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Block 38 Upper Boon Keng Road

5 Room · Built 1976 · 50 years remaining lease · Updated Jul 2025 MOP Cleared

Block 38 Upper Boon Keng Road has 17 recorded HDB resale transactions since 2017. Latest sale: $650,000 (Jul 2025, 5 room, floors 10–12). Median $5,043/sqm. Prices up 22.8% over the past five years. Built 1976, 50 years lease remaining.

Latest Sale
$650,000
Jul 2025 · 5 ROOM · Floor 10-12
Median $/sqm
$5,043
Based on 17 transactions
Total Transactions
17
Since Jan 2017
5-Year Trend
▲ +22.8%
Median price change
Median Price ?
Top 51%
#139 / 273 Top 51%
Latest Sale ?
Top 56%
#153 / 273 Top 56%
Value ($/sqm) ?
Top 84%
#228 / 273 Top 84%
5-Year Growth ?
Top 74%
#155 / 209 Top 74%
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
--
How we estimate this →
Future Value Projection
Market Appreciation
+4.2%/yr
vs
Lease Decay
−0.76%/yr
Growth assumption
Based on this block’s +22.8% growth over 5 years
Estimated value in --
--
Market appreciation --
Lease decay --
Net effect --
Projection uses Bala's Table (SLA leasehold model) for lease decay and your selected growth rate for appreciation. Lease decay is non-linear and accelerates as remaining lease shortens. Past growth does not guarantee future performance. Not financial advice.
Lease Decay Projection
0 years 50 years remaining 99 years
50 years 1 months
Remaining lease
↓ 0.76%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 50 years remaining, decay is gradual (~0.76%/yr). It accelerates significantly below 40 years. Market appreciation (historically 2-4%/yr) currently outpaces lease decay for this block.
Rental & Yield

What this block rents for, and the gross rental yield (annual rent ÷ resale price). This block has too few rentals on record, so figures shown are the Kallang/Whampoa average.

Flat type Median rent /mo Gross yield Based on
5-Room $4,000 typically $3,700–$4,400 4.9% Kallang/Whampoa avg · block too thin
Gross yield is annual rent before maintenance, property tax, and vacancy, so net return is lower. Renting out a whole HDB flat requires meeting the 5-year Minimum Occupation Period and HDB approval. Rents are owner-declared to HDB and unverified.
Source: HDB Renting Out of Flats, data.gov.sg (Singapore Open Data Licence).
Where this home sits, and its schools
0 schools in the 1 km top-priority zone
  • 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.

Nearby comparable homes

Other HDB blocks closest to Block 38 Upper Boon Keng Road in Kallang/Whampoa, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.

See all HDB blocks in Kallang/Whampoa
Distances are straight-line estimates from this home, indicative only. Prices are medians of recorded resale transactions, not asking prices.
All Transactions
Date Floor Type Area Price $/sqm
Jul 2025 10 TO 12 5 ROOM 114 sqm $650,000 $5,702
May 2025 07 TO 09 5 ROOM 114 sqm $688,000 $6,035
May 2024 13 TO 15 5 ROOM 117 sqm $610,000 $5,214
Feb 2024 22 TO 24 5 ROOM 117 sqm $700,888 $5,990
Sep 2023 16 TO 18 5 ROOM 114 sqm $638,000 $5,596
Jan 2023 13 TO 15 5 ROOM 117 sqm $595,000 $5,085
Aug 2022 25 TO 27 5 ROOM 117 sqm $665,000 $5,684
Mar 2022 07 TO 09 5 ROOM 114 sqm $545,000 $4,781
Jan 2022 22 TO 24 5 ROOM 117 sqm $600,000 $5,128
Nov 2021 07 TO 09 5 ROOM 117 sqm $590,000 $5,043
Jan 2021 10 TO 12 5 ROOM 119 sqm $500,000 $4,202
Dec 2020 04 TO 06 5 ROOM 117 sqm $480,000 $4,103
Nov 2020 22 TO 24 5 ROOM 114 sqm $530,000 $4,649
Nov 2020 10 TO 12 5 ROOM 117 sqm $540,000 $4,615
May 2020 04 TO 06 5 ROOM 117 sqm $482,000 $4,120
Feb 2019 25 TO 27 5 ROOM 119 sqm $525,000 $4,412
Jul 2018 07 TO 09 5 ROOM 114 sqm $505,000 $4,430
Showing 17 of 17 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 38 Upper Boon Keng Road

Block 38 Upper Boon Keng Road in Kallang/Whampoa dates to 1976 and now has roughly 50 years of lease remaining, which makes lease decay the central consideration for buyers. Its $590,000 median tracks close to the Kallang/Whampoa town median. It has a relatively light resale record, with 17 transactions since 2017 across 5 room flats priced from $480,000 to $700,888. The most recent transaction was a 5 room flat on storeys 10 TO 12 at $650,000 in Jul 2025, and the median works out to $5,043/sqm. Over five years, prices here are up about 22.8%. All transaction data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 38 Upper Boon Keng Road worth?

The most recent resale transaction at Block 38 Upper Boon Keng Road was $650,000 for a 5 room flat in 2025-07. The median price per square metre across all flat types is $5,043, based on 17 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 38 Upper Boon Keng Road?

Block 38 Upper Boon Keng Road was built in 1976 and has approximately 50 years and 1 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.76%, meaning the leasehold value decreases by approximately 0.76% per year at the current remaining lease.

What flat types are available at Block 38 Upper Boon Keng Road?

Block 38 Upper Boon Keng Road in Kallang/Whampoa contains 5 room flats. Resale prices range from $480,000 to $700,888 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 38 Upper Boon Keng Road gone up or down?

Resale prices at Block 38 Upper Boon Keng Road have increased by approximately 22.8% over the past five years. The current median price is $590,000, with the most recent sale at $650,000 in 2025-07.

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