Martin No 38

Overview

Unit Info

Sales

Rental

Surrounding

More

Overview

Unit Info

Sales

Rental

Surrounding

More

  See All 3 Photos

Sale Price *

Average
S$ 2,473 psf
Range
S$ 2,433 - 2,508 psf

Rental Price **

Average
S$ 6.2 psf pm
Range
S$ 5.2 - 7.7 psf pm

Rental Yield **

3.0%

Rental income expressed as a percentage of the property's value.

Amenities

3.5
3.5

Convenience

3.7
3.7

Connectivity

Details

No Data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
4 Facilities Available
Covered car park
Covered car park
Gymnasium room
Gymnasium room
Lap pool
Lap pool
24 hours security
24 hours security
Description
Martin No 38 is a freehold apartment completed in 2011. It is developed by KIMMINGSTON PTE LTD and designed by KERRY HILL ARCHITECTS PTE LTD. The development occupies a land area of 3,807 sqm and a Gross Floor Area of 10,659 sqm. It consists of 88 units. According to records, buyers of this development are Singaporean 57.4%, PR 18.9%, Foreigner 18.9%, Company 4.9%.

MARTIN NO 38 is located along MARTIN ROAD in River Valley, in District 9. It is accessible through the nearest MRTs including Great World TE15 and Fort Canning DT20. The nearest schools are RIVER VALLEY PRIMARY SCHOOL and OUTRAM SECONDARY SCHOOL.

Based on transaction data in the last 12 months, sale prices range from S$ 2,433 psf to S$ 2,508 psf at an average of S$ 2,473 psf. Its highest recorded transaction was S$ 2,962 psf in May 2011 for a 1,485-sqft unit. Its lowest recorded transaction was S$ 1,858 psf in Sep 2009 for a 1,130-sqft unit. Its current rental yield is at 3.0%.

Other nearby amenities include: 3 Childcare Centre(s): CAMBRIDGE CDC @ TANGLIN PTE. LTD., ETONHOUSE PRE-SCHOOL PTE LTD, PRODIGY LA PETITE ACADEMY PTE. LTD., and 3 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD, SHENG SIONG SUPERMARKET PTE LTD, and 2 Kindergarten(s): Chinese Kindergarten, YWCA Kindergarten (Outram), and 3 Shopping Mall(s): ROBERTSON WALK, WATERFRONT PLAZA, UE SHOPPING MALL.

Buyers and tenants are attracted to District 9, which includes Orchard Road, River Valley and Cairnhill. This district is part of Singapore’s Central Business District and has become a must-visit spot for Singapore tourists. Spanning almost 2.2km, Orchard Road represents one of Singapore’s best retail, dining and entertainment boulevards, catering to any taste or budget and ranging from luxury brands to high street fashion. District 9 has a huge selection of exclusive cosmopolitan bistros and on the other end of the scale, a number of popular international fast food restaurants. Fronting Orchard Road, ION Orchard Mall is home to designer brands, as well as Sephora’s largest store in the area. Another major shopping mall in this district is Great World, which caters to locals, with a Cold Storage supermarket, Best Denki electrical store, and Golden Village Cinema. Cairnhill is home to the first freehold Ritz-Carlton property in Asia - the Ritz-Carlton Residence. This property sets a new standard of luxury living in Singapore as these homes feature magnificent finishings, excellent facilities and exemplary services from the legendary The Ritz-Carlton.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.
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Floor Plans
No Data
Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
No Data
Unit Mix
Bedroom Type
1BR
Area
969 - 1076 sqft
No. of Units
25
Bedroom Type
2BR
Area
1130 - 1335 sqft
No. of Units
48
Bedroom Type
3BR
Area
1485 - 4392 sqft
No. of Units
10
Bedroom Type
N.A
Area
N.A - N.A sqft
No. of Units
5

Sales Transaction of MARTIN NO 38 (Limited to 10)

Unit Search
#
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Date
Area(sqft)
Price(S$ psf)
Price (S$)
Type of Sale
Address
Type of Area
Purchaser Address
Source
No Data

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No Data
Rental Transactions of MARTIN NO 38
There are 300 more transactions. You could see them all with unit number if you are a Pro User. Click to learn more.

