Block 553 Bedok North Avenue 1

5 Room · Built 1980 · 54 years remaining lease MOP Cleared
Latest Sale
$615,000
Sep 2024 · 5 ROOM · #04-06
Median $/sqm
$4,339
Based on 17 transactions
Total Transactions
17
Since Jan 2017
5-Year Trend
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Insufficient data
Price Trend
Source: HDB Resale Flat Prices, data.gov.sg. Updated monthly.
What's Your Unit Worth?
HDB records transactions in 3-storey bands (e.g. 01 TO 03). Pick the band closest to your floor.
Estimated Market Value
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Future Value Projection
Estimated value in --
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Based on Bala's Table (SLA leasehold valuation model) with 3% annual market appreciation. Lease decay is non-linear and accelerates as remaining lease shortens. Not financial advice.
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Lease Decay Projection
0 years 54 years remaining 99 years
54 years 10 months
Remaining lease
↓ 0.63%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 54 years remaining, decay is gradual (~0.63%/yr). It accelerates significantly below 40 years. Market appreciation (historically 2-4%/yr) currently outpaces lease decay for this block.
All Transactions
Date Floor Type Area Price $/sqm
Sep 2024 04 TO 06 5 ROOM 125 sqm $615,000 $4,920
Dec 2023 04 TO 06 5 ROOM 121 sqm $508,000 $4,198
Nov 2023 07 TO 09 5 ROOM 121 sqm $611,000 $5,050
Feb 2023 07 TO 09 5 ROOM 121 sqm $595,000 $4,917
Jan 2023 07 TO 09 5 ROOM 121 sqm $690,000 $5,702
Nov 2022 01 TO 03 5 ROOM 125 sqm $560,000 $4,480
Dec 2021 04 TO 06 5 ROOM 121 sqm $525,000 $4,339
Nov 2021 10 TO 12 5 ROOM 121 sqm $545,000 $4,504
Feb 2021 07 TO 09 5 ROOM 121 sqm $513,800 $4,246
Jan 2021 04 TO 06 5 ROOM 121 sqm $513,000 $4,240
Jan 2021 10 TO 12 5 ROOM 121 sqm $521,000 $4,306
Mar 2020 01 TO 03 5 ROOM 121 sqm $453,000 $3,744
Aug 2018 01 TO 03 5 ROOM 121 sqm $486,000 $4,017
Jun 2018 07 TO 09 5 ROOM 121 sqm $520,000 $4,298
Nov 2017 07 TO 09 5 ROOM 125 sqm $558,000 $4,464
Sep 2017 04 TO 06 5 ROOM 121 sqm $480,000 $3,967
Jul 2017 04 TO 06 5 ROOM 123 sqm $535,000 $4,350
Showing 17 of 17 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 553 Bedok North Avenue 1

Block 553 at Bedok North Avenue 1 is a residential HDB block in Bedok, Singapore, built in 1980 with approximately 54 years remaining on its 99-year lease. The block contains 5 room flats, with resale prices ranging from $453,000 to $690,000 based on 17 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 04 TO 06 sold for $615,000 in 2024-09. The current median price per square metre is $4,339. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8484, with an annual lease decay rate of approximately 0.63%. 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 553 Bedok North Avenue 1 worth?

The most recent resale transaction at Block 553 Bedok North Avenue 1 was $615,000 for a 5 room flat in 2024-09. The median price per square metre across all flat types is $4,339, based on 17 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 553 Bedok North Avenue 1?

Block 553 Bedok North Avenue 1 was built in 1980 and has approximately 54 years and 10 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.63%, meaning the leasehold value decreases by approximately 0.63% per year at the current remaining lease.

What flat types are available at Block 553 Bedok North Avenue 1?

Block 553 Bedok North Avenue 1 in Bedok contains 5 room flats. Resale prices range from $453,000 to $690,000 based on historical transaction records from data.gov.sg.

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