Block 723 Jurong West Avenue 5

4 Room · Built 1990 · 65 years remaining lease MOP Cleared
Latest Sale
$523,888
Jan 2025 · 4 ROOM · #04-06
Median $/sqm
$4,125
Based on 16 transactions
Total Transactions
16
Since Jan 2017
5-Year Trend
▲ +32.8%
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 65 years remaining 99 years
65 years 1 months
Remaining lease
↓ 0.42%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 65 years remaining, decay is gradual (~0.42%/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 04 TO 06 4 ROOM 104 sqm $523,888 $5,037
Jan 2025 01 TO 03 4 ROOM 104 sqm $500,000 $4,808
Jul 2024 07 TO 09 4 ROOM 104 sqm $480,000 $4,615
Mar 2024 07 TO 09 4 ROOM 104 sqm $478,000 $4,596
Jan 2024 04 TO 06 4 ROOM 104 sqm $473,000 $4,548
Dec 2023 10 TO 12 4 ROOM 104 sqm $478,000 $4,596
Apr 2023 10 TO 12 4 ROOM 111 sqm $465,000 $4,189
Jul 2022 04 TO 06 4 ROOM 104 sqm $430,000 $4,135
Apr 2022 10 TO 12 4 ROOM 104 sqm $428,000 $4,115
Jan 2022 04 TO 06 4 ROOM 104 sqm $418,000 $4,019
Oct 2021 01 TO 03 4 ROOM 111 sqm $400,888 $3,612
Jul 2021 01 TO 03 4 ROOM 104 sqm $370,000 $3,558
Mar 2020 04 TO 06 4 ROOM 104 sqm $300,000 $2,885
Oct 2019 10 TO 12 4 ROOM 104 sqm $322,000 $3,096
Aug 2018 04 TO 06 4 ROOM 111 sqm $310,000 $2,793
Oct 2017 07 TO 09 4 ROOM 104 sqm $350,000 $3,365
Showing 16 of 16 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 723 Jurong West Avenue 5

Block 723 at Jurong West Avenue 5 is a residential HDB block in Jurong West, Singapore, built in 1990 with approximately 65 years remaining on its 99-year lease. The block contains 4 room flats, with resale prices ranging from $300,000 to $523,888 based on 16 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 04 TO 06 sold for $523,888 in 2025-01. The current median price per square metre is $4,125. Over the past five years, resale prices at this block have increased by approximately 32.8%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8934, with an annual lease decay rate of approximately 0.42%. 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 Jurong West Avenue 5 worth?

The most recent resale transaction at Block 723 Jurong West Avenue 5 was $523,888 for a 4 room flat in 2025-01. The median price per square metre across all flat types is $4,125, based on 16 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 723 Jurong West Avenue 5?

Block 723 Jurong West Avenue 5 was built in 1990 and has approximately 65 years and 1 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.42%, meaning the leasehold value decreases by approximately 0.42% per year at the current remaining lease.

What flat types are available at Block 723 Jurong West Avenue 5?

Block 723 Jurong West Avenue 5 in Jurong West contains 4 room flats. Resale prices range from $300,000 to $523,888 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 723 Jurong West Avenue 5 gone up or down?

Resale prices at Block 723 Jurong West Avenue 5 have increased by approximately 32.8% over the past five years. The current median price is $429,000, with the most recent sale at $523,888 in 2025-01.

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