Block 723 Clementi West Street 2

5 Room · Built 1981 · 56 years remaining lease MOP Cleared
Latest Sale
$745,000
Sep 2023 · 5 ROOM · #19-21
Median $/sqm
$5,322
Based on 11 transactions
Total Transactions
11
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 56 years remaining 99 years
56 years 5 months
Remaining lease
↓ 0.59%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 56 years remaining, decay is gradual (~0.59%/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 2023 19 TO 21 5 ROOM 118 sqm $745,000 $6,314
Feb 2023 13 TO 15 5 ROOM 118 sqm $690,000 $5,847
Oct 2022 19 TO 21 5 ROOM 118 sqm $700,000 $5,932
Feb 2022 19 TO 21 5 ROOM 118 sqm $672,000 $5,695
Jan 2022 01 TO 03 5 ROOM 118 sqm $565,000 $4,788
Jun 2020 01 TO 03 5 ROOM 118 sqm $488,000 $4,136
Jun 2020 07 TO 09 5 ROOM 118 sqm $585,000 $4,958
May 2020 22 TO 24 5 ROOM 118 sqm $655,000 $5,551
Sep 2018 04 TO 06 5 ROOM 118 sqm $606,000 $5,136
Sep 2018 19 TO 21 5 ROOM 118 sqm $628,000 $5,322
Jan 2017 01 TO 03 5 ROOM 118 sqm $560,000 $4,746
Showing 11 of 11 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 723 Clementi West Street 2

Block 723 at Clementi West Street 2 is a residential HDB block in Clementi, Singapore, built in 1981 with approximately 56 years remaining on its 99-year lease. The block contains 5 room flats, with resale prices ranging from $488,000 to $745,000 based on 11 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 19 TO 21 sold for $745,000 in 2023-09. The current median price per square metre is $5,322. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8564, with an annual lease decay rate of approximately 0.59%. 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 723 Clementi West Street 2 worth?

The most recent resale transaction at Block 723 Clementi West Street 2 was $745,000 for a 5 room flat in 2023-09. The median price per square metre across all flat types is $5,322, based on 11 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 723 Clementi West Street 2?

Block 723 Clementi West Street 2 was built in 1981 and has approximately 56 years and 5 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.59%, meaning the leasehold value decreases by approximately 0.59% per year at the current remaining lease.

What flat types are available at Block 723 Clementi West Street 2?

Block 723 Clementi West Street 2 in Clementi contains 5 room flats. Resale prices range from $488,000 to $745,000 based on historical transaction records from data.gov.sg.

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