Block 32 New Market Road

2 Room · 3 Room · Built 1983 · 56 years remaining lease MOP Cleared
Latest Sale
$390,000
Nov 2025 · 2 ROOM · #07-09
Median $/sqm
$6,731
Based on 21 transactions
Total Transactions
21
Since Jan 2017
5-Year Trend
▲ +12.5%
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 56 years remaining 99 years
56 years 5 months
Remaining lease
↓ 0.59%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 56 years remaining, decay is gradual (~0.59%/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
Nov 2025 07 TO 09 2 ROOM 52 sqm $390,000 $7,500
Sep 2025 07 TO 09 2 ROOM 52 sqm $395,000 $7,596
Jun 2025 07 TO 09 2 ROOM 52 sqm $393,333 $7,564
Feb 2025 07 TO 09 2 ROOM 52 sqm $391,888 $7,536
Aug 2024 07 TO 09 3 ROOM 66 sqm $466,000 $7,061
Jun 2024 04 TO 06 2 ROOM 52 sqm $388,000 $7,462
Sep 2023 04 TO 06 2 ROOM 52 sqm $360,000 $6,923
Jun 2023 04 TO 06 2 ROOM 63 sqm $430,000 $6,825
Jan 2023 07 TO 09 2 ROOM 52 sqm $370,800 $7,131
Nov 2022 07 TO 09 2 ROOM 52 sqm $350,000 $6,731
Sep 2022 04 TO 06 2 ROOM 52 sqm $353,000 $6,788
Aug 2022 07 TO 09 2 ROOM 63 sqm $420,000 $6,667
Apr 2022 04 TO 06 2 ROOM 52 sqm $330,000 $6,346
Mar 2021 04 TO 06 2 ROOM 52 sqm $308,000 $5,923
Jan 2021 04 TO 06 3 ROOM 66 sqm $390,000 $5,909
Oct 2020 07 TO 09 2 ROOM 52 sqm $318,000 $6,115
Jun 2018 07 TO 09 2 ROOM 52 sqm $318,000 $6,115
Aug 2017 07 TO 09 2 ROOM 52 sqm $295,000 $5,673
Apr 2017 07 TO 09 3 ROOM 66 sqm $380,000 $5,758
Mar 2017 04 TO 06 3 ROOM 66 sqm $386,000 $5,848
Showing 20 of 21 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 32 New Market Road

Block 32 at New Market Road is a residential HDB block in Central Area, Singapore, built in 1983 with approximately 56 years remaining on its 99-year lease. The block contains 2 room, 3 room flats, with resale prices ranging from $295,000 to $466,000 based on 21 recorded transactions since January 2017. The most recent transaction was a 2 room flat on storeys 07 TO 09 sold for $390,000 in 2025-11. The current median price per square metre is $6,731. Over the past five years, resale prices at this block have increased by approximately 12.5%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8564, with an annual lease decay rate of approximately 0.59%. 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 32 New Market Road worth?

The most recent resale transaction at Block 32 New Market Road was $390,000 for a 2 room flat in 2025-11. The median price per square metre across all flat types is $6,731, based on 21 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 32 New Market Road?

Block 32 New Market Road was built in 1983 and has approximately 56 years and 5 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.59%, meaning the leasehold value decreases by approximately 0.59% per year at the current remaining lease.

What flat types are available at Block 32 New Market Road?

Block 32 New Market Road in Central Area contains 2 room, 3 room flats. Resale prices range from $295,000 to $466,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 32 New Market Road gone up or down?

Resale prices at Block 32 New Market Road have increased by approximately 12.5% over the past five years. The current median price is $386,000, with the most recent sale at $390,000 in 2025-11.

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