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Block 115 Bukit Merah Central

5 Room · Built 1977 · 50 years remaining lease · Updated Jan 2026 MOP Cleared

Block 115 Bukit Merah Central has 17 recorded HDB resale transactions since 2017. Latest sale: $694,388 (Jan 2026, 5 room, floors 07–09). Median $5,470/sqm. Prices up 21.4% over the past five years. Built 1977, 50 years lease remaining.

Latest Sale
$694,388
Jan 2026 · 5 ROOM · Floor 07-09
Median $/sqm
$5,470
Based on 17 transactions
Total Transactions
17
Since Jan 2017
5-Year Trend
▲ +21.4%
Median price change
Median Price ?
Top 51%
#184 / 360 Top 51%
Latest Sale ?
Top 56%
#202 / 360 Top 56%
Value ($/sqm) ?
Top 77%
#276 / 360 Top 77%
5-Year Growth ?
Top 63%
#180 / 286 Top 63%
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
+4%/yr
vs
Lease Decay
−0.73%/yr
Growth assumption
Based on this block’s +21.4% 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 50 years remaining 99 years
50 years 11 months
Remaining lease
↓ 0.73%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 50 years remaining, decay is gradual (~0.73%/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 Bukit Merah average.

Flat type Median rent /mo Gross yield Based on
5-Room $4,250 typically $4,000–$4,500 4.7% Bukit Merah 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).
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 115 Bukit Merah Central in Bukit Merah, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.

See all HDB blocks in Bukit Merah
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
Jan 2026 07 TO 09 5 ROOM 117 sqm $694,388 $5,935
May 2025 16 TO 18 5 ROOM 117 sqm $685,000 $5,855
Dec 2024 10 TO 12 5 ROOM 117 sqm $670,000 $5,726
May 2024 04 TO 06 5 ROOM 117 sqm $655,000 $5,598
Jan 2024 22 TO 24 5 ROOM 117 sqm $720,000 $6,154
Aug 2023 13 TO 15 5 ROOM 117 sqm $715,000 $6,111
Jul 2022 22 TO 24 5 ROOM 117 sqm $700,000 $5,983
May 2022 13 TO 15 5 ROOM 117 sqm $660,000 $5,641
Feb 2021 07 TO 09 5 ROOM 117 sqm $568,000 $4,855
Dec 2020 07 TO 09 5 ROOM 121 sqm $573,000 $4,736
Nov 2020 04 TO 06 5 ROOM 117 sqm $560,000 $4,786
May 2020 07 TO 09 5 ROOM 117 sqm $570,000 $4,872
Nov 2019 16 TO 18 5 ROOM 117 sqm $600,000 $5,128
May 2019 22 TO 24 5 ROOM 117 sqm $590,000 $5,043
Dec 2018 19 TO 21 5 ROOM 117 sqm $600,000 $5,128
Jun 2017 01 TO 03 5 ROOM 117 sqm $618,000 $5,282
Apr 2017 13 TO 15 5 ROOM 117 sqm $640,000 $5,470
Showing 17 of 17 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 115 Bukit Merah Central

Block 115 Bukit Merah Central is an ageing-lease HDB block in Bukit Merah, built in 1977 with about 50 years left on its 99-year lease, so remaining lease is the dominant price factor here. At $640,000, its median sits roughly in line with the Bukit Merah town median. It has a relatively light resale record, with 17 transactions since 2017 across 5 room flats priced from $560,000 to $720,000. The most recent transaction was a 5 room flat on storeys 07 TO 09 at $694,388 in Jan 2026, and the median works out to $5,470/sqm. Floor level matters here: units on the higher 22 TO 24 band have sold around 22% above those on the 07 TO 09 band. Over five years, prices here are up about 21.4%. All transaction data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 115 Bukit Merah Central worth?

The most recent resale transaction at Block 115 Bukit Merah Central was $694,388 for a 5 room flat in 2026-01. The median price per square metre across all flat types is $5,470, based on 17 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 115 Bukit Merah Central?

Block 115 Bukit Merah Central was built in 1977 and has approximately 50 years and 11 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.73%, meaning the leasehold value decreases by approximately 0.73% per year at the current remaining lease.

What flat types are available at Block 115 Bukit Merah Central?

Block 115 Bukit Merah Central in Bukit Merah contains 5 room flats. Resale prices range from $560,000 to $720,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 115 Bukit Merah Central gone up or down?

Resale prices at Block 115 Bukit Merah Central have increased by approximately 21.4% over the past five years. The current median price is $640,000, with the most recent sale at $694,388 in 2026-01.

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