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source
No data

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
900 to 1000
6,007
7
2,400,000
1
3.0
1000 to 1100
5,800
1
-
-
-
1100 to 1200
7,722
9
2,750,000
1
3.4
1300 to 1400
8,633
3
-
-
-
>3000
15,000
1
-
-
-
Historical Quarterly Rental
Note: 25% of the tenant population paid below Rental 25th, 50% paid below the Median Rental and 75% paid below Rental 75th. Data are only available if there are more than 10 contracts signed in any quarter.

Graph Data

Table Data

PeriodRental 25th (S$ psf pm)Median Rental (S$ psf pm)Rental 75th (S$ psf pm)Contacts Signed
No Data
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Nearby Land Sales

Status
Street NameLocationLand AttributesEstimated Breakeven
Sold On JAN 2020
Irwell Bank Road
Site Use
Residential
Tenure
99
Plot Ratio
2.8
Site Area (sqm)
12,787
Site GFA (sqm)
35,803
Highest Bid ($M)
583.9
Highest Bid ($PSF)
1514.6
Number of BIDS
7
Land ($M)
583.9
Construction ($M)
127.2
Land Financing ($M)
51.1
Profesional / Legal / Taxes ($M)
85.3
Marketing / Others ($M)
50.8
Estimated Total Cost ($M)
898.33
Estimated Breakeven ($psf ppr)
2,331
Sold On FEB 2021
10A/B & 11 Institution Hills
Site Use
Residential
Tenure
999
Plot Ratio
2.8
Site Area (sqm)
1,329
Site GFA (sqm)
3,720
Highest Bid ($M)
56.6
Highest Bid ($PSF)
-
Number of BIDS
-
Land ($M)
56.6
Construction ($M)
13.2
Land Financing ($M)
5
Profesional / Legal / Taxes ($M)
8.4
Marketing / Others ($M)
5
Estimated Total Cost ($M)
88.13
Estimated Breakeven ($psf ppr)
2,201

Listings

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thumb-images
11
$3,250,000
  • 52% Rental Volume

  • 2 beds
  • 2 baths
  • D9
  • 2011
  • Freehold
  • S$ 2,880 psf
  • 38 Martin Road
Adelyn Chan
send_enquiry
thumb-images
11
$3,100,000
  • 52% Rental Volume

  • 2 beds
  • 2 baths
  • D9
  • 2011
  • Freehold
  • S$ 2,740 psf
  • 38 Martin Road
Ella Chang
send_enquiry
thumb-images
16
$3,288,000
  • 52% Rental Volume

  • 2 beds
  • 2 baths
  • Condominium
  • D9
  • 2011
  • Freehold
  • S$ 2,910 psf
  • 1,130 sqft
  • Martin Road
Adelyn Chan
send_enquiry
thumb-images
16
$3,288,000
  • 52% Rental Volume

  • 2 beds
  • 2 baths
  • Condominium
  • D9
  • 2011
  • Freehold
  • S$ 2,910 psf
  • 1,130 sqft
  • Martin Road
Nora Seah
send_enquiry
thumb-images
11
$7,800,000
  • 52% Rental Volume

  • 3 beds
  • 4 baths
  • Apartment
  • D9
  • 2011
  • Freehold
  • S$ 2,130 psf
  • 3,660 sqft
  • Martin Road
Eric Tay
send_enquiry
thumb-images
4
$3,200,000
  • 52% Rental Volume

  • 2 beds
  • 2 baths
  • D9
  • 2011
  • Freehold
  • S$ 2,830 psf
  • 38 Martin Road
David Foo
send_enquiry
thumb-images
11
$4,300,000
  • 52% Rental Volume

  • 3 beds
  • 3 baths
  • Apartment
  • D9
  • 2011
  • Freehold
  • S$ 2,890 psf
  • 38 Martin Road
Sarah Hiew
send_enquiry

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