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Block 239 Bukit Panjang Ring Road

Executive · Built 1989 · 62 years remaining lease · Updated Apr 2025 MOP Cleared

Block 239 Bukit Panjang Ring Road has 33 recorded HDB resale transactions since 2017. Latest sale: $810,000 (Apr 2025, executive, floors 04–06). Median $4,452/sqm. Prices up 26.7% over the past five years. Built 1989, 62 years lease remaining.

Latest Sale
$810,000
Apr 2025 · EXECUTIVE · Floor 04-06
Median $/sqm
$4,452
Based on 33 transactions
Total Transactions
33
Since Jan 2017
5-Year Trend
▲ +26.7%
Median price change
Median Price ?
Top 9%
#30 / 335 Top 9%
Latest Sale ?
Top 15%
#50 / 335 Top 15%
Value ($/sqm) ?
Top 61%
#204 / 335 Top 61%
5-Year Growth ?
Top 73%
#180 / 245 Top 73%
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
+4.8%/yr
vs
Lease Decay
−0.45%/yr
Growth assumption
Based on this block’s +26.7% 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 62 years remaining 99 years
62 years 11 months
Remaining lease
↓ 0.45%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 62 years remaining, decay is gradual (~0.45%/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 Bukit Panjang average.

Flat type Median rent /mo Gross yield Based on
Executive $3,600 typically $3,200–$3,750 4.9% Bukit Panjang 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 4 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
4 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 239 Bukit Panjang Ring Road in Bukit Panjang, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.

See all HDB blocks in Bukit Panjang
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
Apr 2025 04 TO 06 EXECUTIVE 150 sqm $810,000 $5,400
Feb 2025 04 TO 06 EXECUTIVE 146 sqm $840,000 $5,753
Feb 2025 10 TO 12 EXECUTIVE 146 sqm $855,888 $5,862
Jan 2025 04 TO 06 EXECUTIVE 142 sqm $820,000 $5,775
Dec 2024 04 TO 06 EXECUTIVE 146 sqm $780,000 $5,342
Dec 2024 01 TO 03 EXECUTIVE 146 sqm $795,000 $5,445
Mar 2024 01 TO 03 EXECUTIVE 146 sqm $785,000 $5,377
Dec 2023 04 TO 06 EXECUTIVE 146 sqm $793,000 $5,432
Dec 2023 07 TO 09 EXECUTIVE 150 sqm $855,000 $5,700
Oct 2023 10 TO 12 EXECUTIVE 150 sqm $850,888 $5,673
May 2023 04 TO 06 EXECUTIVE 150 sqm $750,000 $5,000
Apr 2023 10 TO 12 EXECUTIVE 146 sqm $842,000 $5,767
Sep 2022 07 TO 09 EXECUTIVE 155 sqm $828,000 $5,342
Jun 2022 04 TO 06 EXECUTIVE 155 sqm $800,000 $5,161
Oct 2021 01 TO 03 EXECUTIVE 146 sqm $650,000 $4,452
Sep 2021 10 TO 12 EXECUTIVE 150 sqm $660,000 $4,400
Aug 2021 10 TO 12 EXECUTIVE 146 sqm $668,888 $4,581
Jul 2021 10 TO 12 EXECUTIVE 146 sqm $645,000 $4,418
May 2021 10 TO 12 EXECUTIVE 146 sqm $638,000 $4,370
May 2021 04 TO 06 EXECUTIVE 146 sqm $660,000 $4,521
Showing 20 of 33 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 239 Bukit Panjang Ring Road

Block 239 Bukit Panjang Ring Road sits near the top of the Bukit Panjang resale market, its $660,000 median dearer than roughly 91% of blocks in the town. It has a regular flow of resale activity, with 33 transactions since 2017 across executive flats priced from $555,000 to $855,888. The most recent transaction was an executive flat on storeys 04 TO 06 at $810,000 in Apr 2025, and the median works out to $4,452/sqm. Higher floors carry a premium, with the 10 TO 12 band trading roughly 10% above the 01 TO 03 band. Over five years, prices here are up about 26.7%. Under Bala's Table (the SLA leasehold valuation model), its leasehold relativity ratio is 0.8852, an annual lease decay of about 0.45%. All transaction data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 239 Bukit Panjang Ring Road worth?

The most recent resale transaction at Block 239 Bukit Panjang Ring Road was $810,000 for a executive flat in 2025-04. The median price per square metre across all flat types is $4,452, based on 33 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 239 Bukit Panjang Ring Road?

Block 239 Bukit Panjang Ring Road was built in 1989 and has approximately 62 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 0.45%, meaning the leasehold value decreases by approximately 0.45% per year at the current remaining lease.

What flat types are available at Block 239 Bukit Panjang Ring Road?

Block 239 Bukit Panjang Ring Road in Bukit Panjang contains executive flats. Resale prices range from $555,000 to $855,888 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 239 Bukit Panjang Ring Road gone up or down?

Resale prices at Block 239 Bukit Panjang Ring Road have increased by approximately 26.7% over the past five years. The current median price is $660,000, with the most recent sale at $810,000 in 2025-04.

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