Block 124 Bt Merah Lane 1
124 Bt Merah Lane 1, Singapore 150124
Block 124 Bt Merah Lane 1 is an HDB block in Bukit Merah, completed in 1978, with 17 dwelling units. Across 14 resales on record, 3-Room flats have recently resold around S$247k (S$342 psf, 67 sqm). The lease has approximately 55 years remaining.
What are the key facts about Block 124 Bt Merah Lane 1?
Block 124 Bt Merah Lane 1 is an HDB block in Bukit Merah, completed in 1978, with 17 dwelling units.
- Town
- Bukit Merah
- Planning area
- Bukit Merah
- Completed
- 1978
- Storeys
- 4
- Total units
- 17
- Flat model
- New Generation
- Market segment
- RCR
- Median resale
- S$247k
- Last transacted
- Sept 2023
- Remaining lease
- ≈ 55 years
What are resale prices at Block 124 Bt Merah Lane 1?
3-Room flats have recently resold around S$247k (S$342 psf), from 14 resales on record (HDB caveat data).
| Flat type | Resales | Median price | Size | PSF |
|---|---|---|---|---|
| 3-Room | 14 | S$247,000recent | 67 sqm | S$342 psf |
Live now: 0 flats listed for sale at this block and 2 for rent — search all listings.
“Recent” medians use the latest transactions; for older blocks the all-time median spans 30+ years and understates today’s price. Source: HDB resale caveats, through Sept 2023.
What rent and yield does Block 124 Bt Merah Lane 1 get?
Flats at Block 124 Bt Merah Lane 1 have recently sublet for a median of S$2,800/mo (from 10 recent rental contracts).
Median rent
S$2,800/mo
10 recent contracts
Gross rental yield
—
indicative, gross
Annual rent
S$33,600
median × 12 months
| Flat type | Contracts | Median rent |
|---|---|---|
| 3-Room | 10 | S$2,800/mo |
HDB subletting requires the flat owner to have met the 5-year Minimum Occupation Period (MOP), so the rental sample per block is small — treat the yield as indicative. Latest contract Apr 2026. Source: HDB rental (subletting) data.
What has recently sold at Block 124 Bt Merah Lane 1?
Block 124 Bt Merah Lane 1 has 14 recorded resales; the most recent transacted at S$380,000 in Sept 2023 (HDB caveat data).
| Date | Flat type | Storey | Size | Price |
|---|---|---|---|---|
| Sept 2023 | 3-Room | 04 TO 06 | 67 sqm | S$380,000 |
| Apr 2022 | 3-Room | 01 TO 03 | 80 sqm | S$400,000 |
| Dec 2021 | 3-Room | 01 TO 03 | 67 sqm | S$384,000 |
| Jan 2014 | 3-Room | 04 TO 06 | 67 sqm | S$385,000 |
| Jul 2010 | 3-Room | 04 TO 06 | 67 sqm | S$302,000 |
| Sept 2009 | 3-Room | 01 TO 03 | 67 sqm | S$247,000 |
| Oct 2008 | 3-Room | 04 TO 06 | 67 sqm | S$251,000 |
| Oct 2004 | 3-Room | 01 TO 03 | 67 sqm | S$210,000 |
| Jan 2004 | 3-Room | 01 TO 03 | 67 sqm | S$170,000 |
| May 2003 | 3-Room | 01 TO 03 | 67 sqm | S$148,000 |
| Oct 2002 | 3-Room | 01 TO 03 | 67 sqm | S$153,000 |
| May 2001 | 3-Room | 01 TO 03 | 82 sqm | S$164,000 |
What flat types are in Block 124 Bt Merah Lane 1?
Block 124 Bt Merah Lane 1 has 17 units, mostly 3-Room flats of the New Generation model.
Unit stock by flat type, from the HDB property information dataset.
Where is Block 124 Bt Merah Lane 1?
Block 124 Bt Merah Lane 1 is an HDB block in Bukit Merah.
