Block 124B Bukit Merah View

4 Room · 5 Room · Built 1996 · 71 years remaining lease MOP Cleared
Latest Sale
$1,090,000
Oct 2023 · 5 ROOM · #07-09
Median $/sqm
$6,686
Based on 10 transactions
Total Transactions
10
Since Jan 2017
5-Year Trend
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Insufficient data
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
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Future Value Projection
Estimated value in --
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Based on Bala's Table (SLA leasehold valuation model) with 3% annual market appreciation. Lease decay is non-linear and accelerates as remaining lease shortens. Not financial advice.
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Lease Decay Projection
0 years 71 years remaining 99 years
71 years 11 months
Remaining lease
↓ 0.32%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 71 years remaining, decay is gradual (~0.32%/yr). It accelerates significantly below 40 years. Market appreciation (historically 2-4%/yr) currently outpaces lease decay for this block.
All Transactions
Date Floor Type Area Price $/sqm
Oct 2023 07 TO 09 5 ROOM 133 sqm $1,090,000 $8,195
Aug 2023 01 TO 03 4 ROOM 108 sqm $750,000 $6,944
Aug 2022 04 TO 06 4 ROOM 109 sqm $770,000 $7,064
Apr 2022 01 TO 03 4 ROOM 109 sqm $680,888 $6,247
Nov 2021 07 TO 09 4 ROOM 107 sqm $715,000 $6,682
Jan 2021 01 TO 03 5 ROOM 132 sqm $860,000 $6,515
Aug 2020 10 TO 12 4 ROOM 107 sqm $703,888 $6,578
Nov 2019 16 TO 18 4 ROOM 107 sqm $715,888 $6,691
Jul 2019 07 TO 09 5 ROOM 133 sqm $890,000 $6,692
Jan 2019 07 TO 09 5 ROOM 132 sqm $830,000 $6,288
Showing 10 of 10 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 124B Bukit Merah View

Block 124B at Bukit Merah View is a residential HDB block in Bukit Merah, Singapore, built in 1996 with approximately 71 years remaining on its 99-year lease. The block contains 4 room, 5 room flats, with resale prices ranging from $680,888 to $1,090,000 based on 10 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 07 TO 09 sold for $1,090,000 in 2023-10. The current median price per square metre is $6,686. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9158, with an annual lease decay rate of approximately 0.32%. All transaction data is sourced from Singapore's data.gov.sg open data platform and is updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 124B Bukit Merah View worth?

The most recent resale transaction at Block 124B Bukit Merah View was $1,090,000 for a 5 room flat in 2023-10. The median price per square metre across all flat types is $6,686, based on 10 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 124B Bukit Merah View?

Block 124B Bukit Merah View was built in 1996 and has approximately 71 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 0.32%, meaning the leasehold value decreases by approximately 0.32% per year at the current remaining lease.

What flat types are available at Block 124B Bukit Merah View?

Block 124B Bukit Merah View in Bukit Merah contains 4 room, 5 room flats. Resale prices range from $680,888 to $1,090,000 based on historical transaction records from data.gov.sg.

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