RPS · Resale Project Scorecard
Race Course 138 — Grade B
RPS score 5.41/10 · D08 · Farrer Park, Little India · 24 units · scored across 7 weighted factors — methodology published.
FH · CHIU TENG REALTY PTE LTD · TOP 2002
Solid, middle-of-the-pack project. Standout strengths: tenure, MRT access. Key weaknesses: capital appreciation, project size.
Factor breakdown
- Project's Historical Performance25% weight
- 3/10
- Primary School Effect20% weight
- 5/10
- Project Size16% weight
- 3/10
- MRT Proximity13% weight
- 9/10
- Rental Yield10% weight
- 8/10
- Tenure10% weight
- 10/10
- Future Transformation6% weight
- 4/10
Avg Ann. of +2.72% — below-median performance vs same-vintage peers (27th percentile of 2002-era cohort).
2 primary schools within 1km (nearest: FARRER PARK PRIMARY SCHOOL at 0.33km). Moderate school access.
24 units — very small project; niche product with thin resale market.
270m from Farrer Park Mrt Stn (NE8) — direct, walk-in MRT access. Strong commuter appeal.
Rental yield of 4.11% — strong income return.
Freehold tenure — no lease decay concerns, preserves long-term value.
Limited future-catalyst exposure — nearest is Newton–Orchard mixed-use precinct at 1.63km, far enough that the impact on this project is modest.
Primary schools within 1km: Farrer PARK Primary School, ST. Margaret's School (Primary).
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The verdict· Scores updated September 2026
Race Course 138 scores 5.41 out of 10 on the TRIBE Resale Project Scorecard, Grade B, ranking 1623rd of 2,357 resale condos scored in Singapore and 58th of 70 in District 8 (Farrer Park, Little India). Its strongest factors are Tenure (10/10) and MRT Proximity (9/10); its weakest is Project Size (3/10). Solid, middle-of-the-pack project. Standout strengths: tenure, MRT access. Key weaknesses: capital appreciation, project size.
See all 70 scored condos in District 8 (Farrer Park, Little India) →
RPS · Resale Project Scorecard
Recent resale transactions at Race Course 138
12 months to September 2026 (Oct 2025 – Sep 2026): 2 resale transactions, median $1,075 psf, median price $1.25M.
| Period | Transactions | Median PSF | Median price |
|---|---|---|---|
| Oct–Dec 2025 | 1 | $1,098 psf | $1.30M |
| Jan–Mar 2026 | 1 | $1,052 psf | $1.20M |
| Apr–Jun 2026 | — | — | — |
| Jul–Sep 2026 | — | — | — |
| 12-month total | 2 | $1,075 psf | $1.25M |
Aggregates of URA REALIS resale caveats (data to September 2026). A specific unit's value depends on floor, size, facing and condition — for a unit-level read, use the Resale Price Check.
Race Course 138: frequently asked questions
Answers generated from the scorecard data — RPS rank 1623rd of 2,357, scores updated September 2026.
- Is Race Course 138 a good buy in 2026?
- Race Course 138 scores 5.41/10 on the TRIBE Resale Project Scorecard (Grade B), which places it 1623rd of 2,357 Singapore resale condos and 58th of 70 in District 8 (Farrer Park, Little India). Solid, middle-of-the-pack project. Standout strengths: tenure, MRT access. Key weaknesses: capital appreciation, project size. RPS scores project-level demand fundamentals — not a specific unit or its asking price — so read the grade as a screen: it tells you whether the drivers of resale demand are present, and the price you pay still decides the outcome.
- What is the average PSF at Race Course 138?
- In the 12 months to September 2026 (Oct 2025 – Sep 2026), URA REALIS records 2 resale transactions at Race Course 138, at a median of $1,075 psf and a median price of $1.25M (range $1,052 psf to $1,098 psf). Figures are aggregates of caveats lodged with URA; a specific unit's value depends on floor, size, facing and condition.
- How far is Race Course 138 from the nearest MRT station?
- Race Course 138 is about 270m from Farrer Park MRT (NE8), scoring 9/10 on the MRT Proximity factor (13% of the RPS score). Distances are straight-line, and confirmed upcoming stations are also considered.
- How does Race Course 138 compare with King's Court?
- King's Court is the project scored next to Race Course 138 on the District 8 ranking: 5.49 (Grade B) against Race Course 138's 5.41 (Grade B). Race Course 138 scores higher on Rental Yield (8 vs 0) and MRT Proximity (9 vs 7); King's Court scores higher on Primary School Effect (5 vs 8) and Project's Historical Performance (3 vs 5).
- Which primary schools are within 1km of Race Course 138?
- 2 primary schools are within 1km of Race Course 138: Farrer PARK Primary School, ST. Margaret's School (Primary). 2 primary schools within 1km (nearest: FARRER PARK PRIMARY SCHOOL at 0.33km). Moderate school access. Race Course 138 scores 5/10 on the Primary School Effect factor (20% of the RPS score), which weights each school by its recent P1 ballot demand.
- What is the tenure of Race Course 138, and how big is the project?
- Race Course 138 is freehold, completed in 2002, has 24 units, developed by CHIU TENG REALTY PTE LTD. Freehold tenure — no lease decay concerns, preserves long-term value. 24 units — very small project; niche product with thin resale market. Tenure carries 10% of the RPS score and Project Size 16%.
Scored either side of Race Course 138 in Farrer Park, Little India
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