Skip to content

Block 28 Balam Road

4 Room · 5 Room · Built 1997 · 70 years remaining lease · Updated Mar 2026 MOP Cleared

Block 28 Balam Road has 19 recorded HDB resale transactions since 2017. Latest sale: $855,000 (Mar 2026, 4 room, floors 04–06). Median $5,660/sqm. Prices up 39.3% over the past five years. Built 1997, 70 years lease remaining.

How this block compares

  • 4 Room$852,500
    +23.1%vs town(+$160k)+35.3%vs national(+$223k)
  • 5 Room$942,000
    +3.5%vs town(+$32k)+27.3%vs national(+$202k)

Median of resales in the 12 months to Jul 2026, compared with town and Singapore medians on the same basis. Flat types with fewer than two sales in the window are omitted.

Latest Sale
$855,000
Mar 2026 · 4 ROOM · Floor 04-06
Median $/sqm
$5,660
Based on 19 transactions
Total Transactions
19
Since Jan 2017
5-Year Trend
▲ +39.3%
Median price change
Median Price ?
Top 22%
#55 / 253 Top 22%
Latest Sale ?
Top 17%
#44 / 253 Top 17%
Value ($/sqm) ?
Top 37%
#94 / 253 Top 37%
5-Year Growth ?
Top 26%
#49 / 187 Top 26%
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
+6.9%/yr
vs
Lease Decay
−0.34%/yr
Growth assumption
Based on this block’s +39.3% 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 70 years remaining 99 years
70 years 5 months
Remaining lease
↓ 0.34%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 70 years remaining, decay is gradual (~0.34%/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). Figures are from rentals at this block where available.

Flat type Median rent /mo Gross yield Based on
4-Room $3,550 typically $3,200–$3,900 6.1% Geylang avg · block too thin
5-Room $4,300 typically $4,100–$4,300 5.5% 5 rentals here
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).
Primary schools nearby

This block is inside the 1 km Primary 1 priority zone for 1 popular school. When a school is oversubscribed, MOE ballots by home–school distance, and homes within 1 km are drawn first.

Compare homes near all 50 popular schools
Distances are straight-line estimates from this block, indicative only. MOE measures from its own school reference point, so confirm the exact distance before relying on it.
Where this home sits, and its schools
1 school 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 28 Balam Road in Geylang, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.

See all HDB blocks in Geylang
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
Mar 2026 04 TO 06 4 ROOM 107 sqm $855,000 $7,991
Mar 2026 13 TO 15 4 ROOM 106 sqm $850,000 $8,019
Jan 2026 16 TO 18 5 ROOM 127 sqm $942,000 $7,417
Jan 2026 04 TO 06 5 ROOM 127 sqm $850,000 $6,693
Sep 2025 13 TO 15 5 ROOM 127 sqm $985,000 $7,756
Dec 2024 19 TO 21 4 ROOM 106 sqm $850,000 $8,019
Feb 2023 16 TO 18 4 ROOM 106 sqm $705,000 $6,651
Jun 2022 19 TO 21 4 ROOM 106 sqm $720,000 $6,792
Nov 2021 10 TO 12 5 ROOM 127 sqm $750,000 $5,906
May 2021 01 TO 03 4 ROOM 106 sqm $515,000 $4,858
Mar 2021 13 TO 15 4 ROOM 106 sqm $600,000 $5,660
Sep 2020 04 TO 06 4 ROOM 106 sqm $580,000 $5,472
Jul 2020 13 TO 15 4 ROOM 107 sqm $576,000 $5,383
Jul 2020 16 TO 18 5 ROOM 127 sqm $700,000 $5,512
Mar 2020 16 TO 18 4 ROOM 106 sqm $596,000 $5,623
Aug 2019 04 TO 06 4 ROOM 107 sqm $550,000 $5,140
Aug 2018 01 TO 03 4 ROOM 107 sqm $525,000 $4,907
Aug 2018 04 TO 06 5 ROOM 127 sqm $632,800 $4,983
Sep 2017 19 TO 21 5 ROOM 127 sqm $665,000 $5,236
Showing 19 of 19 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 28 Balam Road

Resale prices at Block 28 Balam Road in Geylang have risen sharply, up about 39.3% over the past five years. Its median runs about 47% above the Geylang median, ahead of around 79% of the town's blocks. It has a relatively light resale record, with 19 transactions since 2017 across 4 room, 5 room flats priced from $515,000 to $985,000. The most recent transaction was a 4 room flat on storeys 04 TO 06 at $855,000 in Mar 2026, and the median works out to $5,660/sqm. On Bala's Table, the SLA's leasehold valuation model, its relativity ratio works out to 0.9113, equivalent to roughly 0.34% of lease-value decay a year. All transaction data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 28 Balam Road worth?

The most recent resale transaction at Block 28 Balam Road was $855,000 for a 4 room flat in 2026-03. The median price per square metre across all flat types is $5,660, based on 19 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 28 Balam Road?

Block 28 Balam Road was built in 1997 and has approximately 70 years and 5 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.34%, meaning the leasehold value decreases by approximately 0.34% per year at the current remaining lease.

What flat types are available at Block 28 Balam Road?

Block 28 Balam Road in Geylang contains 4 room, 5 room flats. Resale prices range from $515,000 to $985,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 28 Balam Road gone up or down?

Resale prices at Block 28 Balam Road have increased by approximately 39.3% over the past five years. The current median price is $700,000, with the most recent sale at $855,000 in 2026-03.

Link copied to clipboard