Block 38 Kim Pong Road

3 Room · Built 1974 · 47 years remaining lease MOP Cleared
Latest Sale
$800,000
Feb 2026 · 3 ROOM · #01-03
Median $/sqm
$7,849
Based on 8 transactions
Total Transactions
8
Since Jan 2017
5-Year Trend
▲ +25.4%
Median price change
Price Trend
Source: HDB Resale Flat Prices, data.gov.sg. Updated monthly.
What's Your Unit Worth?
HDB records transactions in 3-storey bands (e.g. 01 TO 03). Pick the band closest to your floor.
Estimated Market Value
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Future Value Projection
Estimated value in --
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Based on Bala's Table (SLA leasehold valuation model) with 3% annual market appreciation. Lease decay is non-linear and accelerates as remaining lease shortens. Not financial advice.
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Lease Decay Projection
0 years 47 years remaining 99 years
47 years
Remaining lease
↓ 0.87%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 47 years remaining, decay is gradual (~0.87%/yr). It accelerates significantly below 40 years. Market appreciation (historically 2-4%/yr) currently outpaces lease decay for this block.
All Transactions
Date Floor Type Area Price $/sqm
Feb 2026 01 TO 03 3 ROOM 88 sqm $800,000 $9,091
Jul 2024 01 TO 03 3 ROOM 88 sqm $770,000 $8,750
Nov 2023 01 TO 03 3 ROOM 75 sqm $800,888 $10,679
Sep 2021 01 TO 03 3 ROOM 75 sqm $608,000 $8,107
Aug 2021 01 TO 03 3 ROOM 88 sqm $668,000 $7,591
Mar 2020 01 TO 03 3 ROOM 88 sqm $610,000 $6,932
May 2019 01 TO 03 3 ROOM 88 sqm $638,000 $7,250
May 2017 04 TO 06 3 ROOM 88 sqm $615,000 $6,989
Showing 8 of 8 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 38 Kim Pong Road

Block 38 at Kim Pong Road is a residential HDB block in Bukit Merah, Singapore, built in 1974 with approximately 47 years remaining on its 99-year lease. The block contains 3 room flats, with resale prices ranging from $608,000 to $800,888 based on 8 recorded transactions since January 2017. The most recent transaction was a 3 room flat on storeys 01 TO 03 sold for $800,000 in 2026-02. The current median price per square metre is $7,849. Over the past five years, resale prices at this block have increased by approximately 25.4%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8015, with an annual lease decay rate of approximately 0.87%. All transaction data is sourced from Singapore's data.gov.sg open data platform and is updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 38 Kim Pong Road worth?

The most recent resale transaction at Block 38 Kim Pong Road was $800,000 for a 3 room flat in 2026-02. The median price per square metre across all flat types is $7,849, based on 8 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 38 Kim Pong Road?

Block 38 Kim Pong Road was built in 1974 and has approximately 47 years remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.87%, meaning the leasehold value decreases by approximately 0.87% per year at the current remaining lease.

What flat types are available at Block 38 Kim Pong Road?

Block 38 Kim Pong Road in Bukit Merah contains 3 room flats. Resale prices range from $608,000 to $800,888 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 38 Kim Pong Road gone up or down?

Resale prices at Block 38 Kim Pong Road have increased by approximately 25.4% over the past five years. The current median price is $653,000, with the most recent sale at $800,000 in 2026-02.

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