Bukit Merah HDB Resale Prices

The HDB resale market in Bukit Merah has recorded 8,458 transactions between July 2017 and April 2026. At a median resale price of S$626K,Bukit Merah is 27% more expensive than the Singapore-wide HDB median of S$495K.

Prices have softened 45% year-on-year, from S$780K to S$430K. This cooling may present opportunities for buyers who have been priced out in recent quarters.

The most commonly transacted flat type in Bukit Merah is the 4 room, with 3,282 recorded resales. A 4-room flat in Bukit Merah costs a median of S$765,000, while a 5-room flat costs S$850,000. Buyers on a tighter budget can consider 3-room flats at S$385,000, though supply is limited with only 3,026 transactions in the data set.

Bukit Merah has entered the million-dollar HDB club. The highest recorded resale price is S$1,648,888, placing it among the growing number of towns where HDB flats have breached the seven-figure mark. These transactions typically involve large executive or maisonette units with 80+ years of remaining lease, located in mature blocks with unobstructed views.

Floor level is one of the most significant price factors in Bukit Merah's HDB market. For 4-room flats, the data shows a clear staircase pattern: units on floors 43 TO 45 sell for a median of S$1,067,500, while ground-floor units (01 TO 03) sell for S$620,000. That is a 72% premium for higher floors, or roughly S$448K more in absolute terms.

This premium reflects several factors: better ventilation and natural light, reduced noise from ground-level activity, improved views (especially for blocks near parks or open areas), and a perception of privacy. For buyers on a budget, choosing a lower floor in a preferred block can save S$448K while keeping the same address.

Remaining lease is arguably the most important factor for long-term value. In Bukit Merah, the price per square metre tells a clear story about how the market values newer versus older flats. Newer flats (built 2015 onwards) trade at S$10,241/sqm, while pre-1990 flats trade at S$5,729/sqm. That is a 79% premium for newer stock on a per-square-metre basis.

However, older flats in Bukit Merah are not always the worse deal. Pre-1990 flats tend to be significantly larger (averaging 79 sqm versus 86 sqm for new builds). Buyers who prioritise space over remaining lease may find better value in mature blocks, especially if they plan to live in the flat rather than sell it within a decade.

Bukit Merah has 9 distinct flat models in its resale stock. The most common is the Model A (3,465 transactions, average S$767K).

The most actively traded address in Bukit Merah is JLN MEMBINA, with 627 recorded transactions at a median of S$770,000. The price spread across the top streets ranges from S$360K to S$788K, reflecting differences in block age, proximity to MRT stations, and proximity to amenities.

In terms of pricing, Bukit Merah sits closest to Queenstown (S$658K), Central Area (S$566K), Bishan (S$690K). Buyers looking for a more affordable alternative might consider Ang Mo Kio at S$420K, which is 49% cheaper. Those willing to pay more for centrality or prestige could look at Bukit Timah at S$776K.