Block 589B Montreal Drive

4 Room · 5 Room · Built 2002 · 76 years remaining lease MOP Cleared
Latest Sale
$636,000
Oct 2025 · 5 ROOM · #10-12
Median $/sqm
$4,475
Based on 30 transactions
Total Transactions
30
Since Jan 2017
5-Year Trend
▲ +46.8%
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 76 years remaining 99 years
76 years 3 months
Remaining lease
↓ 0.27%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 76 years remaining, decay is gradual (~0.27%/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
Oct 2025 10 TO 12 5 ROOM 110 sqm $636,000 $5,782
Jun 2025 04 TO 06 5 ROOM 110 sqm $615,000 $5,591
Jan 2025 04 TO 06 4 ROOM 85 sqm $515,000 $6,059
Oct 2024 13 TO 15 4 ROOM 85 sqm $535,000 $6,294
Sep 2024 01 TO 03 4 ROOM 86 sqm $505,000 $5,872
Jun 2024 07 TO 09 5 ROOM 110 sqm $595,000 $5,409
May 2024 07 TO 09 4 ROOM 86 sqm $505,888 $5,882
Nov 2023 13 TO 15 4 ROOM 85 sqm $500,000 $5,882
Jul 2023 13 TO 15 4 ROOM 85 sqm $480,000 $5,647
Nov 2022 10 TO 12 4 ROOM 85 sqm $463,000 $5,447
Oct 2022 13 TO 15 4 ROOM 85 sqm $503,888 $5,928
Dec 2021 07 TO 09 4 ROOM 85 sqm $430,000 $5,059
Oct 2021 13 TO 15 4 ROOM 85 sqm $410,000 $4,824
Sep 2021 04 TO 06 4 ROOM 85 sqm $410,000 $4,824
Jul 2021 13 TO 15 5 ROOM 110 sqm $525,000 $4,773
Feb 2021 04 TO 06 4 ROOM 85 sqm $335,000 $3,941
Feb 2021 13 TO 15 5 ROOM 110 sqm $428,000 $3,891
Jul 2020 13 TO 15 5 ROOM 110 sqm $412,000 $3,745
Jun 2020 07 TO 09 5 ROOM 110 sqm $396,000 $3,600
Nov 2019 10 TO 12 4 ROOM 86 sqm $342,000 $3,977
Showing 20 of 30 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 589B Montreal Drive

Block 589B at Montreal Drive is a residential HDB block in Sembawang, Singapore, built in 2002 with approximately 76 years remaining on its 99-year lease. The block contains 4 room, 5 room flats, with resale prices ranging from $310,000 to $636,000 based on 30 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 10 TO 12 sold for $636,000 in 2025-10. The current median price per square metre is $4,475. Over the past five years, resale prices at this block have increased by approximately 46.8%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9274, with an annual lease decay rate of approximately 0.27%. 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 589B Montreal Drive worth?

The most recent resale transaction at Block 589B Montreal Drive was $636,000 for a 5 room flat in 2025-10. The median price per square metre across all flat types is $4,475, based on 30 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 589B Montreal Drive?

Block 589B Montreal Drive was built in 2002 and has approximately 76 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 0.27%, meaning the leasehold value decreases by approximately 0.27% per year at the current remaining lease.

What flat types are available at Block 589B Montreal Drive?

Block 589B Montreal Drive in Sembawang contains 4 room, 5 room flats. Resale prices range from $310,000 to $636,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 589B Montreal Drive gone up or down?

Resale prices at Block 589B Montreal Drive have increased by approximately 46.8% over the past five years. The current median price is $420,000, with the most recent sale at $636,000 in 2025-10.

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