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Block 162 Mei Ling Street

3 Room · Built 1970 · 43 years remaining lease · Updated Nov 2025 MOP Cleared

Block 162 Mei Ling Street has 25 recorded HDB resale transactions since 2017. Latest sale: $355,000 (Nov 2025, 3 room, floors 01–03). Median $4,848/sqm. Prices up 30.4% over the past five years. Built 1970, 43 years lease remaining.

Latest Sale
$355,000
Nov 2025 · 3 ROOM · Floor 01-03
Median $/sqm
$4,848
Based on 25 transactions
Total Transactions
25
Since Jan 2017
5-Year Trend
▲ +30.4%
Median price change
Median Price ?
Top 83%
#162 / 195 Top 83%
Latest Sale ?
Top 85%
#166 / 195 Top 85%
Value ($/sqm) ?
Top 95%
#186 / 195 Top 95%
5-Year Growth ?
Top 35%
#50 / 142 Top 35%
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
+5.5%/yr
vs
Lease Decay
−1.02%/yr
Growth assumption
Based on this block’s +30.4% 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 43 years remaining 99 years
43 years 3 months
Remaining lease
↓ 1.02%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 43 years remaining, decay is accelerating (~1.02%/yr). It accelerates significantly below 40 years. Lease decay is approaching the rate where it offsets market appreciation.
Rental & Yield

What this block rents for, and the gross rental yield (annual rent ÷ resale price). Figures are from rentals at this block where available.

Flat type Median rent /mo Gross yield Based on
3-Room $3,000 typically $2,950–$3,150 10.1% 7 rentals here
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 2 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
2 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 162 Mei Ling Street in Queenstown, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.

See all HDB blocks in Queenstown
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
Nov 2025 01 TO 03 3 ROOM 66 sqm $355,000 $5,379
May 2025 10 TO 12 3 ROOM 66 sqm $415,000 $6,288
Mar 2025 01 TO 03 3 ROOM 76 sqm $405,000 $5,329
Dec 2023 04 TO 06 3 ROOM 76 sqm $387,000 $5,092
Aug 2023 10 TO 12 3 ROOM 66 sqm $343,000 $5,197
Aug 2022 07 TO 09 3 ROOM 66 sqm $320,000 $4,848
Jun 2022 10 TO 12 3 ROOM 66 sqm $310,000 $4,697
Feb 2022 04 TO 06 3 ROOM 66 sqm $310,000 $4,697
Feb 2022 10 TO 12 3 ROOM 66 sqm $310,000 $4,697
Oct 2021 07 TO 09 3 ROOM 66 sqm $325,000 $4,924
May 2021 07 TO 09 3 ROOM 66 sqm $296,000 $4,485
Mar 2021 10 TO 12 3 ROOM 66 sqm $330,000 $5,000
Jan 2021 07 TO 09 3 ROOM 66 sqm $280,000 $4,242
Oct 2020 07 TO 09 3 ROOM 66 sqm $308,000 $4,667
Sep 2019 04 TO 06 3 ROOM 66 sqm $310,000 $4,697
Oct 2018 10 TO 12 3 ROOM 66 sqm $298,000 $4,515
Aug 2018 10 TO 12 3 ROOM 66 sqm $280,000 $4,242
Jul 2018 07 TO 09 3 ROOM 66 sqm $280,000 $4,242
Apr 2018 07 TO 09 3 ROOM 66 sqm $292,800 $4,436
Oct 2017 01 TO 03 3 ROOM 66 sqm $272,888 $4,135
Showing 20 of 25 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 162 Mei Ling Street

Block 162 Mei Ling Street in Queenstown dates to 1970 and now has roughly 43 years of lease remaining, which makes lease decay the central consideration for buyers. Its median sits about 56% below the Queenstown median, cheaper than about 81% of the town's blocks. It has a regular flow of resale activity, with 25 transactions since 2017 across 3 room flats priced from $272,888 to $415,000. The most recent transaction was a 3 room flat on storeys 01 TO 03 at $355,000 in Nov 2025, and the median works out to $4,848/sqm. Over five years, prices here are up about 30.4%. All transaction data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 162 Mei Ling Street worth?

The most recent resale transaction at Block 162 Mei Ling Street was $355,000 for a 3 room flat in 2025-11. The median price per square metre across all flat types is $4,848, based on 25 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 162 Mei Ling Street?

Block 162 Mei Ling Street was built in 1970 and has approximately 43 years and 3 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 1.02%, meaning the leasehold value decreases by approximately 1.02% per year at the current remaining lease.

What flat types are available at Block 162 Mei Ling Street?

Block 162 Mei Ling Street in Queenstown contains 3 room flats. Resale prices range from $272,888 to $415,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 162 Mei Ling Street gone up or down?

Resale prices at Block 162 Mei Ling Street have increased by approximately 30.4% over the past five years. The current median price is $320,000, with the most recent sale at $355,000 in 2025-11.

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