Prices · Bukit Merah · Jalan Bukit Merah · D03 Queenstown
Block 2 Jalan Bukit Merah
Compare this block with another
What this block is
| Address | Block 2 Jalan Bukit Merah, Bukit Merah, Singapore 150002 |
| Flat types here | 3-room, 5-room — on the evidence of 45 sales since Feb 2017, so a type that has never been resold here will not appear |
| Unit sizes | 3-room about 678 sq ft, 5-room about 1,356 sq ft (678 to 1,356 sq ft across the block) |
| Lease | 99 years from 1975, expiring 2074 — 48 years left |
| Floors that have sold | 1 to 15, so the block stands at least 15 storeys |
| Flat models | Improved, Adjoined flat |
| Town and district | Bukit Merah, district 3 (Queenstown, Tiong Bahru) |
| Compare it with | the rest of Jalan Bukit Merah, 3-room flats across Bukit Merah |
Two things this page deliberately does not have. There is no floor plan: the resale register carries none, and drawing one from the median floor area would be an invention. And there is no nearest station, for the same reason — no rail data is published here, so the distance would be guessed. What is near this block, measured rather than assumed, is the food: hawker centres within a walk.
What a flat here really costs each month
Bought at the median price, a flat in this block works out at $1,235 for every month of the 48 years its lease still has to run. That figure takes in the price itself, both stamp duties, legal and valuation fees, the whole of the mortgage interest and the running costs for as long as the lease lasts.
It is a different question from the monthly instalment, which stops after 25 years while the lease carries on being used up.
| Cash needed up front | $102,780 |
| Mortgage interest over 25 years | $119,183 |
| Running costs over the remaining lease | $207,360 |
| Total over the lease | $711,323 |
| Monthly while repaying | $1,697 |
| Monthly once repaid | $360 |
Assumes a Singapore citizen buying a first home with a 75 per cent loan at 3 per cent over 25 years, $2,500 in legal fees, $400 for valuation, $1,200 a year in property tax and $260 a month for conservancy, upkeep and insurance. Change any of these. Figures are not discounted: a dollar paid in the final year of the lease is counted the same as a dollar paid today. Opportunity cost, CPF accrued interest and any resale value are excluded.
The median above is based on just five sales, which is too few to call a market rate.
By flat type
| Type | Median | Range | Size | psf | Sales |
|---|---|---|---|---|---|
| 3-room | $313,944 | $240,000–$393,000 | 678 sq ft | 448 | 44 |
| 5-room | $668,888 | $668,888–$668,888 | 1,356 sq ft | 493 | 1 |
By floor
Measured inside a block, where the address, the age and the lease are all held still, a storey is worth about 0.63 per cent of the price per square foot — so the difference between the second floor and the twentieth is roughly 11 per cent, not the 2.1 times the market-wide storey bands appear to show. Why those bands mislead.
| 01 to 03 | $300,000 | 442 psf | 4 |
| 04 to 06 | $317,500 | 448 psf | 14 |
| 07 to 09 | $332,500 | 456 psf | 8 |
| 10 to 12 | $315,888 | 466 psf | 8 |
| 13 to 15 | $303,000 | 447 psf | 11 |
Year by year
| 2017 | $325,000 | 457 psf | three sales |
| 2018 | $285,000 | 420 psf | three sales |
| 2019 | $272,000 | 401 psf | six sales |
| 2020 | $271,000 | 400 psf | six sales |
| 2021 | $290,000 | 428 psf | six sales |
| 2022 | $308,944 | 456 psf | four sales |
| 2023 | $325,000 | 479 psf | five sales |
| 2024 | $345,000 | 509 psf | three sales |
| 2025 | $380,000 | 560 psf | five sales |
| 2026 | $363,000 | 535 psf | four sales |
45 transactions in all, from Feb 2017 to Sept 2026. The flat models recorded here are Improved, Adjoined flat.