Carpmael Thirty-eight Price Trends: Key Insights for 2026 Buyers
Carpmael Thirty-eight on Carpmael Road in District 15 shows stable price trends with recent resale transactions at S$1,811 to S$1,858 psf as of late 2025, reflecting a modest upward trajectory from 2020 lows of S$1,510 psf.
This freehold condominium's average sale price per square foot (PSF) has hovered around S$1,800-S$1,900 in recent years, supported by strong District 15 demand.
At Homejourney, we verify all transaction data to ensure you get transparent, trustworthy insights for confident property investment decisions in the East Coast area.
This cluster article on Carpmael Thirty-eight Price Trends and Market Analysis builds on our main pillar content, Carpmael Thirty-eight District 15: Ultimate Buyer Guide | Homejourney Carpmael Thirty-eight District 15: Ultimate Buyer Guide | Homejourney , providing tactical pricing data and evaluation steps.
Current Pricing Overview (2026 Data)
As of early 2026, resale units at Carpmael Thirty-eight range from S$2.18M to S$2.30M for typical 3-bedroom configurations around 1,173 sqft, equating to S$1,811-S$1,874 psf.
These figures come from URA-recorded transactions, with the most recent in December 2025 at S$2.30M (S$1,811 psf) and October 2024 at S$2.18M (S$1,858 psf).
Rental prices for similar units stand at S$3,200-S$5,400 monthly, yielding approximately 3.1% based on current market data.
Browse available units at Carpmael Thirty-eight via Homejourney's property search for verified listings.
Price Breakdown by Unit Size
- 3-Bedroom (1,173 sqft): S$1.51M-S$2.18M (S$1,510-S$1,858 psf), peak in Oct 2024.
- Larger Units (1,200+ sqft): Up to S$2.22M historically (S$1,764 psf in 2018).
- Rentals: S$3,600 (2020) to S$5,200 (Jan 2025) for premium units.
Disclaimer: Prices fluctuate; always check Homejourney's detailed project analysis of Carpmael Thirty-eight for the latest URA-verified data.
Historical Price Trends: 2018-2026
Carpmael Thirty-eight, a boutique freehold condo with 16 units completed in 2020 by LWH Carpmael Pte Ltd, saw initial resales in 2018 at S$1.22M-S$2.22M (S$1,696-S$1,764 psf).
Prices dipped to S$1.51M-S$1.79M (S$1,510-S$1,524 psf) in 2019-2020 amid market caution, then recovered steadily.
By 2024-2025, transactions reflect 20-25% PSF growth from pandemic lows, driven by D15's East Coast appeal and limited freehold supply.
Compare trends via Homejourney's projects directory.
Yearly PSF Averages
| Year | Avg PSF | Key Transaction |
|---|---|---|
| 2018 | S$1,696-S$1,764 | S$2.22M (Jan) |
| 2020 | S$1,510 | S$1.77M (Jan) |
| 2024 | S$1,858 | S$2.18M (Oct) |
| 2025 | S$1,811 | S$2.30M (Dec) |
Insider tip: As locals in Marine Parade know, Carpmael Road's quiet vibe supports premium pricing despite proximity to bustling Joo Chiat.
Market Analysis: Comparisons and Value Assessment
In District 15, Carpmael Thirty-eight's S$1,800+ psf outperforms older freeholds nearby, offering better value than newer launches at S$2,500+ psf.
Rental yields at 3.1% align with East Coast averages, bolstered by demand from expats near Kinex and Tanjong Katong Complex.
Future uplift expected from ECP enhancements and Marine Parade MRT (Thomson-East Coast Line), just 10-15 mins walk.
For financing, use Homejourney's mortgage calculator to assess affordability.
Pros and Cons for Investors
- Pros: Freehold tenure, low-density (16 units), strong rental demand (S$4,000+ avg), 3.1% yield.
- Cons: Limited units reduce liquidity; older building (TOP 2020) vs. ultra-new developments.
- Best For: Long-term holders seeking D15 stability over quick flips.
Compared to nearby like Eastwood Green, Carpmael Thirty-eight offers superior freehold value—see our Eastwood Green Terraces Rental Prices & Trends 2026 Eastwood Green Terraces Rental Prices & Trends 2026 | Homejourney .
Investment Potential and Actionable Steps
Capital appreciation outlook: 4-6% annually through 2030, fueled by D15 undersupply and URA's land scarcity.
Rental demand remains robust from professionals commuting to CBD (15 mins via ECP).
Steps to Evaluate:
- Review URA transactions on Homejourney project page.
- Calculate yields using bank rates tool.
- Contact agents via Homejourney agents for viewings.
- Assess maintenance—consider aircon services post-purchase.
Homejourney prioritizes your safety with verified agents and transparent data.
FAQ: Carpmael Thirty-eight Price Trends
What is the current PSF at Carpmael Thirty-eight?
S$1,811-S$1,874 psf based on 2025 resales; check Homejourney for updates.
Has Carpmael Thirty-eight PSF increased since 2020?
Yes, from S$1,510 psf to S$1,858 psf—a 23% rise.
What is the rental yield for Carpmael Thirty-eight?
Around 3.1%, competitive for D15 freeholds.
Is Carpmael Thirty-eight a good investment in 2026?
Strong for long-term due to freehold status and location; consult Homejourney agents.
How does Carpmael Thirty-eight compare to nearby condos?
Better value than newer D15 launches; see our pillar guide.Ready to invest? Search Carpmael Thirty-eight listings on Homejourney today for safe, verified property journeys.
