Block 28 Hoy Fatt Road

2 Room · 3 Room · Built 1967 · 41 years remaining lease MOP Cleared
Latest Sale
$356,000
Jun 2025 · 3 ROOM · #07-09
Median $/sqm
$5,000
Based on 33 transactions
Total Transactions
33
Since Jan 2017
5-Year Trend
▲ +35.8%
Median price change
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 41 years remaining 99 years
41 years 1 months
Remaining lease
↓ 1.13%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 41 years remaining, decay is accelerating (~1.13%/yr). It accelerates significantly below 40 years. Lease decay is approaching the rate where it offsets market appreciation.
All Transactions
Date Floor Type Area Price $/sqm
Jun 2025 07 TO 09 3 ROOM 60 sqm $356,000 $5,933
Apr 2025 07 TO 09 2 ROOM 47 sqm $280,000 $5,957
Feb 2025 13 TO 15 3 ROOM 60 sqm $372,000 $6,200
Jan 2025 10 TO 12 2 ROOM 47 sqm $300,000 $6,383
Nov 2024 07 TO 09 2 ROOM 47 sqm $295,000 $6,277
Aug 2024 16 TO 18 3 ROOM 60 sqm $338,000 $5,633
Dec 2023 10 TO 12 3 ROOM 60 sqm $348,000 $5,800
Aug 2023 10 TO 12 2 ROOM 47 sqm $280,000 $5,957
Apr 2023 01 TO 03 3 ROOM 60 sqm $285,000 $4,750
Feb 2023 13 TO 15 3 ROOM 60 sqm $328,000 $5,467
Dec 2022 07 TO 09 3 ROOM 60 sqm $305,000 $5,083
Nov 2022 07 TO 09 2 ROOM 47 sqm $270,000 $5,745
Oct 2022 04 TO 06 3 ROOM 60 sqm $333,000 $5,550
Sep 2022 04 TO 06 3 ROOM 60 sqm $270,000 $4,500
Jul 2022 10 TO 12 2 ROOM 47 sqm $230,000 $4,894
Oct 2021 16 TO 18 3 ROOM 60 sqm $262,888 $4,381
Apr 2021 04 TO 06 2 ROOM 47 sqm $220,000 $4,681
Oct 2020 07 TO 09 3 ROOM 60 sqm $245,000 $4,083
Sep 2020 16 TO 18 3 ROOM 60 sqm $248,000 $4,133
Aug 2020 13 TO 15 3 ROOM 60 sqm $230,000 $3,833
Showing 20 of 33 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 28 Hoy Fatt Road

Block 28 at Hoy Fatt Road is a residential HDB block in Bukit Merah, Singapore, built in 1967 with approximately 41 years remaining on its 99-year lease. The block contains 2 room, 3 room flats, with resale prices ranging from $200,000 to $372,000 based on 33 recorded transactions since January 2017. The most recent transaction was a 3 room flat on storeys 07 TO 09 sold for $356,000 in 2025-06. The current median price per square metre is $5,000. Over the past five years, resale prices at this block have increased by approximately 35.8%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.7567, with an annual lease decay rate of approximately 1.13%. 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 28 Hoy Fatt Road worth?

The most recent resale transaction at Block 28 Hoy Fatt Road was $356,000 for a 3 room flat in 2025-06. The median price per square metre across all flat types is $5,000, based on 33 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 28 Hoy Fatt Road?

Block 28 Hoy Fatt Road was built in 1967 and has approximately 41 years and 1 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 1.13%, meaning the leasehold value decreases by approximately 1.13% per year at the current remaining lease.

What flat types are available at Block 28 Hoy Fatt Road?

Block 28 Hoy Fatt Road in Bukit Merah contains 2 room, 3 room flats. Resale prices range from $200,000 to $372,000 based on historical transaction records from data.gov.sg.

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

Resale prices at Block 28 Hoy Fatt Road have increased by approximately 35.8% over the past five years. The current median price is $280,000, with the most recent sale at $356,000 in 2025-06.

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