Block 588C Montreal Drive

5 Room · Built 2003 · 75 years remaining lease MOP Cleared
Latest Sale
$608,000
Mar 2026 · 5 ROOM · #04-06
Median $/sqm
$4,264
Based on 21 transactions
Total Transactions
21
Since Jan 2017
5-Year Trend
▲ +25.3%
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 75 years remaining 99 years
75 years 11 months
Remaining lease
↓ 0.28%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 75 years remaining, decay is gradual (~0.28%/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 5 ROOM 110 sqm $608,000 $5,527
Nov 2025 01 TO 03 5 ROOM 110 sqm $608,888 $5,535
Jun 2025 10 TO 12 5 ROOM 110 sqm $628,888 $5,717
May 2025 13 TO 15 5 ROOM 110 sqm $675,000 $6,136
Sep 2023 07 TO 09 5 ROOM 110 sqm $578,000 $5,255
Aug 2023 04 TO 06 5 ROOM 110 sqm $515,000 $4,682
Apr 2022 13 TO 15 5 ROOM 110 sqm $542,000 $4,927
Dec 2021 07 TO 09 5 ROOM 110 sqm $500,000 $4,545
Sep 2021 10 TO 12 5 ROOM 110 sqm $493,000 $4,482
Jul 2021 01 TO 03 5 ROOM 110 sqm $469,000 $4,264
Jul 2021 07 TO 09 5 ROOM 110 sqm $495,000 $4,500
Jun 2020 13 TO 15 5 ROOM 110 sqm $414,000 $3,764
Jun 2020 13 TO 15 5 ROOM 110 sqm $406,000 $3,691
Feb 2020 13 TO 15 5 ROOM 110 sqm $406,000 $3,691
Jul 2019 13 TO 15 5 ROOM 110 sqm $400,000 $3,636
Jun 2019 10 TO 12 5 ROOM 110 sqm $425,000 $3,864
Apr 2019 01 TO 03 5 ROOM 110 sqm $375,000 $3,409
Apr 2018 07 TO 09 5 ROOM 110 sqm $420,000 $3,818
Mar 2018 04 TO 06 5 ROOM 110 sqm $400,000 $3,636
Feb 2018 13 TO 15 5 ROOM 110 sqm $390,000 $3,545
Showing 20 of 21 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 588C Montreal Drive

Block 588C at Montreal Drive is a residential HDB block in Sembawang, Singapore, built in 2003 with approximately 75 years remaining on its 99-year lease. The block contains 5 room flats, with resale prices ranging from $375,000 to $675,000 based on 21 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 04 TO 06 sold for $608,000 in 2026-03. The current median price per square metre is $4,264. Over the past five years, resale prices at this block have increased by approximately 25.3%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9266, with an annual lease decay rate of approximately 0.28%. 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 588C Montreal Drive worth?

The most recent resale transaction at Block 588C Montreal Drive was $608,000 for a 5 room flat in 2026-03. The median price per square metre across all flat types is $4,264, based on 21 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 588C Montreal Drive?

Block 588C Montreal Drive was built in 2003 and has approximately 75 years and 11 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.28%, meaning the leasehold value decreases by approximately 0.28% per year at the current remaining lease.

What flat types are available at Block 588C Montreal Drive?

Block 588C Montreal Drive in Sembawang contains 5 room flats. Resale prices range from $375,000 to $675,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 588C Montreal Drive gone up or down?

Resale prices at Block 588C Montreal Drive have increased by approximately 25.3% over the past five years. The current median price is $469,000, with the most recent sale at $608,000 in 2026-03.

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