Block 638 Pasir Ris Drive 1

5 Room · Built 1995 · 70 years remaining lease MOP Cleared
Latest Sale
$650,000
Jul 2023 · 5 ROOM · #07-09
Median $/sqm
$4,541
Based on 10 transactions
Total Transactions
10
Since Jan 2017
5-Year Trend
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Insufficient data
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 70 years remaining 99 years
70 years 10 months
Remaining lease
↓ 0.34%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 70 years remaining, decay is gradual (~0.34%/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
Jul 2023 07 TO 09 5 ROOM 123 sqm $650,000 $5,285
Apr 2023 10 TO 12 5 ROOM 122 sqm $690,000 $5,656
Jun 2022 07 TO 09 5 ROOM 120 sqm $618,000 $5,150
Jan 2022 13 TO 15 5 ROOM 121 sqm $565,000 $4,669
Dec 2021 07 TO 09 5 ROOM 123 sqm $575,000 $4,675
Feb 2021 10 TO 12 5 ROOM 121 sqm $533,880 $4,412
Dec 2019 01 TO 03 5 ROOM 120 sqm $475,000 $3,958
Aug 2018 01 TO 03 5 ROOM 122 sqm $440,000 $3,607
Apr 2017 07 TO 09 5 ROOM 123 sqm $468,000 $3,805
Apr 2017 07 TO 09 5 ROOM 123 sqm $468,000 $3,805
Showing 10 of 10 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 638 Pasir Ris Drive 1

Block 638 at Pasir Ris Drive 1 is a residential HDB block in Pasir Ris, Singapore, built in 1995 with approximately 70 years remaining on its 99-year lease. The block contains 5 room flats, with resale prices ranging from $440,000 to $690,000 based on 10 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 07 TO 09 sold for $650,000 in 2023-07. The current median price per square metre is $4,541. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9126, with an annual lease decay rate of approximately 0.34%. 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 638 Pasir Ris Drive 1 worth?

The most recent resale transaction at Block 638 Pasir Ris Drive 1 was $650,000 for a 5 room flat in 2023-07. The median price per square metre across all flat types is $4,541, based on 10 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 638 Pasir Ris Drive 1?

Block 638 Pasir Ris Drive 1 was built in 1995 and has approximately 70 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 0.34%, meaning the leasehold value decreases by approximately 0.34% per year at the current remaining lease.

What flat types are available at Block 638 Pasir Ris Drive 1?

Block 638 Pasir Ris Drive 1 in Pasir Ris contains 5 room flats. Resale prices range from $440,000 to $690,000 based on historical transaction records from data.gov.sg.

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