SELL & RENT HDBS IN BUKIT MERAH ESTATE
Bukit Merah (红山) is one of Singapore’s oldest and most diverse HDB estates. Located in the Central Region, it is part of the Central Singapore CDC and is well-connected by multiple MRT stations, as well as Ayer Rajah Expressway (AYE).
Bukit Merah offers a wide range of housing options, including many HDB flats of various ages and styles. These are some of the other HDB subzones in the Bukit Merah HDB estate:
– Depot Road
– Henderson
– Redhill
– Telok Blangah
– Tiong Bahru
My personal connection to Bukit Merah stems from my time spent running Bukit Merah Kumon Learning Centre with my wife from 2006 to 2014. Many of our students resided in Bukit Merah and we are still in touch with some of them till this day.
I have made countless memories in Bukit Merah over the last 30 years or so, and am really looking forward to how this town will further transform under ROH (Remaking Our Heartland). I’m very excited, because this is likely where I’ll forever call home!
Bukit Merah Resident
QUICK LINKS
HDB BUKIT MERAH BRANCH OFFICE
7 INTERESTING FACTS ABOUT BUKIT MERAH HDB ESTATE
(a) Historical Significance:
Bukit Merah, meaning “Red Hill” in Malay, derives its name from the reddish lateritic soil found in the area. This unique soil has shaped both the landscape and the history of the estate, influencing its development over time.
(b) Singapore’s First Public Housing Estate:
Tiong Bahru, a subzone of Bukit Merah, is home to Singapore’s first public housing estate, developed by the Singapore Improvement Trust (SIT). Construction began in 1936.
Today, the pre-war Tiong Bahru flats, with their iconic Streamline Moderne architectural style, are highly sought-after and protected under conservation laws.
HDB’s headquarters used to be at Bukit Merah before they shifted to Toa Payoh in 2002. With the move, the new HDB headquarters was renamed as HDB Hub.
(c) The Henderson Waves:
Bukit Merah boasts Singapore’s highest pedestrian bridge, the Henderson Waves. Connecting Mount Faber Park and Telok Blangah Hill Park, this undulating architectural wonder offers scenic views and serves as a popular destination for both residents and visitors.
(d) Culinary Haven:
Famed for its food scene, Bukit Merah is home to the iconic Tiong Bahru Market, one of Singapore’s most beloved hawker centers. Many stalls here are Michelin Bib Gourmand recipients, attracting both locals and tourists with their culinary delights.
(e) The Former KTM Railway:
A portion of the former Keretapi Tanah Melayu (KTM) railway runs through Bukit Merah. This historic route has since been transformed into the Rail Corridor, offering residents a tranquil space for recreational activities while preserving a piece of Singapore’s transportation history.
(f) Important Institutions:
Bukit Merah hosts several key institutions, such as the Duke-NUS Medical School and the Defence Science and Technology Agency (DSTA), making the estate not only a residential hub but also a center for education and innovation.
(g) Mount Faber:
Originally named Telok Blangah Hill, Mount Faber was renamed in 1845 after Captain Charles Edward Faber, who contributed significantly to the area’s development. Today, Mount Faber remains a prominent landmark, offering panoramic views of Singapore and serving as the gateway to the cable car system to Sentosa.
Are you considering selling, buying or renting out your HDB flat in Bukit Merah?
Or simply curious about the HDB housing scene in Bukit Merah?
Check out the HDB median resale prices and rental statistics for Bukit Merah below.
I will be updating these statistics every quarter.
HOW ARE HDB RESALE PRICES IN BUKIT MERAH?
Quarterly Bukit Merah HDB Median Resale Prices up to Q3 2024
SALE ANALYSIS FOR BUKIT MERAH HDB RESALE FLATS
Note: All prices shown are median resale prices. The median price represents the middle value when all transactions in a quarter are arranged from lowest to highest, providing a better representation of the typical price than an average would.
