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Block 38 Upper Boon Keng Road

5 Room · Built 1976 · 49 years remaining lease · Updated Oct 2026 MOP Cleared

Block 38 Upper Boon Keng Road has 18 recorded HDB resale transactions since 2017. Latest sale: $600,000 (Oct 2026, 5 room, floors 22–24). Median $5,064/sqm. Prices up 19.3% over the past five years. Built 1976, 49 years lease remaining.

Blk 38 at $593K sits 1% below Kallang/Whampoa's $600K town median, pricier than 49% of its 273 priced blocks. See all HDB prices in Kallang/Whampoa →

Latest Sale
$600,000
Oct 2026 · 5 ROOM · Floor 22-24
Median $/sqm
$5,064
Based on 18 transactions
Total Transactions
18
Since Jan 2017
5-Year Trend
▲ +19.3%
Median price change
Median Price ?
Top 52%
#141 / 273 Top 52%
Latest Sale ?
Top 63%
#171 / 273 Top 63%
Value ($/sqm) ?
Top 84%
#229 / 273 Top 84%
5-Year Growth ?
Top 84%
#184 / 218 Top 84%
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
+3.6%/yr
vs
▼
Lease Decay
−0.80%/yr
Growth assumption
Based on this block’s +19.3% 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 49 years remaining 99 years
49 years
Remaining lease
↓ 0.80%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 49 years remaining, decay is gradual (~0.80%/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 $3,750–$4,500 5% 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
Oct 2026 22 TO 24 5 ROOM 114 sqm $600,000 $5,263
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 18 of 18 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 49 years of lease remaining, which makes lease decay the central consideration for buyers. Its $592,500 median tracks close to the Kallang/Whampoa town median. It has a relatively light resale record, with 18 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 22 TO 24 at $600,000 in Oct 2026, and the median works out to $5,064/sqm. Over five years, prices here are up about 19.3%. 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 $600,000 for a 5 room flat in 2026-10. The median price per square metre across all flat types is $5,064, based on 18 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 49 years remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.80%, meaning the leasehold value decreases by approximately 0.80% 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 19.3% over the past five years. The current median price is $592,500, with the most recent sale at $600,000 in 2026-10.

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