Monday, December 26, 2011

HDB rent in Bukit Merah/Red Hill Singapore

Bukit Merah, meaning red hill in Malay, is a central region location in Singapore. Although Bukit Merah means red hill, Redhill and Bukit Merah are two different areas next to each other. Redhill is the area in the vicinity of   Redhill MRT Station on East West Line while Tiong Bahru MRT Station serves Bukit Merah vicinity. Bukit Merah takes its name from a hill here, which was much larger in the past but later trimmed down to its current size in 1970s.

As of 3rd Quarter 2011, Bukit Merah is the second most expensive place in Singapore to rent an HDB flat with average of 2,650 SGD per month for a unit rental. The area is very near to city center and easily accessible with MRT and bus. A 3 room HDB flat in Bukit Merah (2 bedroom + 1 living room or 2+1) requires 2,000 SGD per month while a 4 room HDB flat (3 bedroom + 1 living roon or 3+1) requires 2,650 SGD per month. A five room flat will require 2,860 SGD per month. All these rentals are median actual transaction prices in the third quarter of 2011.

Below table displays the latest median transaction prices for HDB flats in Bukit Merah as well as the last year same quarter and previous quarter prices. It is wise to check the asking prices against the median prices before going into a rental hunt.

Bukit Merah HDB For Rent Price Trends
Room Q3 2011 Q2 2011 Q3 2010 Q-o-Q Change Y-o-Y Change
3-RM $2,000 $1,900 $1,800 $100 $200
4-RM $2,650 $2,500 $2,300 $150 $350
5-RM $2,860 $2,800 $2,630 $60 $230

Bukit Merah HDB Rental Price Trends

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