Block 28 Jalan Bukit Merah

2 Room · 3 Room · Built 1967 · 40 years remaining lease MOP Cleared
Latest Sale
$322,000
Mar 2026 · 3 ROOM · #01-03
Median $/sqm
$5,167
Based on 47 transactions
Total Transactions
47
Since Jan 2017
5-Year Trend
▲ +25.7%
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 40 years remaining 99 years
40 years 4 months
Remaining lease
↓ 1.16%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 40 years remaining, decay is accelerating (~1.16%/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
Mar 2026 01 TO 03 3 ROOM 60 sqm $322,000 $5,367
Mar 2026 10 TO 12 3 ROOM 60 sqm $330,000 $5,500
Feb 2026 04 TO 06 2 ROOM 47 sqm $255,000 $5,426
Feb 2026 13 TO 15 3 ROOM 60 sqm $325,000 $5,417
Dec 2025 07 TO 09 2 ROOM 47 sqm $280,000 $5,957
Sep 2025 10 TO 12 3 ROOM 60 sqm $350,000 $5,833
Sep 2025 07 TO 09 3 ROOM 60 sqm $330,000 $5,500
Aug 2025 10 TO 12 3 ROOM 60 sqm $343,888 $5,731
May 2025 07 TO 09 3 ROOM 60 sqm $376,000 $6,267
Nov 2024 01 TO 03 2 ROOM 47 sqm $300,000 $6,383
Oct 2024 07 TO 09 2 ROOM 47 sqm $310,000 $6,596
Oct 2024 04 TO 06 3 ROOM 60 sqm $364,000 $6,067
May 2024 04 TO 06 3 ROOM 60 sqm $310,000 $5,167
Apr 2024 01 TO 03 2 ROOM 47 sqm $270,000 $5,745
Feb 2024 13 TO 15 3 ROOM 60 sqm $305,000 $5,083
Feb 2024 07 TO 09 3 ROOM 60 sqm $307,500 $5,125
Jan 2024 07 TO 09 3 ROOM 60 sqm $315,000 $5,250
Oct 2023 13 TO 15 2 ROOM 47 sqm $300,000 $6,383
Aug 2023 01 TO 03 2 ROOM 47 sqm $290,000 $6,170
Aug 2023 10 TO 12 2 ROOM 47 sqm $290,000 $6,170
Showing 20 of 47 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 28 Jalan Bukit Merah

Block 28 at Jalan Bukit Merah is a residential HDB block in Bukit Merah, Singapore, built in 1967 with approximately 40 years remaining on its 99-year lease. The block contains 2 room, 3 room flats, with resale prices ranging from $180,000 to $376,000 based on 47 recorded transactions since January 2017. The most recent transaction was a 3 room flat on storeys 01 TO 03 sold for $322,000 in 2026-03. The current median price per square metre is $5,167. Over the past five years, resale prices at this block have increased by approximately 25.7%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.7503, with an annual lease decay rate of approximately 1.16%. 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 Jalan Bukit Merah worth?

The most recent resale transaction at Block 28 Jalan Bukit Merah was $322,000 for a 3 room flat in 2026-03. The median price per square metre across all flat types is $5,167, based on 47 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 28 Jalan Bukit Merah?

Block 28 Jalan Bukit Merah was built in 1967 and has approximately 40 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 1.16%, meaning the leasehold value decreases by approximately 1.16% per year at the current remaining lease.

What flat types are available at Block 28 Jalan Bukit Merah?

Block 28 Jalan Bukit Merah in Bukit Merah contains 2 room, 3 room flats. Resale prices range from $180,000 to $376,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 28 Jalan Bukit Merah gone up or down?

Resale prices at Block 28 Jalan Bukit Merah have increased by approximately 25.7% over the past five years. The current median price is $290,000, with the most recent sale at $322,000 in 2026-03.

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