38 I Suites: Freehold Compact Living in Katong from S$800k
Updated 2026-10-29
38 I Suites is a 120-unit freehold development at 38 Ipoh Lane in District 15, completed in 2014. With 11 units currently listed at an average asking price of S$1,152,444 and an average psf of S$1,848, it remains one of the more affordable freehold entry points in the Katong belt.
What is 38 I Suites?
38 I Suites is a 16-storey freehold condominium at 38 Ipoh Lane, developed by Sustained Land and completed in 2014. The development holds 120 units across 19 floor plan layouts, ranging from one-bedroom-plus-study apartments of around 452 sqft to two-bedroom penthouses of up to 1,356 sqft.
Facilities include a lap pool, wading pool, jacuzzi, playground, fitness corner and BBQ pits. The development sits in District 15, within the Katong and Geylang East neighbourhood, a mature residential area known for its Peranakan heritage, independent food scene and proximity to East Coast Park.
How far is 38 I Suites from the nearest MRT?
Paya Lebar MRT station is roughly 980 metres away, about a 12-minute walk. Paya Lebar is an interchange station serving both the East-West Line and the Circle Line, which gives direct connections to Raffles Place, Marina Bay, one-north and Changi Airport without transferring.
Dakota MRT on the Circle Line is a similar distance in the opposite direction, offering a quieter alternative for commuters heading towards Marina Bay or Bayfront. Several bus services along Sims Avenue and Geylang Road add further options for those who prefer not to walk to the MRT.
Housing stock and prices at 38 I Suites
There are currently 11 condo units listed for sale at 38 I Suites, with an average asking price of S$1,152,444. The average listing size is 633 sqft at S$1,848 per square foot. These are predominantly one- and two-bedroom units suited to singles, couples or investors looking for rental income in the east.
The most recent recorded transaction, in April 2026, was a 463 sqft unit that sold for S$800,000, or S$1,728 per square foot. That figure sits well below the District 15 average of around S$2,177 psf. Comparable newer developments nearby, such as The Continuum, trade at roughly S$2,740 psf, while the similarly aged Versilia on Haig averages around S$2,065 psf. The freehold tenure and smaller unit sizes help explain the lower absolute price point.
On the rental side, the median rent sits at about S$3,000 per month, with one-bedroom units fetching around S$2,850 and two-bedroom units around S$3,150, based on leases tracked between September 2025 and August 2026.
Schools and daily amenities near Ipoh Lane
Three primary schools fall within the one-kilometre enrolment priority radius: Haig Girls' School, Tanjong Katong Primary School and Kong Hwa School. Geylang Methodist School (Primary and Secondary) is also nearby for families wanting a single-campus pathway.
For daily shopping, KINEX mall (formerly One KM) is a four-minute walk and houses a FairPrice supermarket, food court and clinic services. Tanjong Katong Complex and City Plaza are both within a 10-minute walk. Haig Road Market and Food Centre, one of the area's better-known hawker centres, is a short stroll away. Cold Storage and Sheng Siong outlets are also accessible on foot.
What does the Paya Lebar Air Base move mean for this area?
The relocation of Paya Lebar Air Base, expected from the 2030s, is the single largest change coming to Singapore's east side. Under the URA Master Plan, the vacated site will become a new mixed-use town with an estimated 150,000 new homes, workplaces, parks and transport infrastructure.
For existing owners in District 15, the practical effect is twofold. First, building height restrictions that currently apply across Geylang, Marine Parade and parts of Hougang will progressively lift once flight paths are no longer a constraint. Second, the influx of new infrastructure and amenities is expected to raise the profile and connectivity of the broader east region. A freehold development like 38 I Suites, already trading at a discount to the district average, could benefit from that long-term uplift.
Is 38 I Suites a good buy in District 15?
38 I Suites offers freehold tenure at a price point that undercuts most of its District 15 neighbours. The trade-off is size: the bulk of the units are compact one- and two-bedroom layouts designed for efficiency rather than space. For owner-occupiers who work in the CBD or east side, the combination of freehold title, two nearby MRT lines and sub-S$1.2 million entry pricing is hard to match in this district.
For investors, the rental yield picture is reasonable. A unit purchased at S$800,000 and rented at S$2,850 per month produces a gross yield of around 4.3 per cent before maintenance and tax. The development is 12 years old, so buyers should factor in the condition of individual units and any upcoming maintenance works. Overall, 38 I Suites is a straightforward proposition: affordable freehold in a mature, well-connected neighbourhood with a significant long-term catalyst in the air base redevelopment.