Block 38 Telok Blangah Rise
Block 38 Telok Blangah Rise has 3 recorded HDB resale transactions since 2017. Latest sale: $300,000 (Jul 2024, 3 room, floors 04–06). Median $5,000/sqm. Built 1976, 51 years lease remaining.
What this block rents for, and the gross rental yield (annual rent ÷ resale price). Figures are from rentals at this block where available.
| Flat type | Median rent /mo | Gross yield | Based on |
|---|---|---|---|
| 3-Room | $2,700 typically $2,400–$2,900 | 10.8% | 5 rentals here |
This block is inside the 1 km Primary 1 priority zone for 2 popular schools. When a school is oversubscribed, MOE ballots by home–school distance, and homes within 1 km are drawn first.
- This home
- School within 1 km
- School 1–2 km
- 1km ring, top priority
- 2km ring, next tier
Straight-line distances, the basis MOE uses for Home–School Distance priority. Tap a school to open it. Map © OneMap, SLA.
Other HDB blocks closest to Block 38 Telok Blangah Rise in Bukit Merah, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.
| Date | Floor | Type | Area | Price | $/sqm |
|---|---|---|---|---|---|
| Jul 2024 | 04 TO 06 | 3 ROOM | 60 sqm | $300,000 | $5,000 |
| Feb 2024 | 01 TO 03 | 3 ROOM | 60 sqm | $333,000 | $5,550 |
| Sep 2018 | 01 TO 03 | 3 ROOM | 60 sqm | $260,000 | $4,333 |
About Block 38 Telok Blangah Rise
Block 38 Telok Blangah Rise is an ageing-lease HDB block in Bukit Merah, built in 1976 with about 51 years left on its 99-year lease, so remaining lease is the dominant price factor here. Its median sits about 53% below the Bukit Merah median, cheaper than about 95% of the town's blocks. It has a relatively light resale record, with 3 transactions since 2017 across 3 room flats priced from $260,000 to $333,000. The most recent transaction was a 3 room flat on storeys 04 TO 06 at $300,000 in Jul 2024, and the median works out to $5,000/sqm. All transaction data is sourced from data.gov.sg and updated monthly.
Frequently Asked Questions
How much is an HDB flat at Block 38 Telok Blangah Rise worth?
The most recent resale transaction at Block 38 Telok Blangah Rise was $300,000 for a 3 room flat in 2024-07. The median price per square metre across all flat types is $5,000, based on 3 transactions since January 2017. Data sourced from data.gov.sg.
What is the remaining lease for Block 38 Telok Blangah Rise?
Block 38 Telok Blangah Rise was built in 1976 and has approximately 51 years and 4 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.72%, meaning the leasehold value decreases by approximately 0.72% per year at the current remaining lease.
What flat types are available at Block 38 Telok Blangah Rise?
Block 38 Telok Blangah Rise in Bukit Merah contains 3 room flats. Resale prices range from $260,000 to $333,000 based on historical transaction records from data.gov.sg.