CARPMAEL THIRTY-EIGHT
UrbanLens Analysis
CARPMAEL THIRTY-EIGHT commands $1,834 PSF -- 9% above what District 15 typically fetches ($1,689 PSF). Paya Lebar MRT is 771m away (10-min walk), functional but not a headline selling point. Against MEYER BLUE at $3,205 PSF, the 43% discount is worth examining closely.
The +4.0% two-year price movement is negligible -- neither bullish nor bearish. Just 2 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, TEMBUSU GRAND has lost 1.7% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At just 16 units, this is an intimate development. Expect low common fees but limited resale volume -- patience is required on exit.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
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