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Block 588C Montreal Drive

5 Room · Built 2003 · 75 years remaining lease · Updated Apr 2026 MOP Cleared

Block 588C Montreal Drive has 22 recorded HDB resale transactions since 2017. Latest sale: $610,000 (Apr 2026, 5 room, floors 13–15). Median $4,373/sqm. Prices up 23.5% over the past five years. Built 2003, 75 years lease remaining.

How this block compares

  • 5 Room$608,888
    −6.3%vs town(−$41k)−17.7%vs national(−$131k)

Median of resales in the 12 months to Jul 2026, compared with town and Singapore medians on the same basis. Flat types with fewer than two sales in the window are omitted.

Latest Sale
$610,000
Apr 2026 · 5 ROOM · Floor 13-15
Median $/sqm
$4,373
Based on 22 transactions
Total Transactions
22
Since Jan 2017
5-Year Trend
▲ +23.5%
Median price change
Median Price ?
Top 50%
#123 / 247 Top 50%
Latest Sale ?
Top 46%
#114 / 247 Top 46%
Value ($/sqm) ?
Top 61%
#150 / 247 Top 61%
5-Year Growth ?
Top 88%
#142 / 161 Top 88%
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
+4.3%/yr
vs
Lease Decay
−0.28%/yr
Growth assumption
Based on this block’s +23.5% 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 75 years remaining 99 years
75 years 10 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.
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
5-Room $3,300 typically $3,150–$3,400 6.5% 10 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 4 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
4 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 588C Montreal Drive in Sembawang, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.

See all HDB blocks in Sembawang
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
Apr 2026 13 TO 15 5 ROOM 110 sqm $610,000 $5,545
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
Showing 20 of 22 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 588C Montreal Drive

Block 588C Montreal Drive in Sembawang has been a strong performer, with resale prices up roughly 23.5% over five years. Its $481,000 median tracks close to the Sembawang town median. It has a regular flow of resale activity, with 22 transactions since 2017 across 5 room flats priced from $375,000 to $675,000. The most recent transaction was a 5 room flat on storeys 13 TO 15 at $610,000 in Apr 2026, and the median works out to $4,373/sqm. Under Bala's Table (the SLA leasehold valuation model), its leasehold relativity ratio is 0.9264, an annual lease decay of about 0.28%. All transaction data is sourced from data.gov.sg and 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 $610,000 for a 5 room flat in 2026-04. The median price per square metre across all flat types is $4,373, based on 22 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 10 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 23.5% over the past five years. The current median price is $481,000, with the most recent sale at $610,000 in 2026-04.

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