Block 579 Pasir Ris Street 53

Executive · Built 1995 · 71 years remaining lease MOP Cleared
Latest Sale
$848,888
May 2023 · EXECUTIVE · #01-03
Median $/sqm
$5,368
Based on 6 transactions
Total Transactions
6
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 71 years remaining 99 years
71 years 6 months
Remaining lease
↓ 0.33%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 71 years remaining, decay is gradual (~0.33%/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
May 2023 01 TO 03 EXECUTIVE 148 sqm $848,888 $5,736
Mar 2022 10 TO 12 EXECUTIVE 145 sqm $848,888 $5,854
Oct 2021 07 TO 09 EXECUTIVE 147 sqm $860,000 $5,850
Jul 2021 04 TO 06 EXECUTIVE 147 sqm $735,000 $5,000
May 2021 01 TO 03 EXECUTIVE 146 sqm $720,000 $4,932
Apr 2018 04 TO 06 EXECUTIVE 145 sqm $685,000 $4,724
Showing 6 of 6 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 579 Pasir Ris Street 53

Block 579 at Pasir Ris Street 53 is a residential HDB block in Pasir Ris, Singapore, built in 1995 with approximately 71 years remaining on its 99-year lease. The block contains executive flats, with resale prices ranging from $685,000 to $860,000 based on 6 recorded transactions since January 2017. The most recent transaction was a executive flat on storeys 01 TO 03 sold for $848,888 in 2023-05. The current median price per square metre is $5,368. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9145, with an annual lease decay rate of approximately 0.33%. 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 579 Pasir Ris Street 53 worth?

The most recent resale transaction at Block 579 Pasir Ris Street 53 was $848,888 for a executive flat in 2023-05. The median price per square metre across all flat types is $5,368, based on 6 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 579 Pasir Ris Street 53?

Block 579 Pasir Ris Street 53 was built in 1995 and has approximately 71 years and 6 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.33%, meaning the leasehold value decreases by approximately 0.33% per year at the current remaining lease.

What flat types are available at Block 579 Pasir Ris Street 53?

Block 579 Pasir Ris Street 53 in Pasir Ris contains executive flats. Resale prices range from $685,000 to $860,000 based on historical transaction records from data.gov.sg.

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