Meridian 38 rent and sale price
D15 / Katong, Joo Chiat, Amber Road
Address 38 Lorong M Telok Kurau Meridian 38 Singapore 425317
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Apartment, Non-Landed Properties 21 transactions Freehold Latest records Jun 2026
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Project read
Quick summary about Meridian 38
Meridian 38 is a freehold apartment in D15 / Katong, Joo Chiat, Amber Road. The page currently tracks 16 rentals and 5 sales.
- Typical rent is $3,100 per month, with bedroom and floor-area splits below for a closer unit-level view.
- Typical sale price is $1,675,000, with median sale PSF at $1,438 psf and total recorded sale value of $7.5M.
- Rent is down 2.5% over the last 3 months. Sale PSF is up 13.7% over the last 3 months.
Meridian 38 Market Position
How this project compares with the wider D15 market before you read the detailed tables.
Rent vs D15 -29.5%
Rents below district median
Meridian 38's median rent is $3,100 compared with the D15 median of $4,400. Use this as the district-level check before narrowing by bedroom and area band.
Sale PSF vs D15 -33.9%
Sale PSF below district median
Meridian 38's median sale PSF is $1,438 psf versus the D15 median of $2,176 psf. A premium should be explained by tenure, condition, floor, view or scarcity.
Rent support 2.22%
Rent support near district screen
Gross yield is roughly 2.22% versus a D15 screen of 2.36%. Treat this as a first-pass rent support signal before costs, vacancy and financing.
Rent stability 109.4% 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
8 recent transactions versus 6 in the prior 6-month view.
Tenure lens Freehold
Freehold comparison needed
Freehold matters most on sale price. Compare Meridian 38 against nearby projects with similar tenure before treating a PSF gap as cheap or expensive.
Meridian 38 Decision Snapshot
Fast checks for rent fairness, purchase pricing, stable rent and transaction activity before you dig into the tables.
Median rent $3,100
Is the asking rent fair?
$2,950 to $3,250 is the first fair-rent band to check. Above $3,250 should have a visible reason.
Median sale PSF $1,438 psf
Is the purchase price fair?
$1,620,000 to $1,730,000 and $1,390 to $1,480 psf are the first sale checks before adjusting for floor, size, view and condition.
3 bed rent $3,200
Are similar units renting for more?
3 bed and 1,100 to 1,200 sqft give the closest unit-size checks.
Rent stability 109.4% 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. 8 recent transactions versus 6 in the prior 6-month view.
Run Meridian 38 numbers
Use the typical rent and sale price from this project page as a starting point, then adjust the calculator assumptions.
Rental yield $3,100/mo Test gross and net yield against typical rent. Buy vs rent $1.7M Compare ownership cost against renting. Mortgage $1.7M Estimate monthly payment from the sale price. Stamp duty $1,438 psf Estimate buyer stamp duty before offer math. Purchase timeline Offer steps Map the option fee, exercise date, stamp duty and completion.
Meridian 38 Project Facts
Project-level details from URA records and local enrichment.
Tenure Freehold
Property type Apartment, Non-Landed Properties
Sales 5 resale transactions
Total sold value $7.5M
Meridian 38 Data Coverage
Use this to judge whether the project has enough rent, sale and recent transaction depth for a confident comparison.
Rentals 16 Oct 2021 to May 2026
Sale transactions 5 Jun 2021 to May 2026
Rent trend -2.5% Last 3 months
Sale PSF trend 13.7% Last 3 months
Meridian 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
MARINE TERRACE MRT STATION (TE27) 0.62 km away
MARINE PARADE MRT STATION (TE26) 1.08 km away
KEMBANGAN MRT STATION (EW6) 1.22 km away
Schools nearby
NGEE ANN PRIMARY SCHOOL 0.91 km away
BRIGHTON MONTESSORI INTERNATIONAL PRE-SCHOOL @ FRANKEL 1.07 km away
EIS INTERNATIONAL PRE-SCHOOL (BRANCH 1) 1.31 km away
TANJONG KATONG PRIMARY SCHOOL 1.31 km away
Amenities
51 OLD AIRPORT ROAD FOOD CENTRE AND SHOPPING MALL Mall / retail · 2.79 km away
SHENG SIONG HOUGANG RIVERCOURT Daily needs · 6.14 km away
SIGLAP PARK CONNECTOR Park / green link · 0.74 km away
MARKET & HAWKER CENTRE (BLK 50A MARINE TERRACE) Food centre · 0.74 km away
Meridian 38 Rent and Sale PSF Trends
Recent rent, sale PSF and contract activity for this project.
