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Singapore Property News, Insights and Analysis

Completed 2011

Martin No 38

D09 · Orchard / River Valley · 38 Martin Road

A 91-unit freehold apartment in D09, completed in 2011. Developed by Sc Global Developments Ltd.

Source: Condo master (URA caveats); URA transactions, Nov 2026

Freehold
Tenure
$2,661
Avg $psf, 12 months
8
Sales, 12 months
2011
Completed

What brings you to Martin No 38?

Buying here? Get a second opinion. The median sale price here over the last 12 months was $3.038M, across 8 sales. Our consultants can run the numbers against your budget: which stack, what to pay, what to avoid. Free for buyers of private property.

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Get a second opinion
02 — Prices

Martin No 38 prices

Last 12 months
8
Sales
$2,661
Average $psf
$2,488 – $2,915
$psf range
$2.41M – $4.33M
Price range
By unit size
Last 12 months
SizeSalesAvg $psfAvg pricePrice range
900–1,099 sq ft3 sales$2,500 psfAvg $2.42M$2.41M – $2.44M
1,100–1,299 sq ft3 sales$2,712 psfAvg $3.07M$3M – $3.12M
1,300–1,599 sq ft2 sales$2,825 psfAvg $3.99M$3.65M – $4.33M
Average $psf by year
In 2025, sales here averaged $2,613 psf, 5% below the D09 average of $2,748 psf for private homes (condos, apartments and ECs).
This condoD09 average
Show as a table
YearThis condoD09 average
2026$2,661$2,803
2025$2,613$2,748
2024$2,608$2,410
2023$2,406$2,567
2022$2,524$2,490
2021$2,438$2,450
2020$2,351$2,254
2019$2,596$2,358
2018$2,524$2,424
2017$2,406$2,064
2016$2,175$2,177
2015$2,581$1,930
Sales by year
144 sales since 2008; the busiest year was 2008 with 27. The 2026 bar covers Jan–Nov.
New saleSub saleResale
Show as a table
YearNew saleSub saleResaleTotal
20260088
20250077
20240044
20230055
20220055
2021001010
20200022
20190044
2018001515
20170066
20160033
20150011
20140044
20137209
20122204
20118109
2010151016
20094105
2008270027
Sales in the last two years
16 sales, newest first. Units show the floor only.
DateUnitSizePrice$psfType
15 Oct 2026#11-XX1,485 sq ft$4.33M$2,915 psfResale
29 Jul 2026#11-XX1,130 sq ft$3M$2,654 psfResale
14 Jul 2026#12-XX1,130 sq ft$3.08M$2,721 psfResale
7 Jul 2026#06-XX1,335 sq ft$3.65M$2,735 psfResale
25 Jun 2026#04-XX969 sq ft$2.42M$2,496 psfResale
22 May 2026#02-XX969 sq ft$2.44M$2,517 psfResale
6 Feb 2026#07-XX1,130 sq ft$3.12M$2,761 psfResale
23 Jan 2026#02-XX969 sq ft$2.41M$2,488 psfResale
20 Jun 2025#06-XX1,335 sq ft$3.55M$2,660 psfResale
6 Jun 2025#07-XX1,335 sq ft$3.58M$2,678 psfResale
Show all 16 sales
Compared with nearby condos

Prices by bedroom type are based on matching sales to unit sizes.

Source: URA caveats, Nov 2026. The 2026 averages cover Jan–Nov.

03 — Rent

Martin No 38 rent

Leases starting Sep 2025–Aug 2026
33
Leases
$7,900
Median rent a month
$3.06M
Avg sale price, 12 months
3.1%
Est. gross yield

D09 median rent: $5,800 a month; est. gross yield 2.3%.

By bedroom type
TypeLeasesMedian rentMiddle halfD09 median
1-Bedroom13 leases$6,800 median$6,525 – $7,000D09 $4,000
2-Bedroom17 leases$8,400 median$7,950 – $8,550D09 $5,400
3-Bedroom3 leases$9,300 median$9,250 – $11,120D09 $8,000
Rent and yield compared with nearby condos

Estimated gross yield: a year of median rent (leases starting Sep 2025–Aug 2026) over the average sale price of the last 12 months, before costs. No yield is shown with fewer than 3 sales in the year. Rents and sale prices both cover roughly the last 12 months, so read the yield as a guide to that year rather than an exact figure. A higher yield often reflects a lower price, such as an older lease, rather than a better buy.

Source: URA rental contracts, Aug 2026

04 — Location

Near Martin No 38

MRT stations
DT Fort Canning 1.0 km · 12 min walk
TE Great World 1.0 km · 12 min walk
TE Havelock 1.2 km · 14 min walk
NS Somerset 1.2 km · 14 min walk

Walking times and distances are estimates from OneMap walking routes; a station without a walking time shows the straight-line distance. Check OneMap for your exact route.

Primary schools
Within 1 km
River Valley Primary School 320 m · 4 min walk
Within 2 km
Alexandra Primary School 1.5 km · 24 min walk
St. Margaret's School (Primary)Popular 1.6 km · 36 min walk
Zhangde Primary School 1.6 km · 28 min walk
Cantonment Primary School 1.9 km · 31 min walk
Anglo-Chinese School (Junior)Popular 1.9 km · 35 min walk

Distances are straight-line, which is what the 1 km and 2 km bands refer to; walking times are estimates from OneMap walking routes. Check the MOE website for confirmation.

Everyday amenities
Park Kim Seng Park 600 m · 7 min
Clinic DTAP @ Robertson 530 m · 6 min
Supermarket Cold Storage / Giant 680 m · 8 min
Hawker centre Kukoh 21 Food Centre 670 m · 8 min
Map of the area around Martin No 38, with nearby MRT stations and primary schools
Map data © OpenStreetMap contributors

Source: OneMap walking routes, Nov 2026

05 — Nearby

Condos and supply around Martin No 38

Upcoming supply
Morrison Lane170 m · about 205 units · 0.66 ha Available for application
River Valley Green (Parcel C)380 m · about 447 units · 1.15 ha Awarded · $18,622 psm GFA · Jun 2026
River Valley Green (Parcel B)380 m · about 456 units · 1.17 ha Awarded · $15,285 psm GFA · Feb 2025
River Valley Green (Parcel A)380 m · about 361 units · 0.93 ha Awarded · $14,265 psm GFA · Jun 2024

Source: URA transactions; URA land sales; OneMap distances, Nov 2026

06 — From Stacked

Read more about Martin No 38

7 more articles mention Martin No 38.

Source: Stacked Homes editorial

07 — FAQ

Questions about Martin No 38

Is Martin No 38 freehold?

Yes. Martin No 38 is a freehold apartment.

When was Martin No 38 completed?

2011.

How many units does Martin No 38 have?

91 units.

What is the price psf at Martin No 38?

8 sales in the last 12 months averaged $2,661 psf, ranging from $2,488 to $2,915 psf.

What did the latest sale go for?

A 1,485 sq ft unit sold for $4.33M ($2,915 psf) on 15 Oct 2026.

How much is the rent at Martin No 38?

Leases starting Sep 2025–Aug 2026 had a median rent of $7,900 a month ($6,800 for a 1-bedroom, $8,400 for a 2-bedroom and $9,300 for a 3-bedroom). That is an estimated gross yield of about 3.1%, before costs.

What is the nearest MRT station?

Fort Canning (DT), a 12-minute walk (1.0 km). Great World (TE) is 1.0 km away.

Which primary schools are within 1 km?

River Valley Primary School, 320 m away.

Who developed Martin No 38?

Sc Global Developments Ltd.

Answers generated from the data on this page, Nov 2026