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Block 228 Bishan Street 23

4 Room · 5 Room · Built 1992 · 65 years remaining lease · Updated May 2025 MOP Cleared

Block 228 Bishan Street 23 has 17 recorded HDB resale transactions since 2017. Latest sale: $890,000 (May 2025, 4 room, floors 10–12). Median $5,702/sqm. Prices up 61.3% over the past five years. Built 1992, 65 years lease remaining.

Latest Sale
$890,000
May 2025 · 4 ROOM · Floor 10-12
Median $/sqm
$5,702
Based on 17 transactions
Total Transactions
17
Since Jan 2017
5-Year Trend
▲ +61.3%
Median price change
Median Price ?
Top 58%
#132 / 228 Top 58%
Latest Sale ?
Top 42%
#96 / 228 Top 42%
Value ($/sqm) ?
Top 83%
#189 / 228 Top 83%
5-Year Growth ?
Top 6%
#9 / 158 Top 6%
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
--
How we estimate this →
Future Value Projection
Market Appreciation
+10%/yr
vs
Lease Decay
−0.40%/yr
Growth assumption
Based on this block’s +61.3% growth over 5 years
Estimated value in --
--
Market appreciation --
Lease decay --
Net effect --
Projection uses Bala's Table (SLA leasehold model) for lease decay and your selected growth rate for appreciation. Lease decay is non-linear and accelerates as remaining lease shortens. Past growth does not guarantee future performance. Not financial advice.
Lease Decay Projection
0 years 65 years remaining 99 years
65 years 11 months
Remaining lease
↓ 0.40%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 65 years remaining, decay is gradual (~0.40%/yr). It accelerates significantly below 40 years. Market appreciation (historically 2-4%/yr) currently outpaces lease decay for this block.
Rental & Yield

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 Bishan average.

Flat type Median rent /mo Gross yield Based on
4-Room $3,600 typically $3,400–$3,800 5.5% Bishan avg · block too thin
5-Room $4,000 typically $3,600–$4,200 4.8% Bishan avg · block too thin
Gross yield is annual rent before maintenance, property tax, and vacancy, so net return is lower. Renting out a whole HDB flat requires meeting the 5-year Minimum Occupation Period and HDB approval. Rents are owner-declared to HDB and unverified.
Source: HDB Renting Out of Flats, data.gov.sg (Singapore Open Data Licence).
Primary schools nearby

This block is inside the 1 km Primary 1 priority zone for 3 popular schools. When a school is oversubscribed, MOE ballots by home–school distance, and homes within 1 km are drawn first.

Compare homes near all 50 popular schools
Distances are straight-line estimates from this block, indicative only. MOE measures from its own school reference point, so confirm the exact distance before relying on it.
Where this home sits, and its schools
3 schools in the 1 km top-priority zone
  • This home
  • School within 1 km
  • School 1–2 km
  • 1km ring, top priority
  • 2km ring, next tier

Straight-line distances, the basis MOE uses for Home–School Distance priority. Tap a school to open it. Map © OneMap, SLA.

Nearby comparable homes

Other HDB blocks closest to Block 228 Bishan Street 23 in Bishan, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.

See all HDB blocks in Bishan
Distances are straight-line estimates from this home, indicative only. Prices are medians of recorded resale transactions, not asking prices.
All Transactions
Date Floor Type Area Price $/sqm
May 2025 10 TO 12 4 ROOM 113 sqm $890,000 $7,876
Feb 2025 10 TO 12 4 ROOM 113 sqm $880,000 $7,788
Aug 2024 13 TO 15 4 ROOM 104 sqm $850,000 $8,173
May 2023 07 TO 09 5 ROOM 134 sqm $933,000 $6,963
Dec 2022 10 TO 12 4 ROOM 105 sqm $590,000 $5,619
Sep 2022 01 TO 03 4 ROOM 105 sqm $645,000 $6,143
Aug 2022 01 TO 03 4 ROOM 105 sqm $550,000 $5,238
May 2022 01 TO 03 5 ROOM 132 sqm $830,000 $6,288
Mar 2021 04 TO 06 4 ROOM 103 sqm $515,000 $5,000
Jan 2021 10 TO 12 4 ROOM 103 sqm $582,000 $5,650
Oct 2019 07 TO 09 4 ROOM 104 sqm $570,000 $5,481
Sep 2018 04 TO 06 4 ROOM 105 sqm $558,000 $5,314
Sep 2017 04 TO 06 4 ROOM 103 sqm $570,000 $5,534
Sep 2017 07 TO 09 5 ROOM 134 sqm $720,000 $5,373
Jun 2017 13 TO 15 4 ROOM 104 sqm $648,888 $6,239
May 2017 13 TO 15 4 ROOM 114 sqm $650,000 $5,702
Mar 2017 10 TO 12 5 ROOM 134 sqm $785,000 $5,858
Showing 17 of 17 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 228 Bishan Street 23

Block 228 Bishan Street 23 in Bishan has been a strong performer, with resale prices up roughly 61.3% over five years. Its $648,888 median tracks close to the Bishan town median. It has a relatively light resale record, with 17 transactions since 2017 across 4 room, 5 room flats priced from $515,000 to $933,000. The most recent transaction was a 4 room flat on storeys 10 TO 12 at $890,000 in May 2025, and the median works out to $5,702/sqm. Higher floors carry a premium, with the 13 TO 15 band trading roughly 16% above the 04 TO 06 band. Under Bala's Table (the SLA leasehold valuation model), its leasehold relativity ratio is 0.8964, an annual lease decay of about 0.40%. All transaction data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 228 Bishan Street 23 worth?

The most recent resale transaction at Block 228 Bishan Street 23 was $890,000 for a 4 room flat in 2025-05. The median price per square metre across all flat types is $5,702, based on 17 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 228 Bishan Street 23?

Block 228 Bishan Street 23 was built in 1992 and has approximately 65 years and 11 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.40%, meaning the leasehold value decreases by approximately 0.40% per year at the current remaining lease.

What flat types are available at Block 228 Bishan Street 23?

Block 228 Bishan Street 23 in Bishan contains 4 room, 5 room flats. Resale prices range from $515,000 to $933,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 228 Bishan Street 23 gone up or down?

Resale prices at Block 228 Bishan Street 23 have increased by approximately 61.3% over the past five years. The current median price is $648,888, with the most recent sale at $890,000 in 2025-05.

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