Blk 116 Bukit Merah Central — HDB resale prices
HDB resale prices, Bukit Merah · 5-Room · built 1977
median resale price, last 24 months
3 sales in that window · as of Sep 2026
How it compares
Blk 116 Bukit Merah Central is an HDB block in Bukit Merah (completed in 1977, 25 storeys, 96 units). As of Sep 2026, its median resale price over the last 24 months is $688,000, about 13% below the Bukit Merah median, from 3 sales. 96 resale transactions have been recorded here since 1990.
Price by year
At a glance
Unit mix (sold): 5-room ×96
Prices by flat type — last 24 months (as of Sep 2026)
Median monthly rent at this block: $4,000/mo (3 rental contracts, last 12 months).
Estimated gross rental yield: ~7.0% (Bukit Merah average: ~5.3%) — annual median rent over median resale price, before taxes, fees and vacancy.
On price per square metre, this block is cheaper than 92% of Bukit Merah blocks with recent sales.
What the price model says
For a typical 5-room flat here, our price model estimates $718,523–$803,287 (central estimate $760,905). Recent sales — median $714,393 — sit below that range. The model explains 94% of resale prices with a typical error of ±6%. Indicative only — not an official valuation.
Median resale price by year
| Year | Median (nominal) | Median (today's $) | Sales |
|---|---|---|---|
| 1990 | $173,500 | $324,811 | 2 |
| 1991 | $180,000 | $325,774 | 5 |
| 1992 | $190,000 | $336,326 | 3 |
| 1993 | $292,500 | $506,168 | 2 |
| 1994 | $390,000 | $654,637 | 1 |
| 1995 | $354,500 | $584,957 | 4 |
| 1996 | $500,000 | $813,813 | 8 |
| 1997 | $473,500 | $755,400 | 2 |
| 1998 | $414,000 | $662,278 | 6 |
| 1999 | $398,500 | $637,331 | 10 |
| 2000 | $431,000 | $680,135 | 7 |
| 2001 | $420,000 | $656,127 | 1 |
| 2002 | $399,500 | $626,556 | 4 |
| 2003 | $390,144 | $608,911 | 2 |
| 2004 | $320,000 | $491,221 | 1 |
| 2005 | $350,000 | $534,743 | 1 |
| 2006 | $350,000 | $529,627 | 1 |
| 2007 | $455,000 | $674,287 | 3 |
| 2008 | $510,000 | $708,764 | 3 |
| 2009 | $528,000 | $729,489 | 2 |
| 2010 | $600,000 | $806,160 | 6 |
| 2015 | $675,000 | $800,855 | 3 |
| 2016 | $650,000 | $775,296 | 1 |
| 2018 | $628,000 | $741,508 | 3 |
| 2019 | $610,000 | $716,190 | 3 |
| 2020 | $523,888 | $616,149 | 1 |
| 2021 | $622,500 | $715,555 | 4 |
| 2022 | $700,000 | $758,156 | 2 |
| 2024 | $694,000 | $700,267 | 2 |
| 2025 | $703,000 | $703,000 | 2 |
| 2026 | $610,000 | $610,000 | 1 |
Records
| Record sale | $725,000 (5-Room, 2022-06) |
|---|---|
| First recorded sale | $202,000 (1990-08) |
| Busiest year | 1999 · 10 sales |
| 10-year change (real) | -21% (-2.4%/yr, 2016→2026) |
| Total transacted | $44.0M across 96 sales |
Recent resale transactions
| Month | Flat type | Storey | Area | Price |
|---|---|---|---|---|
| 2026-07 | 5-Room | 16–18 | 117 m² | $610,000 |
| 2025-04 | 5-Room | 19–21 | 117 m² | $718,000 |
| 2025-01 | 5-Room | 07–09 | 117 m² | $688,000 |
| 2024-04 | 5-Room | 16–18 | 117 m² | $708,000 |
| 2024-01 | 5-Room | 13–15 | 117 m² | $680,000 |
| 2022-06 | 5-Room | 25–27 | 117 m² | $725,000 |
| 2022-02 | 5-Room | 19–21 | 117 m² | $675,000 |
| 2021-09 | 5-Room | 13–15 | 117 m² | $638,000 |
| 2021-07 | 5-Room | 01–03 | 117 m² | $520,000 |
| 2021-01 | 5-Room | 22–24 | 117 m² | $625,000 |
| 2021-01 | 5-Room | 16–18 | 117 m² | $620,000 |
| 2020-08 | 5-Room | 04–06 | 121 m² | $523,888 |
| 2019-09 | 5-Room | 16–18 | 117 m² | $610,000 |
| 2019-05 | 5-Room | 16–18 | 117 m² | $560,000 |
| 2019-01 | 5-Room | 19–21 | 121 m² | $615,000 |
| 2018-11 | 5-Room | 04–06 | 117 m² | $500,000 |
| 2018-07 | 5-Room | 22–24 | 117 m² | $628,000 |
| 2018-04 | 5-Room | 22–24 | 117 m² | $632,000 |
| 2016-07 | 5-Room | 13–15 | 117 m² | $650,000 |
| 2015-08 | 5-Room | 04–06 | 117 m² | $660,000 |
Bukit Merah Central blocks ranked by price
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Quick answers
How much does a flat at Blk 116 Bukit Merah Central cost?
The median resale price over the last 24 months is $688,000 (3 sales, as of Sep 2026). See the by-type table above for 3-room vs 4-room medians.
Is Blk 116 Bukit Merah Central fairly priced?
For a typical 5-room flat here, our price model estimates $718,523–$803,287 (central estimate $760,905). Recent sales — median $714,393 — sit below that range.
What is the rent at Blk 116 Bukit Merah Central?
The median monthly rent is $4,000/mo over the last 12 months (3 contracts).
How old is Blk 116 Bukit Merah Central?
The block was completed in 1977 and its 99-year lease runs from 1977.