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Block 138 Jalan Bukit Merah

3 Room · 5 Room · Built 1983 · 56 years remaining lease MOP Cleared
Latest Sale
$400,000
May 2026 · 3 ROOM · Floor 01-03
Median $/sqm
$5,127
Based on 16 transactions
Total Transactions
16
Since Jan 2017
5-Year Trend
▲ +31.9%
Median price change
Median Price ?
Top 92%
#332 / 360 Top 92%
Latest Sale ?
Top 86%
#310 / 360 Top 86%
Value ($/sqm) ?
Top 91%
#327 / 360 Top 91%
5-Year Growth ?
Top 24%
#67 / 278 Top 24%
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
--
Future Value Projection
Market Appreciation
+5.7%/yr
vs
Lease Decay
−0.59%/yr
Growth assumption
Based on this block’s +31.9% 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 56 years remaining 99 years
56 years 4 months
Remaining lease
↓ 0.59%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 56 years remaining, decay is gradual (~0.59%/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
May 2026 01 TO 03 3 ROOM 59 sqm $400,000 $6,780
Apr 2025 07 TO 09 3 ROOM 59 sqm $398,000 $6,746
Oct 2024 07 TO 09 3 ROOM 59 sqm $375,000 $6,356
Mar 2024 04 TO 06 5 ROOM 118 sqm $720,000 $6,102
Dec 2022 01 TO 03 3 ROOM 59 sqm $330,000 $5,593
Aug 2022 01 TO 03 3 ROOM 59 sqm $328,000 $5,559
Jun 2022 04 TO 06 3 ROOM 59 sqm $321,888 $5,456
Aug 2021 04 TO 06 3 ROOM 68 sqm $310,000 $4,559
Jul 2021 07 TO 09 3 ROOM 59 sqm $295,000 $5,000
Jul 2020 01 TO 03 3 ROOM 59 sqm $272,000 $4,610
Jul 2020 04 TO 06 3 ROOM 59 sqm $255,000 $4,322
May 2019 01 TO 03 3 ROOM 59 sqm $290,000 $4,915
May 2019 10 TO 12 3 ROOM 68 sqm $300,000 $4,412
Nov 2018 04 TO 06 3 ROOM 68 sqm $340,000 $5,000
Apr 2017 07 TO 09 3 ROOM 68 sqm $295,000 $4,338
Mar 2017 07 TO 09 3 ROOM 59 sqm $310,000 $5,254
Showing 16 of 16 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 138 Jalan Bukit Merah

Block 138 at Jalan Bukit Merah is a residential HDB block in Bukit Merah, Singapore, built in 1983 with approximately 56 years remaining on its 99-year lease. The block contains 3 room, 5 room flats, with resale prices ranging from $255,000 to $720,000 based on 16 recorded transactions since January 2017. The most recent transaction was a 3 room flat on storeys 01 TO 03 sold for $400,000 in 2026-05. The current median price per square metre is $5,127. Over the past five years, resale prices at this block have increased by approximately 31.9%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8560, with an annual lease decay rate of approximately 0.59%. 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 138 Jalan Bukit Merah worth?

The most recent resale transaction at Block 138 Jalan Bukit Merah was $400,000 for a 3 room flat in 2026-05. The median price per square metre across all flat types is $5,127, based on 16 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 138 Jalan Bukit Merah?

Block 138 Jalan Bukit Merah was built in 1983 and has approximately 56 years and 4 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.59%, meaning the leasehold value decreases by approximately 0.59% per year at the current remaining lease.

What flat types are available at Block 138 Jalan Bukit Merah?

Block 138 Jalan Bukit Merah in Bukit Merah contains 3 room, 5 room flats. Resale prices range from $255,000 to $720,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 138 Jalan Bukit Merah gone up or down?

Resale prices at Block 138 Jalan Bukit Merah have increased by approximately 31.9% over the past five years. The current median price is $315,944, with the most recent sale at $400,000 in 2026-05.

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