Latest median rent $5,500 16 rentals in view
Latest median sale PSF $1,587 psf 5 sales in view
Month Rent contracts Median rent Sale transactions Median sale PSF Median sale
May 2026 1 $5,500 1 $1,587 psf $1,828,000
Apr 2026 1 $2,500 0 - -
Feb 2026 1 $3,900 0 - -
Jan 2026 1 $3,000 1 $1,606 psf $1,850,000
Nov 2025 1 $4,000 0 - -
Oct 2025 0 - 1 $1,414 psf $1,050,000
Jul 2025 1 $4,800 0 - -
Oct 2024 1 $2,300 0 - -
Jul 2024 1 $3,200 0 - -
May 2024 1 $5,400 0 - -
Oct 2023 1 $2,200 0 - -
Sept 2023 1 $3,200 0 - -
Projects Similar to Meridian 38
Same district, ranked by similar rent, sale PSF and transaction depth.
99-year leasehold from 2012 The Red House 1.0 km away 111 transactions
- Median rent
- $3,000
- Median sale PSF
- $1,475 psf
- Median rent
- $2,700
- Median sale PSF
- $1,495 psf
- Median rent
- $3,050
- Median sale PSF
- $1,520 psf
- Median rent
- $3,200
- Median sale PSF
- $1,659 psf
- Median rent
- $3,050
- Median sale PSF
- $1,466 psf
- Median rent
- $3,350
- Median sale PSF
- $1,375 psf
Meridian 38 Rent by Bedrooms
Monthly rent by recorded bedroom count.
Bedrooms Median rent Average rent Transactions
2 bed $2,250 $2,517 6
3 bed $3,200 $3,186 7
4 bed $5,400 $5,133 3
Meridian 38 Rent by Size
Monthly rent by recorded URA floor area band.
Area band Median rent Average rent Transactions
700 to 800 sqft $2,200 $2,240 5
800 to 900 sqft $3,900 $3,900 1
1,100 to 1,200 sqft $3,200 $3,186 7
2,000 to 2,100 sqft $5,400 $5,133 3
Meridian 38 Sale PSF by Floor
Median sale price and PSF by recorded floor band.
Floor band Median sale Median PSF Transactions
01 to 05 $1,675,000 $1,438 psf 5
Meridian 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
Meridian 38 shows a typical monthly rent of $3,100 across 16 rentals. Use that as the first anchor, then check the bedroom and floor-area bands before accepting an asking rent.
Median rent $3,100
Rentals 16
Rent signal Moderate
- 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 Meridian 38 point to a typical sale price of $1,675,000 and $1,438 psf. Treat those as the first comparable range, then adjust for floor, size, condition and tenure.
Median sale $1,675,000
Median PSF $1,438 psf
Sale signal Thin
- 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. Meridian 38 has 5 sales on this page, so pricing should be checked against actual recent contracts before listing.
Sale signal Thin
Total sold value $7.5M
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 D15 to compare Meridian 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.
Meridian 38 FAQ
Quick answers for renters, buyers and owners comparing this project.
What is the typical rent at Meridian 38?
Meridian 38 has a median monthly rent of $3,100 across 16 rentals.
What is the typical sale price at Meridian 38?
The median sale price for Meridian 38 is $1,675,000, based on 5 sales on this page.
What is the median sale PSF at Meridian 38?
The median sale price per square foot for Meridian 38 is $1,438 psf. The average sale PSF is $1,480 psf.
Is Meridian 38 freehold or leasehold?
Meridian 38 is listed as Freehold. Tenure is tied to the project and is most relevant when reviewing sale transactions.
Where is Meridian 38 located?
Meridian 38 is located at 38 Lorong M Telok Kurau Meridian 38 Singapore 425317 in D15 / Katong, Joo Chiat, Amber Road.
How current is the Meridian 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.