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Block 221 Boon Lay Place

5 Room · Built 1979 · 53 years remaining lease MOP Cleared
Latest Sale
$515,000
Jan 2025 · 5 ROOM · #25-27
Median $/sqm
$3,624
Based on 7 transactions
Total Transactions
7
Since Jan 2017
5-Year Trend
▲ +30.4%
Median price change
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 53 years remaining 99 years
53 years 6 months
Remaining lease
↓ 0.66%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 53 years remaining, decay is gradual (~0.66%/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
Jan 2025 25 TO 27 5 ROOM 109 sqm $515,000 $4,725
Feb 2024 10 TO 12 5 ROOM 109 sqm $465,000 $4,266
Oct 2022 07 TO 09 5 ROOM 109 sqm $420,000 $3,853
Jun 2021 22 TO 24 5 ROOM 109 sqm $395,000 $3,624
Jul 2020 04 TO 06 5 ROOM 109 sqm $323,000 $2,963
Feb 2020 10 TO 12 5 ROOM 109 sqm $384,000 $3,523
Mar 2017 13 TO 15 5 ROOM 109 sqm $395,000 $3,624
Showing 7 of 7 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 221 Boon Lay Place

Block 221 at Boon Lay Place is a residential HDB block in Jurong West, Singapore, built in 1979 with approximately 53 years remaining on its 99-year lease. The block contains 5 room flats, with resale prices ranging from $323,000 to $515,000 based on 7 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 25 TO 27 sold for $515,000 in 2025-01. The current median price per square metre is $3,624. Over the past five years, resale prices at this block have increased by approximately 30.4%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8413, with an annual lease decay rate of approximately 0.66%. 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 221 Boon Lay Place worth?

The most recent resale transaction at Block 221 Boon Lay Place was $515,000 for a 5 room flat in 2025-01. The median price per square metre across all flat types is $3,624, based on 7 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 221 Boon Lay Place?

Block 221 Boon Lay Place was built in 1979 and has approximately 53 years and 6 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.66%, meaning the leasehold value decreases by approximately 0.66% per year at the current remaining lease.

What flat types are available at Block 221 Boon Lay Place?

Block 221 Boon Lay Place in Jurong West contains 5 room flats. Resale prices range from $323,000 to $515,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 221 Boon Lay Place gone up or down?

Resale prices at Block 221 Boon Lay Place have increased by approximately 30.4% over the past five years. The current median price is $395,000, with the most recent sale at $515,000 in 2025-01.

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