Blk 28 Jalan Bukit Merah — HDB resale prices
HDB resale prices, Bukit Merah · 2-Room, 3-Room · built 1967
median resale price, last 24 months
12 sales in that window · as of Sep 2026
How it compares
Blk 28 Jalan Bukit Merah is an HDB block in Bukit Merah (completed in 1967, 16 storeys, 206 units). As of Sep 2026, its median resale price over the last 24 months is $325,000, about 59% below the Bukit Merah median, from 12 sales. 249 resale transactions have been recorded here since 1990.
Price by year
At a glance
Unit mix (sold): 2-room ×58 · 3-room ×142 · 4-room ×4
Prices by flat type — last 24 months (as of Sep 2026)
Median monthly rent at this block: $2,950/mo (4 rental contracts, last 12 months).
Estimated gross rental yield: ~10.9% (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 96% of Bukit Merah blocks with recent sales.
What the price model says
For a typical 3-room flat here, our price model estimates $303,160–$338,924 (central estimate $321,042). Recent sales — median $330,000 — sit within 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 | $21,500 | $40,250 | 4 |
| 1991 | $30,000 | $54,296 | 6 |
| 1992 | $30,000 | $53,104 | 5 |
| 1993 | $40,000 | $69,220 | 7 |
| 1994 | $75,000 | $125,892 | 6 |
| 1995 | $65,500 | $108,081 | 9 |
| 1996 | $136,500 | $222,171 | 9 |
| 1997 | $160,000 | $255,257 | 7 |
| 1998 | $89,500 | $143,174 | 11 |
| 1999 | $77,100 | $123,308 | 14 |
| 2000 | $119,000 | $187,787 | 9 |
| 2001 | $106,500 | $166,375 | 18 |
| 2002 | $97,000 | $152,130 | 6 |
| 2003 | $123,000 | $191,970 | 6 |
| 2004 | $141,500 | $217,212 | 10 |
| 2005 | $168,000 | $256,677 | 7 |
| 2006 | $159,500 | $241,359 | 10 |
| 2007 | $171,000 | $253,413 | 5 |
| 2008 | $219,000 | $304,352 | 9 |
| 2009 | $231,500 | $319,842 | 10 |
| 2010 | $291,500 | $391,659 | 8 |
| 2011 | $272,500 | $347,862 | 6 |
| 2012 | $322,000 | $393,046 | 7 |
| 2013 | $296,000 | $352,966 | 1 |
| 2014 | $316,500 | $373,549 | 6 |
| 2015 | $270,000 | $320,342 | 3 |
| 2016 | $260,000 | $310,118 | 1 |
| 2017 | $295,000 | $349,847 | 3 |
| 2019 | $240,000 | $281,780 | 9 |
| 2020 | $187,500 | $220,520 | 2 |
| 2021 | $262,500 | $301,740 | 6 |
| 2022 | $320,000 | $346,586 | 4 |
| 2023 | $295,000 | $304,777 | 6 |
| 2024 | $308,750 | $311,538 | 8 |
| 2025 | $343,888 | $343,888 | 5 |
| 2026 | $323,500 | $323,500 | 6 |
Records
| Record sale | $520,000 (4-Room, 2010-04) |
|---|---|
| First recorded sale | $25,000 (1990-01) |
| Busiest year | 2001 · 18 sales |
| 10-year change (real) | +4% (+0.4%/yr, 2016→2026) |
| Total transacted | $43.2M across 249 sales |
Recent resale transactions
| Month | Flat type | Storey | Area | Price |
|---|---|---|---|---|
| 2026-08 | 3-Room | 10–12 | 60 m² | $325,000 |
| 2026-07 | 2-Room | 10–12 | 47 m² | $310,000 |
| 2026-03 | 3-Room | 10–12 | 60 m² | $330,000 |
| 2026-03 | 3-Room | 01–03 | 60 m² | $322,000 |
| 2026-02 | 3-Room | 13–15 | 60 m² | $325,000 |
| 2026-02 | 2-Room | 04–06 | 47 m² | $255,000 |
| 2025-12 | 2-Room | 07–09 | 47 m² | $280,000 |
| 2025-09 | 3-Room | 10–12 | 60 m² | $350,000 |
| 2025-09 | 3-Room | 07–09 | 60 m² | $330,000 |
| 2025-08 | 3-Room | 10–12 | 60 m² | $343,888 |
| 2025-05 | 3-Room | 07–09 | 60 m² | $376,000 |
| 2024-11 | 2-Room | 01–03 | 47 m² | $300,000 |
| 2024-10 | 3-Room | 04–06 | 60 m² | $364,000 |
| 2024-10 | 2-Room | 07–09 | 47 m² | $310,000 |
| 2024-05 | 3-Room | 04–06 | 60 m² | $310,000 |
| 2024-04 | 2-Room | 01–03 | 47 m² | $270,000 |
| 2024-02 | 3-Room | 07–09 | 60 m² | $307,500 |
| 2024-02 | 3-Room | 13–15 | 60 m² | $305,000 |
| 2024-01 | 3-Room | 07–09 | 60 m² | $315,000 |
| 2023-10 | 2-Room | 13–15 | 47 m² | $300,000 |
Jalan Bukit Merah blocks ranked by price
Showing the top 15 of 25 priced blocks.
More blocks on Jalan Bukit Merah
Quick answers
How much does a flat at Blk 28 Jalan Bukit Merah cost?
The median resale price over the last 24 months is $325,000 (12 sales, as of Sep 2026). See the by-type table above for 3-room vs 4-room medians.
Is Blk 28 Jalan Bukit Merah fairly priced?
For a typical 3-room flat here, our price model estimates $303,160–$338,924 (central estimate $321,042). Recent sales — median $330,000 — sit within that range.
What is the rent at Blk 28 Jalan Bukit Merah?
The median monthly rent is $2,950/mo over the last 12 months (4 contracts).
How old is Blk 28 Jalan Bukit Merah?
The block was completed in 1967 and its 99-year lease runs from 1967.