Rent vs D08 +13.0%
Rents above district median
Race Course 138's latest 12-month median rent is $4,575 compared with the D08 median of $4,050 for the same period. Use this district check before narrowing by bedroom and area band.
Race Course 138 rent and sale price
D08 / Little India
Address 138 Race Course Road Race Course 138 Singapore 218591
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Quick summary about Race Course 138
Race Course 138 is a freehold apartment in D08 / Little India. The page currently tracks 47 rentals and 10 sales.
- Latest 12M median rent is $4,575 per month from 12 rentals. The bedroom and floor-area tables below show the full loaded history.
- Latest 12M median sale price is $1,250,000, with median sale PSF at $1,075 psf from 2 sales.
- Rent is down 4.4% over the last 3 months. Sale PSF is down 7.8% over the last 3 months.
Race Course 138 Market Brief
Compare the project with D08 across rent, sale PSF, tenure and transaction activity.
Compared with D08
Sale PSF vs D08 -42.7%
Sale PSF below district median
Race Course 138's latest 12-month median sale PSF is $1,075 psf versus the D08 median of $1,876 psf for the same period. A premium should be explained by tenure, condition, floor, view or scarcity.
Rent support 4.39%
Rent support above district screen
Gross yield is roughly 4.39% versus a D08 screen of 2.86%. Treat this as a first-pass rent support signal before costs, vacancy and financing.
Rent stability 90.2% spread
Rent is uneven
Recent median rents vary a lot, usually because unit mix differs month to month.
Market activity +100.0%
Activity is rising
14 recent transactions versus 7 in the prior 6-month view.
Tenure lens Freehold
Freehold comparison needed
Freehold matters most on sale price. Compare Race Course 138 against nearby projects with similar tenure before treating a PSF gap as cheap or expensive.
Before you decide
Latest 12M median rent $4,575
Is the asking rent fair?
$4,350 to $4,800 is the first fair-rent band to check. Above $4,800 should have a visible reason.
Latest 12M median sale PSF $1,075 psf
Is the purchase price fair?
$1,210,000 to $1,290,000 and $1,040 to $1,110 psf are the first sale checks before adjusting for floor, size, view and condition.
3 bed rent $4,000
Are similar units renting for more?
3 bed and 1,100 to 1,200 sqft give the closest unit-size checks.
Rent stability 90.2% spread
Is rent stable here?
Rent is uneven. Recent median rents vary a lot, usually because unit mix differs month to month.
Transaction volume +100.0%
Is activity rising?
Activity is rising. 14 recent transactions versus 7 in the prior 6-month view.
Race Course 138 Project Facts
Project-level details from URA records and local enrichment.
Tenure Freehold
Property type Apartment, Non-Landed Properties
Sales 10 resale transactions
Total sold value $12.1M
Race Course 138 Data Coverage
Use this to judge whether the project has enough rent, sale and recent transaction depth for a confident comparison.
Rentals 47 Jun 2021 to Jun 2026
Sale transactions 10 Aug 2022 to Mar 2026
Rent trend -4.4% Last 3 months
Sale PSF trend -7.8% Last 3 months
Race Course 138 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
FARRER PARK MRT STATION (NE8) 0.27 km away
LITTLE INDIA MRT STATION 0.4 km away
LITTLE INDIA MRT STATION (NE7) 0.45 km away
Schools nearby
FARRER PARK PRIMARY SCHOOL 0.33 km away
ST. MARGARET'S SCHOOL (PRIMARY) 0.96 km away
CHATSWORTH INTERNATIONAL SCHOOL (ORCHARD CAMPUS) 1.74 km away
BENDEMEER SECONDARY SCHOOL 1.91 km away
Amenities
PARKLANE SHOPPING MALL Mall / retail · 1.07 km away
FAIRPRICE FINEST THE CENTREPOINT Daily needs · 1.67 km away
WHAMPOA PARK CONNECTOR Park / green link · 1.86 km away
ENVIRONMENT BUILDING HAWKER CENTRE Food centre · 1.76 km away
Race Course 138 Rent and Sale PSF Trends
Recent rent, sale PSF and contract activity for this project.
