IndustrialRESIDENTIAL WITH COMMERCIAL AT 1ST STOREYFreeholdDistrict 9 · River Valley

38 Martin Road

Reviewed by Nathan TangUpdated 8 November 2026Data through Jan 2006

Quick Summary

38 Martin Road is a industrial building in District 9 · River Valley, on land zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY under the URA Master Plan with a gross plot ratio of 2.8. It is freehold. 1 transaction is on record since 1995, most recently in Jan 2006. 1 unit is currently listed for rent. ACRA records 22 live company registrations at this address.

The facts are here — now get the verdict on 38 Martin Road.

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What are the key facts about 38 Martin Road?

Key takeaway38 Martin Road is a industrial building in District 9 · River Valley, zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY, held freehold.

Asset class: Industrial
Land-use zone: RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
Gross plot ratio: 2.8
Tenure: Freehold
District / Area: District 9 · River Valley
Address: 38 Martin Road
Land area: —
Completed: Not on record
Storeys: Not on record
Strata units (MCST): 91
Managing agent: SEVEN PALMS RESORTS MANAGEMENT PTE LTD
Strata formed: 2014 (MCST 3978)
Listed as: Other Retail
Transactions on record: 1 (records start 1995)
Live listings: 1
ACRA registrations: 22

About 38 Martin Road

38 Martin Road is an industrial property in River Valley (District 09). It is located along Martin Road, Singapore 239059.

Under the URA Master Plan the site is zoned Residential With Commercial At 1St Storey with a gross plot ratio of 2.8.

The site is freehold.

1 transaction has been recorded here, at a median of S$1,008 psf. The most recent was in January 2006.

Across JTC's rental returns for Martin Road, the median rent for industrial space on this street works out to about S$1.94 psf per month over 12 observations. Observed medians on the street span S$0.62 to S$3.44 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.

The nearest port or airport land is about 3.6 km away. The closest business-park zone is about 1.4 km away. The nearest MRT is Great World MRT, 523 m away (about a 8-minute walk). The closest bus stop (Opp Hotel Miramar) is 363 m away (about a 6-minute walk).

25 businesses are currently registered at this address with ACRA.

What is 38 Martin Road zoned as?

Key takeaway38 Martin Road sits on land zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY with a gross plot ratio of 2.8, inside the Central Area.

Land-use zone: RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
Gross plot ratio: 2.8
Urban design area: Udga
Central Area: Yes

Run the full zoning report for this building →

What has 38 Martin Road sold for?

Key takeaway1 transaction is on record since 1995, most recently in Jan 2006 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Jan 2006	Warehouse	S$17.80M	17,664 sqft	$1,008

URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter

Market context around 38 Martin Road

Key takeawayBrokers' industrial figures for Singapore as a whole — a broker's market figure, not this building's rent.

CBRE, 2Q 2026 (island-wide)

Factory (ground floor): Rent S$1.81 psf/mth
Factory (upper floor): Rent S$1.41 psf/mth
Prime logistics: Rent S$1.87 psf/mth · Capital value S$245 psf · Net yield 6.5%
Warehouse (ground floor): Rent S$1.91 psf/mth
Warehouse (upper floor): Rent S$1.39 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026 (island-wide)

Factory - Ground Floor: Rent S$1.79 psf/mth
Factory - Upper Floor: Rent S$1.57 psf/mth
High-Tech: Rent S$3.56 psf/mth
Prime Logistics - Ground Floor: Rent S$1.92 psf/mth
Prime Logistics - Upper Floor: Rent S$1.74 psf/mth
Warehouse - Ground Floor: Rent S$1.81 psf/mth
Warehouse - Upper Floor: Rent S$1.49 psf/mth

Singapore Industrial MarketBeat Q2 2026

Official series (JTC, 2026Q3): Multiple-User Factory occupancy (island-wide) 90.3% (-0.7 pp on the year) · Single-User Factory occupancy (island-wide) 89.1% (0 pp on the year) · Warehouse occupancy (island-wide) 89.7% (+0.1 pp on the year).

Brokers draw submarkets and grades differently; each figure is the broker's own, for its own area, cited to its report. Rents are per square foot per month.

How fast units move at 38 Martin Road

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 1 unit for rent.

Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 0 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.

What's been approved at 38 Martin Road?

Key takeawayURA's planning decisions at 38 Martin Road since 2000 are below. This is the building's planning history, not today's approved use of any unit: confirm a unit's approved use with URA before signing.

2 Aug 2023Approved
Additions & alterations
Proposed additions & alterations and change of use to basement car parks with management office, stores and toilet facilities to residential blocks
10 Apr 2023Approved
Additions & alterations
Proposed amendment to approved additions & alterations and change of use to basement car parks with management office, stores and toilet facilities to residential blocks a on ts 21, lot 01560t at 38 martin road singapore 239059
6 Jul 2021Approved
Additions & alterations
Proposed additions & alterations and change of use to basement car parks with management office, stores and toilet facilities to residential blocks

Source: URA planning decisions (URA Data Service), matched to this building by address or land lot. A past approval can lapse (a temporary permission) and belongs to the unit it names. The authoritative approved use of a unit comes from URA's Enquiry on Approved Use of Premises (S$54.50 per unit).

What is available at 38 Martin Road right now?

Key takeaway1 unit is currently listed at 38 Martin Road. One row per unit; several agents often market the same unit.

