Block 344 Clementi Avenue 5

2 Room · Built 1979 · 54 years remaining lease MOP Cleared

Latest Sale

$300,000

Oct 2023 · 2 ROOM · #07-09

Median $/sqm

$5,455

Based on 9 transactions

Total Transactions

Since Jan 2017

5-Year Trend

Insufficient data

Price Trend

Source: HDB Resale Flat Prices, data.gov.sg. Updated monthly.

What's Your Unit Worth?

Storey Band

Flat Type

HDB records transactions in 3-storey bands (e.g. 01 TO 03). Pick the band closest to your floor.

Estimated Market Value

Future Value Projection

Estimated value in --

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 7 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
Oct 2023	07 TO 09	2 ROOM	44 sqm	$300,000	$6,818
Aug 2023	07 TO 09	2 ROOM	44 sqm	$305,000	$6,932
Nov 2022	10 TO 12	2 ROOM	44 sqm	$290,000	$6,591
Jul 2019	04 TO 06	2 ROOM	44 sqm	$205,000	$4,659
Jun 2019	07 TO 09	2 ROOM	44 sqm	$205,000	$4,659
Jan 2019	10 TO 12	2 ROOM	44 sqm	$240,000	$5,455
Dec 2018	07 TO 09	2 ROOM	44 sqm	$222,000	$5,045
Oct 2018	10 TO 12	2 ROOM	44 sqm	$220,000	$5,000
Jun 2018	04 TO 06	2 ROOM	44 sqm	$247,000	$5,614

Showing 9 of 9 transactions

Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 344 Clementi Avenue 5

Block 344 at Clementi Avenue 5 is a residential HDB block in Clementi, Singapore, built in 1979 with approximately 54 years remaining on its 99-year lease. The block contains 2 room flats, with resale prices ranging from $205,000 to $305,000 based on 9 recorded transactions since January 2017. The most recent transaction was a 2 room flat on storeys 07 TO 09 sold for $300,000 in 2023-10. The current median price per square metre is $5,455. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8471, 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 344 Clementi Avenue 5 worth?

The most recent resale transaction at Block 344 Clementi Avenue 5 was $300,000 for a 2 room flat in 2023-10. The median price per square metre across all flat types is $5,455, based on 9 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 344 Clementi Avenue 5?

Block 344 Clementi Avenue 5 was built in 1979 and has approximately 54 years and 7 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 344 Clementi Avenue 5?

Block 344 Clementi Avenue 5 in Clementi contains 2 room flats. Resale prices range from $205,000 to $305,000 based on historical transaction records from data.gov.sg.