period is $2,609 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.