Latest median rent $7,000 21 rentals in view
Latest median sale PSF $1,052 psf 6 sales in view
Month Rent contracts Median rent Sale transactions Median sale PSF Median sale
Jun 2026 1 $7,000 0 - -
Mar 2026 1 $4,500 1 $1,052 psf $1,200,000
Jan 2026 4 $4,925 0 - -
Dec 2025 0 - 1 $1,098 psf $1,300,000
Sept 2025 3 $5,200 0 - -
Jul 2025 3 $3,100 0 - -
Jun 2025 1 $5,150 0 - -
May 2025 0 - 1 $1,040 psf $1,500,008
Mar 2025 0 - 2 $1,142 psf $1,467,500
Feb 2025 1 $2,750 0 - -
Jan 2025 1 $5,200 0 - -
Nov 2024 1 $4,500 0 - -
Projects Similar to Race Course 138
Same district, ranked by similar rent, sale PSF and transaction depth.
99-year leasehold from 1995 Kentish Green 0.6 km away 167 transactions
- Median rent
- $4,000
- Median sale PSF
- $1,263 psf
- Median rent
- $4,000
- Median sale PSF
- $1,041 psf
- Median rent
- $3,800
- Median sale PSF
- $1,215 psf
- Median rent
- $4,000
- Median sale PSF
- $1,217 psf
- Median rent
- $3,000
- Median sale PSF
- $1,383 psf
- Median rent
- $4,167
- Median sale PSF
- $1,119 psf
Race Course 138 Rent by Bedrooms
Monthly rent by recorded bedroom count.
Bedrooms Median rent Average rent Transactions
1 bed $2,625 $2,617 18
2 bed $3,000 $3,133 3
3 bed $4,000 $4,213 24
4 bed $6,600 $6,600 2
Race Course 138 Rent by Size
Monthly rent by recorded URA floor area band.
Area band Median rent Average rent Transactions
400 to 500 sqft $2,500 $2,538 13
500 to 600 sqft $2,200 $2,200 1
600 to 700 sqft $3,100 $2,975 4
900 to 1,000 sqft $3,000 $3,133 3
1,100 to 1,200 sqft $4,250 $4,239 14
1,400 to 1,500 sqft $3,750 $4,175 10
1,600 to 1,700 sqft $6,600 $6,600 2
Race Course 138 Sale PSF by Floor
Median sale price and PSF by recorded floor band.
Floor band Median sale Median PSF Transactions
01 to 05 $1,250,000 $1,101 psf 8
06 to 10 $1,192,500 $1,307 psf 2
Race Course 138 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
Race Course 138 shows a latest 12-month median monthly rent of $4,575 across 12 rentals. Use that as the first anchor, then check the bedroom and floor-area bands before accepting an asking rent.
Latest 12M median rent $4,575
Rentals in period 12
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
Latest 12M sales at Race Course 138 show a median price of $1,250,000 and $1,075 psf. Treat those as the first comparable range, then adjust for floor, size, condition and tenure.
Latest 12M median sale $1,250,000
Latest 12M median PSF $1,075 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. Race Course 138 has 10 sales on this page, so pricing should be checked against actual recent contracts before listing.
Sale signal Moderate
Total sold value $12.1M
Latest record Jun 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 Race Course 138 numbers
Start with the project benchmarks, then adjust the calculator assumptions for the unit you are considering.
Rental yield $4,575/mo Test gross and net yield against typical rent. Buy vs rent $1.3M Compare ownership cost against renting. Mortgage $1.3M Estimate monthly payment from the sale price. Stamp duty $1,075 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 D08 to compare Race Course 138 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.
Race Course 138 FAQ
Quick answers for renters, buyers and owners comparing this project.
What is the typical rent at Race Course 138?
Race Course 138 has a latest 12-month median monthly rent of $4,575 across 12 rentals in that period.
What is the typical sale price at Race Course 138?
The latest 12-month median sale price for Race Course 138 is $1,250,000, based on 2 sales in that period.
What is the median sale PSF at Race Course 138?
The latest 12-month median sale price per square foot for Race Course 138 is $1,075 psf. The average for the same period is $1,075 psf.
Is Race Course 138 freehold or leasehold?
Race Course 138 is listed as Freehold. Tenure is tied to the project and is most relevant when reviewing sale transactions.
Where is Race Course 138 located?
Race Course 138 is located at 138 Race Course Road Race Course 138 Singapore 218591 in D08 / Little India.
How current is the Race Course 138 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.