Blk 38 Lor 5 Toa Payoh is an HDB block in Toa Payoh (completed in 1969, 11 storeys, 213 units). As of Jul 2026, its median resale price over the last 24 months is $363,000, about 61% below the Toa Payoh median, from 7 sales. 259 resale transactions have been recorded here since 1990.
Explore this block on the interactive map →| Town | Toa Payoh |
|---|---|
| Completed | 1969 |
| Lease from | 1970 |
| Storeys | 11 |
| Dwelling units | 213 |
| Unit mix (sold) | 3-room ×205 · 5-room ×7 |
| Recorded resales | 259 since 1990 |
| Flat type | Median price | Median $/m² | Sales |
|---|---|---|---|
| 3-Room | $363,000 | $5,418/m² | 7 |
Median monthly rent at this block: $2,600/mo (12 rental contracts, last 12 months).
Estimated gross rental yield: ~8.6% (Toa Payoh average: ~4.1%) — annual median rent over median resale price, before taxes, fees and vacancy.
On price per square metre, this block is cheaper than 93% of Toa Payoh blocks with recent sales.
For a typical 3-room flat here, our price model estimates $318,989–$356,835 (central estimate $337,912). Recent sales — median $341,084 — sit within that range. The model explains 94% of resale prices with a typical error of ±6%. Indicative only — not an official valuation.
| Year | Median (nominal) | Median (today's $) | Sales |
|---|---|---|---|
| 1990 | $39,000 | $73,012 | 10 |
| 1991 | $40,000 | $72,394 | 3 |
| 1992 | $40,000 | $70,805 | 6 |
| 1993 | $61,000 | $105,560 | 8 |
| 1994 | $93,000 | $156,106 | 7 |
| 1995 | $126,000 | $207,911 | 6 |
| 1996 | $165,000 | $268,558 | 15 |
| 1997 | $193,000 | $307,903 | 7 |
| 1998 | $156,800 | $250,834 | 17 |
| 1999 | $146,000 | $233,501 | 14 |
| 2000 | $160,000 | $252,486 | 7 |
| 2001 | $153,250 | $239,408 | 14 |
| 2002 | $163,000 | $255,641 | 10 |
| 2003 | $162,250 | $253,229 | 6 |
| 2004 | $160,000 | $245,611 | 8 |
| 2005 | $161,000 | $245,982 | 7 |
| 2006 | $174,250 | $263,679 | 10 |
| 2007 | $189,000 | $280,089 | 8 |
| 2008 | $209,000 | $290,454 | 8 |
| 2009 | $250,000 | $345,402 | 12 |
| 2010 | $299,000 | $401,736 | 11 |
| 2011 | $320,000 | $408,499 | 6 |
| 2012 | $343,000 | $418,680 | 3 |
| 2013 | $346,500 | $413,185 | 4 |
| 2014 | $348,000 | $410,727 | 4 |
| 2015 | $302,000 | $358,309 | 6 |
| 2016 | $287,500 | $342,919 | 4 |
| 2017 | $318,000 | $377,123 | 4 |
| 2018 | $252,500 | $298,138 | 4 |
| 2019 | $250,000 | $293,521 | 8 |
| 2020 | $268,000 | $315,197 | 1 |
| 2021 | $280,000 | $321,856 | 5 |
| 2022 | $293,000 | $317,342 | 5 |
| 2023 | $326,500 | $337,321 | 2 |
| 2024 | $355,000 | $358,206 | 4 |
| 2025 | $375,000 | $375,000 | 3 |
| 2026 | $354,000 | $354,000 | 2 |
| Record sale | $550,000 (5-Room, 2017-08) |
|---|---|
| First recorded sale | $28,600 (1990-02) |
| Busiest year | 1998 · 17 sales |
| 10-year change (real) | +3% (+0.3%/yr, 2016→2026) |
| Total transacted | $51.8M across 259 sales |
| Month | Flat type | Storey | Area (m²) | Price |
|---|---|---|---|---|
| 2026-06 | 3-Room | 04 TO 06 | 67 | $345,000 |
| 2026-03 | 3-Room | 04 TO 06 | 67 | $363,000 |
| 2025-11 | 3-Room | 10 TO 12 | 67 | $375,000 |
| 2025-11 | 3-Room | 10 TO 12 | 67 | $360,000 |
| 2025-05 | 3-Room | 04 TO 06 | 67 | $375,000 |
| 2024-10 | 3-Room | 04 TO 06 | 67 | $372,000 |
| 2024-08 | 3-Room | 10 TO 12 | 67 | $340,000 |
| 2024-05 | 3-Room | 04 TO 06 | 77 | $370,000 |
| 2024-01 | 3-Room | 01 TO 03 | 67 | $315,000 |
| 2023-07 | 3-Room | 04 TO 06 | 67 | $328,000 |
| 2023-05 | 3-Room | 10 TO 12 | 67 | $325,000 |
| 2022-10 | 3-Room | 10 TO 12 | 67 | $310,000 |
| 2022-09 | 3-Room | 04 TO 06 | 67 | $320,000 |
| 2022-05 | 3-Room | 01 TO 03 | 67 | $293,000 |
| 2022-04 | 3-Room | 01 TO 03 | 67 | $290,000 |
| 2022-02 | 3-Room | 07 TO 09 | 67 | $285,000 |
| 2021-10 | 3-Room | 01 TO 03 | 67 | $276,888 |
| 2021-08 | 3-Room | 07 TO 09 | 67 | $295,000 |
| 2021-06 | 3-Room | 10 TO 12 | 67 | $280,000 |
| 2021-05 | 3-Room | 01 TO 03 | 67 | $275,000 |
| Block | Median (24 mo) | Median $/m² |
|---|---|---|
| 1. Blk 36 | $1,002,500 | $8,389/m² |
| 2. Blk 49 | $980,944 | $7,532/m² |
| 3. Blk 37 | $951,000 | $8,623/m² |
| 4. Blk 45 | $935,000 | $7,217/m² |
| 5. Blk 50 | $888,000 | $7,163/m² |
| 6. Blk 44 | $868,000 | $7,115/m² |
| 7. Blk 46 | $852,500 | $6,876/m² |
| 8. Blk 43 | $850,000 | $6,911/m² |
| 9. Blk 35 | $817,500 | $7,939/m² |
| 10. Blk 61 | $385,000 | $5,701/m² |
| 11. Blk 53 | $375,000 | $5,515/m² |
| 12. Blk 34 | $367,500 | $5,485/m² |
| 13. Blk 38 | $363,000 | $5,418/m² |
| 14. Blk 57 | $344,000 | $5,639/m² |
| 15. Blk 59 | $334,000 | $5,475/m² |
Showing the top 15 of 17 blocks.
The median resale price over the last 24 months is $363,000 (7 sales, as of Jul 2026). See the by-type table above for 3-room vs 4-room medians.
For a typical 3-room flat here, our price model estimates $318,989–$356,835 (central estimate $337,912). Recent sales — median $341,084 — sit within that range.
The median monthly rent is $2,600/mo over the last 12 months (12 contracts).
The block was completed in 1969 and its 99-year lease runs from 1970.