(a) RECENT TREND ANALYSIS (2020-2024)
From 2020-Q1 to 2024-Q3, Bukit Merah’s resale market showed strong growth:
3-Room Flats:
- Starting median price (2020-Q1): $325,000
- Current median price (2024-Q3): $412,500
- Median price appreciation: 26.9% in ~4 years
Key Observations:
- Peak of $455,000 in 2023-Q2
- Recent prices fluctuating between $400,000-$440,500
4-Room Flats:
- Starting median price (2020-Q1): $640,000
- Current median price (2024-Q3): $900,000
- Median price appreciation: 40.6% in ~4 years
Key Observations:
- Strong consistent upward trajectory
- Crossed $800,000 mark in 2023-Q1
- Crossed $900,000 mark in 2024-Q3 (new peak)
- Significant price acceleration since 2021
5-Room Flats:
- Starting median price (2020-Q1): $817,500
- Last recorded price (2024-Q1): $895,000
- Median price appreciation: 9.5% (until 2024-Q1)
Key Observations:
- No data for 2024-Q2 and Q3
- Peak of $959,000 in 2023-Q4
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
3-Room Flats:
- Starting median price (2007-Q2): $200,000
- Current median price (2024-Q3): $412,500
- Total median price appreciation: 106.3%
4-Room Flats:
- Starting median price (2007-Q2): $371,000
- Current median price (2024-Q3): $900,000
- Total median price appreciation: 142.6%
5-Room Flats:
- Starting median price (2007-Q2): $474,000
- Current median price (2024-Q1): $895,000
- Total median price appreciation: 88.8%
P.S. HDB provides the median resale price for a flat type only if the estate has at least 20 transactions for that quarter. This explains why the line graph for the 5-room HDB flats in Bukit Merah stopped after 2024-Q1. There were less than 20 transactions in those quarters.
HIGHEST RESALE PRICE
Highest resale price achieved for the different Bukit Merah HDB flat types in 2024-Q3:
a) HDB 2-room flat: $330,000 @ 76 Telok Blangah Drive
b) HDB 3-room flat: $1,470,000 @ 82 Tiong Poh Road
c) HDB 4-room flat: $1,320,000 @ 9B Boon Tiong Road
d) HDB 5-room flat: $1,580,000 @ 126A Kim Tian Road
Looking to sell your Bukit Merah HDB flat or explore your upgrading options?
I’ve helped many sellers. I can help you, too.
HOW ARE HDB RENTAL PRICES IN BUKIT MERAH?
Quarterly Bukit Merah HDB Median Rental Prices up to Q3 2024
RENTAL ANALYSIS FOR BUKIT MERAH HDB FLATS
(a) RECENT TREND ANALYSIS (2020-2024)
From 2020-Q1 to 2024-Q3, Bukit Merah’s rental market showed substantial growth:
2-Room Flats:
- 2020-Q1: $1,515 → 2024-Q3: $2,500
- Increase: +65% (intermittent data)
3-Room Flats:
- 2020-Q1: $1,900 → 2024-Q3: $2,960
- Increase: +55.8%
4-Room Flats:
- 2020-Q1: $2,550 → 2024-Q3: $3,900
- Increase: +52.9%
5-Room Flats:
- 2020-Q1: $2,735 → 2024-Q3: $4,300
- Increase: +57.2%
Key Observations:
- Steepest rise began in 2022 due to post-pandemic demand
- 2-room flats saw highest percentage increase
- Rental gaps vary from $400 to $940 between flat types
- Premium rental prices reflect Bukit Merah’s central location
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
3-Room Flats:
- 2007-Q2: $1,000 → 2024-Q3: $2,960
- Total Growth: +196%
4-Room Flats:
- 2007-Q2: $1,500 → 2024-Q3: $3,900
- Total Growth: +160%
5-Room Flats:
- 2007-Q2: $1,400 → 2024-Q3: $4,300
- Total Growth: +207.1%
P.S. HDB provides the median rental price for a flat type only if the estate has at least 20 transactions for that quarter. This explains why the line graph for HDB 2 room flats in Bukit Merah had gaps. There were less than 20 transactions a number of quarters.
HIGHEST RENT
Highest rent achieved for the different Bukit Merah HDB flat types in 2024-Q3:
a) HDB 2-room flat: $3,000 @ 127A Kim Tian Road
b) HDB 3-room flat: $5,900 @ 78 Guan Chuan Street
c) HDB 4-room flat: $8,000 @ 78 Moh Guan Terrace
d) HDB 5-room flat: $5,700 @ 11 Cantonment Close
Looking to rent out your Bukit Merah HDB flat or explore your options?
I’ve helped many landlords. I can help you, too.
Check out the sales & rental trends in other HDB towns in Singapore.
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Let me start by saying Jack isn't a typical Singapore property agent. I didn't feel any pressure from him, which isn't typical of property agents. He's been very proactive & professional in assisting me with the sale & rental of my property. Always helpful with suggestions & advice that are backed up by sound analysis of the situation and the real estate market. I have full confidence recommending him to anyone in need of a property agent in Singapore.
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WHAT BRINGS YOU HERE TODAY?
Are you wondering what to do in today’s market?
Perhaps you already have a clear mind of what you want to do?
In my blog, I often share stories of the challenges, triumphs, and lessons learned in my work as a real estate agent in Singapore.
Regardless of your situation, you can use me as a sounding board. I’ll provide perspective and clarity from my experience.
