Block 531 Jelapang Road

4 Room · 5 Room · Executive · Built 1999 · 72 years remaining lease MOP Cleared
Latest Sale
$573,000
Mar 2026 · 4 ROOM · #04-06
Median $/sqm
$4,714
Based on 18 transactions
Total Transactions
18
Since Jan 2017
5-Year Trend
▲ +12.4%
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 72 years remaining 99 years
72 years
Remaining lease
↓ 0.32%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 72 years remaining, decay is gradual (~0.32%/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
Mar 2026 04 TO 06 4 ROOM 103 sqm $573,000 $5,563
Jan 2026 13 TO 15 4 ROOM 103 sqm $583,000 $5,660
Jul 2025 01 TO 03 4 ROOM 103 sqm $503,000 $4,883
May 2024 13 TO 15 4 ROOM 103 sqm $538,000 $5,223
Mar 2024 10 TO 12 4 ROOM 103 sqm $575,000 $5,583
Sep 2023 10 TO 12 4 ROOM 103 sqm $488,000 $4,738
Feb 2023 07 TO 09 4 ROOM 103 sqm $460,000 $4,466
Aug 2022 04 TO 06 EXECUTIVE 145 sqm $765,000 $5,276
Sep 2021 10 TO 12 EXECUTIVE 145 sqm $740,000 $5,103
Jul 2021 01 TO 03 4 ROOM 103 sqm $400,000 $3,883
Jul 2021 16 TO 18 5 ROOM 121 sqm $600,000 $4,959
Mar 2021 10 TO 12 4 ROOM 103 sqm $420,000 $4,078
Aug 2020 04 TO 06 4 ROOM 103 sqm $385,000 $3,738
Mar 2020 04 TO 06 4 ROOM 103 sqm $345,000 $3,350
Jul 2019 01 TO 03 EXECUTIVE 145 sqm $600,000 $4,138
Mar 2018 10 TO 12 4 ROOM 103 sqm $378,000 $3,670
Nov 2017 16 TO 18 EXECUTIVE 145 sqm $680,000 $4,690
Jul 2017 04 TO 06 EXECUTIVE 145 sqm $620,000 $4,276
Showing 18 of 18 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 531 Jelapang Road

Block 531 at Jelapang Road is a residential HDB block in Bukit Panjang, Singapore, built in 1999 with approximately 72 years remaining on its 99-year lease. The block contains 4 room, 5 room, executive flats, with resale prices ranging from $345,000 to $765,000 based on 18 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 04 TO 06 sold for $573,000 in 2026-03. The current median price per square metre is $4,714. Over the past five years, resale prices at this block have increased by approximately 12.4%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9160, with an annual lease decay rate of approximately 0.32%. 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 531 Jelapang Road worth?

The most recent resale transaction at Block 531 Jelapang Road was $573,000 for a 4 room flat in 2026-03. The median price per square metre across all flat types is $4,714, based on 18 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 531 Jelapang Road?

Block 531 Jelapang Road was built in 1999 and has approximately 72 years remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.32%, meaning the leasehold value decreases by approximately 0.32% per year at the current remaining lease.

What flat types are available at Block 531 Jelapang Road?

Block 531 Jelapang Road in Bukit Panjang contains 4 room, 5 room, executive flats. Resale prices range from $345,000 to $765,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 531 Jelapang Road gone up or down?

Resale prices at Block 531 Jelapang Road have increased by approximately 12.4% over the past five years. The current median price is $555,500, with the most recent sale at $573,000 in 2026-03.

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