District 15 · Geylang · RCR
Carpmael Thirty-Eight
Carpmael Road · Apartment · Freehold
Current PSF
$1,811
+3.6% vs district median
Gross yield
3.4%
median rent $6,500/mo
3-year gain
0.0%
Transactions · 5y
3
1 in last 12 months
Nearest MRT
Paya Lebar Mrt Station · 779.466m
CCL,EWL
Future MRT
Defu Mrt Station
CRL · 2030
Vs local HDB
+191% premium
HDB median $622 psf
Area income
$7,500/mo median
residential zone
En-bloc potential31 / 100
· composite of plot use, age, tenure, value gap & size
Tenanted
100%
units with active leases
Rent momentum
-
latest 2 qtrs vs year ago
Sub-sales
0.0%
flip ratio, last 24 months
Price spread
2%
PSF dispersion within project
The neighbourhood
P1 ring
Haig Girls' School 583m · Phase 2C 0.8× · Tanjong Katong Primary School 936m · Phase 2C 1.6× balloted · Afterschool @ Tanjong Katong Primary School 936m - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Secondary
Tanjong Katong Secondary School · 493m
Food
Haig Road Blk 13/14 (Haig Road Market And Cooked Food Centre) · 328m - 3 hawker centres within 1km
Green
Carpmael Park · 225m - 10 parks within 1km
Mall
Plq Mall · 737m
Health
Singhealth Polyclinics (Eunos Polyclinic) (polyclinic) · 993m
Who lives in Geylang
Census of Population 2020 · planning-area aggregates · SingStat via data.gov.sg
Residents
110,110
Median age
45 yrs
43% under 40 · getting older
Children 0–9
8,230
▼ 16% since 2015 · future P1 demand
Household size
2.9 avg
Homes
75% HDB
18% condo · 6% landed
Degree holders
30%
residents 15+
Commute
61% transit
17% drive
45 min+ to work
19%
Price trend average PSF by year
2022
$1,764
2024
$1,858
+5.3%
2025
$1,811
-2.5%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 3BR | $5,200/mo | $4.95 | 3.3% | 8 |
Recent transactions URA, latest 3
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| Dec 2025 | $2,300,000 | 1,270 | $1,811 | 01-05 |
| Oct 2024 | $2,180,000 | 1,173 | $1,858 | 01-05 |
| Apr 2022 | $2,222,000 | 1,259 | $1,764 | 01-05 |
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More in District 15
The HDB blocks next door
The entry point, measured: what the resale flats around Carpmael Thirty-Eight actually sell for - this project trades at 2.9× the nearest block’s PSF.