Block 124 Bukit Merah Lane 1
Block 124 Bukit Merah Lane 1 has 3 recorded HDB resale transactions since 2017. Latest sale: $380,000 (Sep 2023, 3 room, floors 04–06). Median $5,672/sqm. Built 1979, 55 years lease remaining.
What this block rents for, and the gross rental yield (annual rent ÷ resale price). This block has too few rentals on record, so figures shown are the Bukit Merah average.
| Flat type | Median rent /mo | Gross yield | Based on |
|---|---|---|---|
| 3-Room | $3,000 typically $2,700–$3,300 | 8.2% | Bukit Merah avg · block too thin |
| Date | Floor | Type | Area | Price | $/sqm |
|---|---|---|---|---|---|
| Sep 2023 | 04 TO 06 | 3 ROOM | 67 sqm | $380,000 | $5,672 |
| Apr 2022 | 01 TO 03 | 3 ROOM | 80 sqm | $400,000 | $5,000 |
| Dec 2021 | 01 TO 03 | 3 ROOM | 67 sqm | $384,000 | $5,731 |
About Block 124 Bukit Merah Lane 1
Block 124 at Bukit Merah Lane 1 is a residential HDB block in Bukit Merah, Singapore, built in 1979 with approximately 55 years remaining on its 99-year lease. The block contains 3 room flats, with resale prices ranging from $380,000 to $400,000 based on 3 recorded transactions since January 2017. The most recent transaction was a 3 room flat on storeys 04 TO 06 sold for $380,000 in 2023-09. The current median price per square metre is $5,672. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8505, with an annual lease decay rate of approximately 0.62%. All transaction data is sourced from Singapore's data.gov.sg open data platform and is updated monthly.
Frequently Asked Questions
How much is an HDB flat at Block 124 Bukit Merah Lane 1 worth?
The most recent resale transaction at Block 124 Bukit Merah Lane 1 was $380,000 for a 3 room flat in 2023-09. The median price per square metre across all flat types is $5,672, based on 3 transactions since January 2017. Data sourced from data.gov.sg.
What is the remaining lease for Block 124 Bukit Merah Lane 1?
Block 124 Bukit Merah Lane 1 was built in 1979 and has approximately 55 years and 3 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.62%, meaning the leasehold value decreases by approximately 0.62% per year at the current remaining lease.
What flat types are available at Block 124 Bukit Merah Lane 1?
Block 124 Bukit Merah Lane 1 in Bukit Merah contains 3 room flats. Resale prices range from $380,000 to $400,000 based on historical transaction records from data.gov.sg.