Blk 28 Hoy Fatt Rd is an HDB block in Bukit Merah (completed in 1967, 16 storeys, 148 units). As of Jul 2026, its median resale price over the last 24 months is $300,000, about 65% below the Bukit Merah median, from 7 sales. 195 resale transactions have been recorded here since 1990.
Explore this block on the interactive map →| Town | Bukit Merah |
|---|---|
| Completed | 1967 |
| Lease from | 1967 |
| Storeys | 16 |
| Dwelling units | 148 |
| Unit mix (sold) | 2-room ×28 · 3-room ×117 · 4-room ×2 |
| Recorded resales | 195 since 1990 |
| Flat type | Median price | Median $/m² | Sales |
|---|---|---|---|
| 2-Room | $287,500 | $6,117/m² | 4 |
| 3-Room | $356,000 | $5,933/m² | 3 |
Median monthly rent at this block: $2,500/mo (7 rental contracts, last 12 months).
Estimated gross rental yield: ~10.0% (Bukit Merah average: ~5.2%) — annual median rent over median resale price, before taxes, fees and vacancy.
On price per square metre, this block is cheaper than 88% of Bukit Merah blocks with recent sales.
For a typical 3-room flat here, our price model estimates $300,571–$336,232 (central estimate $318,402). Recent sales — median $339,962 — sit above that range. The model explains 94% of resale prices with a typical error of ±6%. Indicative only — not an official valuation.
| Year | Median (nominal) | Median (today's $) | Sales |
|---|---|---|---|
| 1990 | $26,500 | $49,611 | 3 |
| 1991 | $27,500 | $49,771 | 6 |
| 1992 | $26,250 | $46,466 | 4 |
| 1993 | $62,000 | $107,290 | 4 |
| 1994 | $60,000 | $100,713 | 6 |
| 1995 | $75,000 | $123,757 | 8 |
| 1996 | $118,500 | $192,874 | 8 |
| 1997 | $136,000 | $216,968 | 8 |
| 1998 | $108,250 | $173,168 | 8 |
| 1999 | $104,250 | $166,730 | 4 |
| 2000 | $117,500 | $185,420 | 12 |
| 2001 | $106,000 | $165,594 | 7 |
| 2002 | $112,500 | $176,439 | 4 |
| 2003 | $114,500 | $178,704 | 6 |
| 2004 | $100,000 | $153,507 | 9 |
| 2005 | $165,000 | $252,093 | 7 |
| 2006 | $165,000 | $249,681 | 4 |
| 2007 | $199,500 | $295,649 | 4 |
| 2008 | $217,500 | $302,267 | 6 |
| 2009 | $225,000 | $310,862 | 5 |
| 2010 | $269,000 | $361,428 | 12 |
| 2011 | $304,500 | $388,712 | 6 |
| 2013 | $343,000 | $409,011 | 4 |
| 2014 | $315,500 | $372,368 | 8 |
| 2015 | $308,000 | $365,427 | 5 |
| 2016 | $310,000 | $369,757 | 3 |
| 2017 | $319,750 | $379,199 | 2 |
| 2018 | $280,000 | $330,609 | 7 |
| 2019 | $250,000 | $293,521 | 1 |
| 2020 | $245,000 | $288,146 | 6 |
| 2021 | $241,444 | $277,536 | 2 |
| 2022 | $270,000 | $292,432 | 5 |
| 2023 | $306,500 | $316,659 | 4 |
| 2024 | $316,500 | $319,358 | 2 |
| 2025 | $328,000 | $328,000 | 4 |
| 2026 | $260,000 | $260,000 | 1 |
| Record sale | $568,000 (4-Room, 2014-10) |
|---|---|
| First recorded sale | $32,000 (1990-01) |
| Busiest year | 2000 · 12 sales |
| 10-year change (real) | -30% (-3.5%/yr, 2016→2026) |
| Total transacted | $34.8M across 195 sales |
| Month | Flat type | Storey | Area (m²) | Price |
|---|---|---|---|---|
| 2026-03 | 2-Room | 13 TO 15 | 47 | $260,000 |
| 2025-06 | 3-Room | 07 TO 09 | 60 | $356,000 |
| 2025-04 | 2-Room | 07 TO 09 | 47 | $280,000 |
| 2025-02 | 3-Room | 13 TO 15 | 60 | $372,000 |
| 2025-01 | 2-Room | 10 TO 12 | 47 | $300,000 |
| 2024-11 | 2-Room | 07 TO 09 | 47 | $295,000 |
| 2024-08 | 3-Room | 16 TO 18 | 60 | $338,000 |
| 2023-12 | 3-Room | 10 TO 12 | 60 | $348,000 |
| 2023-08 | 2-Room | 10 TO 12 | 47 | $280,000 |
| 2023-04 | 3-Room | 01 TO 03 | 60 | $285,000 |
| 2023-02 | 3-Room | 13 TO 15 | 60 | $328,000 |
| 2022-12 | 3-Room | 07 TO 09 | 60 | $305,000 |
| 2022-11 | 2-Room | 07 TO 09 | 47 | $270,000 |
| 2022-10 | 3-Room | 04 TO 06 | 60 | $333,000 |
| 2022-09 | 3-Room | 04 TO 06 | 60 | $270,000 |
| 2022-07 | 2-Room | 10 TO 12 | 47 | $230,000 |
| 2021-10 | 3-Room | 16 TO 18 | 60 | $262,888 |
| 2021-04 | 2-Room | 04 TO 06 | 47 | $220,000 |
| 2020-10 | 3-Room | 07 TO 09 | 60 | $245,000 |
| 2020-09 | 3-Room | 16 TO 18 | 60 | $248,000 |
| Block | Median (24 mo) | Median $/m² |
|---|---|---|
| 1. Blk 49 | $702,500 | $6,834/m² |
| 2. Blk 50 | $622,500 | $7,411/m² |
| 3. Blk 28 | $300,000 | $5,957/m² |
The median resale price over the last 24 months is $300,000 (7 sales, as of Jul 2026). See the by-type table above for 3-room vs 4-room medians.
For a typical 3-room flat here, our price model estimates $300,571–$336,232 (central estimate $318,402). Recent sales — median $339,962 — sit above that range.
The median monthly rent is $2,500/mo over the last 12 months (7 contracts).
The block was completed in 1967 and its 99-year lease runs from 1967.