For rent (1)

Gym / Fitness / Yoga / Spinning Class @ Mhd Sultan4 agentsS$27k/mo · 2,939 sqft

Browse every listing at this building →

What is near 38 Martin Road?

Key takeawayThe nearest MRT/LRT is Great World MRT, about 523 m away.

Getting around

Great World MRT523 m · ~8 min

Amenities nearby

Educational Institution · 199 mOpp Hotel Miramar · 363 mThe Riverside Clinic · 403 mGreat World MRT Exit 1 · 481 mBlk 1 Jalan Kukoh · 481 mSingapore General Hospital · 1.1 kmBusiness Park · 1.4 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at 38 Martin Road

Key takeawayThe nearest station is Great World (TE15), 481 m away — a moderately busy station, with about 21,000 taps in and out on an average weekday. 9 public car parks are within 500 m; the cheapest URA season parking nearby is S$80 a month.

Foot traffic: busier than 88% of industrial buildings

nearest MRT/LRT Great World (TE15) 481 m, about 21,000 taps a weekday; 5 more stations within 1 km; bus stops within 400 m: 3, about 3,377 taps a weekday; about 31,000 residents within 1 km (June 2026). Ranked against 8,225 industrial buildings by PropKaki's model: a relative score, not a footfall count.

A relative score from PropKaki's model (station and bus taps nearby, workers and residents around), not a count of people.

Stations within 1 km

Great World (TE15)481 m · about 21,000 weekday taps
Havelock (TE16)502 m · about 16,000 weekday taps
Fort Canning (DT20)680 m · about 14,000 weekday taps
Somerset (NS23)879 m · about 66,000 weekday taps
Chinatown (NE4 / DT19)960 m · about 97,000 weekday taps

Taps are fare-card taps in and out at the station's gates on an average weekday (Jul 2026 to Sep 2026) — people passing through, not visitors to 38 Martin Road. Transfers between lines don't tap, so interchanges read low.

Bus

3 bus stops within 400 m, with 3,377 boardings and alightings on an average weekday.

Public car parks within 500 m

Martin Place - Muthura Man Chetty Rd (URA)110 m
S$0.60 per half-hour at midday on a weekday · 19 car lots
Kim Yam Rd (URA)232 m
S$0.60 per half-hour at midday on a weekday · 28 car lots
Mohd Sultan-River Vall Ey Road Area (URA)242 m
season S$80/month
Mohd Sultan Rd (URA)323 m
S$0.60 per half-hour at midday on a weekday · 74 car lots
Unity St (URA)433 m
S$0.60 per half-hour at midday on a weekday · 10 car lots

Public car parks only, by straight-line distance, with the operator's published rates. 38 Martin Road's own car park, if it has one, and its charges are not in the open data.

Who's registered at 38 Martin Road?

Key takeaway22 live companies (and LLPs and branches; sole proprietors are not counted) list 38 Martin Road as their registered address. These are registered businesses, not who occupies the space.

Financial and insurance
10
Professional, scientific and technical services
6
Wholesale and retail trade
2
Accommodation and food services
2
Information and communications
1
Real estate
1
Administrative and support services
0
Construction
0

Registered businesses, not who occupies the space: companies, LLPs and branches whose REGISTERED address is this building (ACRA), by industry. Sole proprietors are not counted; no business is named. Homes share this postal code, so some registrations are home-based. ACRA, as of 2026-09-16.

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$20.84 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$20.84 psm/mo
Observed range: S$6.62 – S$36.99

JTC street medians span 2000 to today and are an all-time level, not today's asking rent; the forward pipeline is a forecast, not committed completions.

Frequently asked questions about 38 Martin Road

Where is 38 Martin Road?⌄

38 Martin Road is at 38 Martin Road, Singapore 239059, in the River Valley planning area.

What is 38 Martin Road zoned as?⌄

38 Martin Road is zoned Residential With Commercial At 1St Storey under the URA Master Plan, with a gross plot ratio of 2.8.

What is the tenure of 38 Martin Road?⌄

38 Martin Road is freehold.

What have units at 38 Martin Road sold for?⌄

Across 1 recorded transaction, the median is S$1,008 psf. The latest was in January 2006.

What does industrial space near 38 Martin Road rent for?⌄

JTC's rental returns for Martin Road put the median at about S$1.94 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Martin Road, not a rent quoted for 38 Martin Road itself.

What is the nearest MRT station to 38 Martin Road?⌄

Great World MRT is the closest, 523 m away (about a 8-minute walk).

How many businesses are registered at 38 Martin Road?⌄

25 businesses are currently registered at this address with ACRA. That counts registered addresses, not physical occupiers.

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Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Total units: the strata units in the building's MCST (BCA's register) — strata lots, not tenancies; a single-owner building can be one lot. Units with a recorded sale (URA caveats) are a separate figure.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Managing agent: as BCA's MCST register names it; it can change between register updates.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Season parking: the cheapest URA car season rate (commercial ticket) at a public car park within 500 m, per month. HDB's season rates depend on a zone we don't have, so they are shown as HDB's tiers.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

Company REGISTRATIONS at this address (ACRA), not a tenancy schedule. Registration does not mean the company physically occupies space here, and a low count does not mean the building is empty. Do not describe this as occupancy or vacancy.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Median across 2000Q1-2026Q2 — an all-time level, NOT a current rent. Quote the latest quarter for "what does it rent for now".

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from BCA's MCST register, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.