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Block 579 Pasir Ris Street 53

Executive · Built 1995 · 71 years remaining lease · Updated May 2023 MOP Cleared

Block 579 Pasir Ris Street 53 has 6 recorded HDB resale transactions since 2017. Latest sale: $848,888 (May 2023, executive, floors 01–03). Median $5,368/sqm. Built 1995, 71 years lease remaining.

Latest Sale
$848,888
May 2023 · EXECUTIVE · Floor 01-03
Median $/sqm
$5,368
Based on 6 transactions
Total Transactions
6
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 7%
#32 / 428 Top 7%
Latest Sale ?
Top 28%
#120 / 428 Top 28%
Value ($/sqm) ?
Top 14%
#58 / 428 Top 14%
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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How we estimate this →
Future Value Projection
Market Appreciation
+3%/yr
vs
Lease Decay
−0.33%/yr
Growth assumption
Using default rate (insufficient transaction history for this block)
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 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.
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
Executive $3,800 typically $3,500–$4,000 4.9% 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 579 Pasir Ris Street 53 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
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 Pasir Ris Street 53 is among the priciest HDB blocks in Pasir Ris, with a median of $791,944 that runs higher than about 93% of the town's blocks. It has a relatively light resale record, with 6 transactions since 2017 across executive flats priced from $685,000 to $860,000. The most recent transaction was an executive flat on storeys 01 TO 03 at $848,888 in May 2023, and the median works out to $5,368/sqm. On Bala's Table, the SLA's leasehold valuation model, its relativity ratio works out to 0.9145, equivalent to roughly 0.33% of lease-value decay a year. All transaction data is sourced from data.gov.sg and 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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