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Block 232 Pasir Ris Drive 4

4 Room · 5 Room · Built 1993 · 67 years remaining lease · Updated Aug 2025 MOP Cleared

Block 232 Pasir Ris Drive 4 has 15 recorded HDB resale transactions since 2017. Latest sale: $640,000 (Aug 2025, 4 room, floors 01–03). Median $3,915/sqm. Prices up 30.7% over the past five years. Built 1993, 67 years lease remaining.

Latest Sale
$640,000
Aug 2025 · 4 ROOM · Floor 01-03
Median $/sqm
$3,915
Based on 15 transactions
Total Transactions
15
Since Jan 2017
5-Year Trend
▲ +30.7%
Median price change
Median Price ?
Top 85%
#363 / 428 Top 85%
Latest Sale ?
Top 78%
#333 / 428 Top 78%
Value ($/sqm) ?
Top 96%
#413 / 428 Top 96%
5-Year Growth ?
Top 73%
#220 / 303 Top 73%
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
+5.5%/yr
vs
Lease Decay
−0.39%/yr
Growth assumption
Based on this block’s +30.7% 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 67 years remaining 99 years
67 years
Remaining lease
↓ 0.39%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 67 years remaining, decay is gradual (~0.39%/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). This block has too few rentals on record, so figures shown are the Pasir Ris average.

Flat type Median rent /mo Gross yield Based on
4-Room $3,300 typically $3,000–$3,500 6.2% Pasir Ris avg · block too thin
5-Room $3,550 typically $3,350–$3,800 5.8% Pasir Ris avg · block too thin
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 2 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
2 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 232 Pasir Ris Drive 4 in Pasir Ris, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.

See all HDB blocks in Pasir Ris
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
Aug 2025 01 TO 03 4 ROOM 107 sqm $640,000 $5,981
May 2025 07 TO 09 5 ROOM 128 sqm $708,000 $5,531
May 2025 10 TO 12 5 ROOM 127 sqm $730,000 $5,748
Aug 2024 07 TO 09 5 ROOM 127 sqm $670,000 $5,276
Apr 2023 01 TO 03 4 ROOM 107 sqm $512,000 $4,785
Oct 2022 01 TO 03 4 ROOM 107 sqm $486,000 $4,542
Oct 2021 07 TO 09 5 ROOM 127 sqm $550,000 $4,331
Jan 2020 04 TO 06 5 ROOM 127 sqm $465,000 $3,661
Aug 2019 04 TO 06 4 ROOM 106 sqm $415,000 $3,915
Jun 2019 01 TO 03 5 ROOM 127 sqm $465,000 $3,661
Apr 2019 13 TO 15 5 ROOM 127 sqm $485,000 $3,819
Feb 2019 01 TO 03 4 ROOM 107 sqm $370,000 $3,458
Jan 2019 04 TO 06 5 ROOM 128 sqm $460,000 $3,594
Jul 2017 07 TO 09 5 ROOM 125 sqm $478,000 $3,824
Mar 2017 04 TO 06 5 ROOM 128 sqm $465,000 $3,633
Showing 15 of 15 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 232 Pasir Ris Drive 4

Block 232 Pasir Ris Drive 4 in Pasir Ris has been a strong performer, with resale prices up roughly 30.7% over five years. Its median sits about 14% below the Pasir Ris median, cheaper than about 85% of the town's blocks. It has a relatively light resale record, with 15 transactions since 2017 across 4 room, 5 room flats priced from $370,000 to $730,000. The most recent transaction was a 4 room flat on storeys 01 TO 03 at $640,000 in Aug 2025, and the median works out to $3,915/sqm. Higher floors carry a premium, with the 07 TO 09 band trading roughly 31% above the 04 TO 06 band. Under Bala's Table (the SLA leasehold valuation model), its leasehold relativity ratio is 0.9002, an annual lease decay of about 0.39%. All transaction data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 232 Pasir Ris Drive 4 worth?

The most recent resale transaction at Block 232 Pasir Ris Drive 4 was $640,000 for a 4 room flat in 2025-08. The median price per square metre across all flat types is $3,915, based on 15 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 232 Pasir Ris Drive 4?

Block 232 Pasir Ris Drive 4 was built in 1993 and has approximately 67 years remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.39%, meaning the leasehold value decreases by approximately 0.39% per year at the current remaining lease.

What flat types are available at Block 232 Pasir Ris Drive 4?

Block 232 Pasir Ris Drive 4 in Pasir Ris contains 4 room, 5 room flats. Resale prices range from $370,000 to $730,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 232 Pasir Ris Drive 4 gone up or down?

Resale prices at Block 232 Pasir Ris Drive 4 have increased by approximately 30.7% over the past five years. The current median price is $485,000, with the most recent sale at $640,000 in 2025-08.

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