Martin No 38

Martin No 38 is an apartment in District 9 (Orchard / River Valley), in the Core Central Region. In the 12 months to August 2026, the median price was S$2,586 psf from 6 sales.

At a glance

District: District 9 (Orchard / River Valley)
Region: Core Central Region
Type: Apartment
Tenure: Freehold
Completed: 2011, about 15 years old

What the prices say

The median home in Martin No 38 sold for S$2,719,000: the middle of 6 sales in the 12 months to August 2026.

That is noticeably above the middle condo project in District 9 (Orchard / River Valley), which sold at S$2,269 psf across 143 projects: about 14% higher. By price per square foot it ranks 16th of the 48 projects in the district that have a price to show, where 1st is the highest.

Year by year, the median was S$2,450 psf in 2021 (10 sales) and S$2,586 psf in 2026 so far (6 sales), up about 6%. The highest year in the record was 2025 at S$2,660 psf.

Higher floors sold for more here: floors 6 to 10 at S$2,678 psf against S$2,508 psf on floors 1 to 5, about 7% more per square foot (24 months).

By unit size (24 months): 900 to 1,199 sq ft at S$2,526 psf and 1,200 to 1,499 sq ft at S$2,682 psf. Larger homes cost more per square foot than smaller ones.

Against similar projects in the district

This project and the three others in District 9 (Orchard / River Valley) whose median over the last 12 months is closest to Martin No 38's S$2,586 psf. They are chosen by price per square foot, not by distance, so they may not be neighbours.

Their middle figure is S$2,572 psf, about the same as Martin No 38 (within 1%).

Projects in District 9 (Orchard / River Valley) closest in price to Martin No 38, 12 months to August 2026
Project	Median price per sq ft	Sales
Martin No 38	S$2,586 psf	6
The Metz	S$2,591 psf	5
Helios Residences	S$2,572 psf	5
The Vermont on Cairnhill	S$2,572 psf	10

What sells here

6 homes sold in the last 12 months, down from 9 in the 12 months before.

The most common size was 900 to 1,199 sq ft, with 10 of the 15 sales in the last 24 months, well over half.

None of the 15 sales in the last 24 months were first sales of new units: all 15 were resales.

The first new sale in our records was in July 2008.

Rents and yield

Rental contracts that began in the 12 months to August 2026 had a median rent of S$7,900 a month (33 contracts). The district's median across every contract was S$5,800, so rents here ran well above it: about 36% higher.

Over the 24 months the median rent was S$7,700 (57 contracts), about the same as the latest 12 months, within 3%.

By bedrooms: 1 bedroom S$6,800 (13) and 2 bedrooms S$8,400 (17). The figure in brackets is the number of contracts.

Setting rent against price for 900 to 1,199 sq ft homes (28 rentals and 5 resale or sub-sale transactions) gives a gross yield estimate of 3.8%: a median rent of S$7,750 a month against a median price of S$2,438,000. It is before maintenance, vacancy, tax and loan costs, and it uses middle values, so a particular home can differ.

Age and lease

27 other projects in District 9 (Orchard / River Valley) were completed within 5 years of Martin No 38 and have a price. Their middle price was S$2,376 psf, so Martin No 38 sold noticeably above projects of a similar age: about 9% higher.

The land is freehold: the title has no end date.

Leases and tenure in the glossary

What this page cannot tell you

A median is the middle of many different homes in Martin No 38. It does not describe one unit: its condition, facing, view, renovation, floor or stack can each move a price well away from the middle, and none of them is in the records behind this page.

The figures are recorded transactions, so they describe what has sold and not what is on the market now. They are not a valuation, and they say nothing about future prices.

Questions this page answers

What is the median price per square foot in Martin No 38?

S$2,586 psf in the 12 months to August 2026, from 6 sales. For the median home that is S$2,719,000.

How many homes sold in Martin No 38?

6 in the last 12 months and 15 in the last 24 months, across all sale types.

What do homes in Martin No 38 rent for?

The median rent for contracts that began in the 12 months to August 2026 was S$7,900 a month, from 33 contracts.

What is the rental yield in Martin No 38?

Between 3.8% and 3.8% gross, depending on unit size. It is an estimate before costs, made from the median recorded rent and the median resale or sub-sale price for each size range.

Is Martin No 38 freehold or leasehold?

Freehold: the title has no end date.

Figures from URA data, 12 months to August 2026. Rents to August 2026. General information, not financial advice.

The figures

Sale prices

Resale and new-sale prices for Martin No 38
Period	Median price per sq ft	Median price	Sales
Last 12 months	S$2,586 psf	S$2,719,000	6
Last 24 months	S$2,660 psf	S$3,110,000	15
Last 5 years	S$2,534 psf	S$2,850,000	31

Source: URA data. Data as of August 2026.

Price by year

Median price per sq ft by year for Martin No 38
Year	Median price per sq ft	Sales
2021	S$2,450 psf	10
2022	S$2,522 psf	5
2023	S$2,539 psf	5
2025	S$2,660 psf	7
2026 (to August)	S$2,586 psf	6

Each year is the median over the sales recorded in it. Source: URA data. Data as of August 2026.

Price by floor range

Median price per sq ft by floor range for Martin No 38, last 24 months
Floor range	Median price per sq ft	Sales
Floors 1 to 5	S$2,508 psf	5
Floors 6 to 10	S$2,678 psf	7

Price by unit size

Median price per sq ft by unit size for Martin No 38, last 24 months
Size	Median price per sq ft	Sales
900 to 1,199 sq ft	S$2,526 psf	10
1,200 to 1,499 sq ft	S$2,682 psf	5

The floor is the storey recorded in each sale. Source: URA data. Sales in the 24 months to August 2026. Data as of August 2026.

Rent against price for Martin No 38, by size

Rents

Rents for Martin No 38
Period	Median rent	Contracts
Last 12 months	S$7,900 a month	33
Last 24 months	S$7,700 a month	57

Rents for Martin No 38 by bedrooms
Bedrooms	Median rent, 12 months	Contracts	Median rent, 24 months
1 bedroom	S$6,800 a month	13	S$6,800 a month
2 bedrooms	S$8,400 a month	17	S$8,400 a month
3 bedrooms	Under 5 contracts	3	Under 5 contracts
4 or more bedrooms	Under 5 contracts	0	Under 5 contracts

Source: URA data, rental contracts. Rents are the median of the contracts that began in the period. Data as of August 2026.

Where to look next

What could a unit here sell for?

Condo Atlas can give an indicative value for a unit in Martin No 38, with a likely range and the recent sales behind it. Sign in is free.

Open Martin No 38 in Condo Atlas

Other condos in District 9 (Orchard / River Valley)

About the data

Figures are medians of transactions recorded by URA, over the periods shown, and a figure appears only when at least 5 records sit behind it. Sale figures: data as of August 2026. Rent figures: data as of August 2026. Swee Homes is not affiliated with URA or Condo Atlas. General information, not financial advice.