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Block 28 Jalan Bukit Merah

2 Room · 3 Room · Built 1967 · 40 years remaining lease · Updated Mar 2026 MOP Cleared

Block 28 Jalan Bukit Merah has 47 recorded HDB resale transactions since 2017. Latest sale: $322,000 (Mar 2026, 3 room, floors 01–03). Median $5,167/sqm. Prices up 25.7% over the past five years. Built 1967, 40 years lease remaining.

How this block compares

  • 2 Room$267,500
    −7.8%vs town(−$23k)−28.7%vs national(−$108k)
  • 3 Room$330,000
    −23.3%vs town(−$100k)−25.8%vs national(−$115k)

Median of resales in the 12 months to Jul 2026, compared with town and Singapore medians on the same basis. Flat types with fewer than two sales in the window are omitted.

Latest Sale
$322,000
Mar 2026 · 3 ROOM · Floor 01-03
Median $/sqm
$5,167
Based on 47 transactions
Total Transactions
47
Since Jan 2017
5-Year Trend
▲ +25.7%
Median price change
Median Price ?
Top 97%
#349 / 360 Top 97%
Latest Sale ?
Top 94%
#338 / 360 Top 94%
Value ($/sqm) ?
Top 90%
#324 / 360 Top 90%
5-Year Growth ?
Top 44%
#126 / 286 Top 44%
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
+4.7%/yr
vs
Lease Decay
−1.16%/yr
Growth assumption
Based on this block’s +25.7% 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 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.
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
2-Room $2,450 typically $2,200–$2,650 10.1% Bukit Merah avg · block too thin
3-Room $3,000 typically $2,700–$3,300 8.3% 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 28 Jalan Bukit Merah 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
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 Jalan Bukit Merah is an ageing-lease HDB block in Bukit Merah, built in 1967 with about 40 years left on its 99-year lease, so remaining lease is the dominant price factor here. Its median sits about 55% below the Bukit Merah median, cheaper than about 96% of the town's blocks. It has a regular flow of resale activity, with 47 transactions since 2017 across 2 room, 3 room flats priced from $180,000 to $376,000. The most recent transaction was a 3 room flat on storeys 01 TO 03 at $322,000 in Mar 2026, and the median works out to $5,167/sqm. Over five years, prices here are up about 25.7%. All transaction data is sourced from data.gov.sg and 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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