Block 124 Bt Merah Lane 1 is an HDB block located along Bt Merah Lane 1. The block is recorded as completed around 1978, with up to 4 storeys. It has an estimated 17 residential units based on the HDB property information dataset. Flat types in the block include 3-room and 4-room units.
The address is Block 124 Bt Merah Lane 1, Singapore 150124. It is part of District 03, Queenstown / Tiong Bahru, the Bukit Merah planning area. The block falls within the Central Region and the RCR market segment.
The nearest rail connection is Queenstown MRT Exit A, approximately 982m away, around 15 minutes on foot. Nearby amenities include Anchorpoint for shopping, COLD STORAGE SINGAPORE (1983) PTE LTD for groceries, Alexandra Village Food Centre for food options, and Hortpark for greenery and recreation.
How far is Block 124 Bt Merah Lane 1 from MRT and schools?
Schools nearby
- Bukit Merah Secondary SchoolSecondary school1.1 km
- Queenstown Primary SchoolPrimary school1.2 km
- Blangah Rise Primary SchoolPrimary school1.2 km
- Gan Eng Seng Primary SchoolPrimary school1.3 km
- Queenstown Secondary SchoolSecondary school1.4 km
- New Town Primary SchoolPrimary school1.6 km
- Queensway Secondary SchoolSecondary school1.6 km
- Crescent Girls' SchoolSecondary school1.8 km
Shops, food & parks
Straight-line distances from the block. Source: PropKaki amenities data.
What does it cost to buy a flat at Block 124 Bt Merah Lane 1?
Buying a flat at Block 124 Bt Merah Lane 1 (~S$247k) needs about S$1,969/mo in income and S$927/mo in repayments, after S$3,140 stamp duty and a S$62k downpayment.
Illustrative, for a buyer at the recent median resale price (S$247k) — 25% downpayment (bank-loan basis), 25-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →
Buyer's Stamp Duty
S$3,140
BSD, tiered
Downpayment (25%)
S$62k
cash + CPF
Monthly instalment
S$927/mo
25y @ 3.5%
Income required
S$1,969/mo
MSR/TDSR @ stress rate
First-time HDB buyers pay no Additional Buyer’s Stamp Duty (ABSD) and may qualify for CPF Housing Grants of up to S$80,000+, which lower the cash required — these are not included above. An HDB concessionary loan also allows a smaller downpayment.
Wondering whether it will hold its value? See do HDB flats actually make money? →
Eyeing Block 124 Bt Merah Lane 1? Ask what it's worth.
Recent transacted prices, what's nearby, and whether an asking price is fair.
PropKakiRecent sales at Block 124 Bt Merah Lane 1 land close to the town median — fair value, no big premium.
Frequently asked questions about Block 124 Bt Merah Lane 1
How much does a 3-Room flat at Block 124 Bt Merah Lane 1 cost?⌄
3-Room flats at Block 124 Bt Merah Lane 1 have recently resold for a median of about S$247k (S$342 psf), from 14 resales on record (HDB caveats). The exact price depends on the flat type, floor and remaining lease.
Is Block 124 Bt Merah Lane 1 worth buying given its remaining lease?⌄
Block 124 Bt Merah Lane 1 has about 55 years left on its 99-year lease (completed 1978). Below ~60 years, CPF usage and the maximum loan start to taper with the buyer's age, so check financing before committing. The figure is taken from the most recent transacted flat.
What is the rental yield at Block 124 Bt Merah Lane 1?⌄
based on a median subletting rent of about S$2,800/mo against a resale price of about S$247k. HDB subletting requires the owner to have met the 5-year MOP, so the per-block sample is small — treat this as indicative.
How much do I need to earn to buy a flat at Block 124 Bt Merah Lane 1?⌄
For a flat at about S$247k on a 25-year HDB-style loan, you'd need roughly S$1,969/mo in household income, with repayments around S$927/mo after a S$62k downpayment. First-timer grants of up to S$80,000+ (not included) lower the cash needed.