Block 23B Queen'S Close

4 Room · Built 1973 · 47 years remaining lease MOP Cleared
Latest Sale
$485,000
Apr 2025 · 4 ROOM · #01-03
Median $/sqm
$4,904
Based on 16 transactions
Total Transactions
16
Since Jan 2017
5-Year Trend
▲ +1.7%
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 47 years remaining 99 years
47 years 2 months
Remaining lease
↓ 0.86%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 47 years remaining, decay is gradual (~0.86%/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
Apr 2025 01 TO 03 4 ROOM 89 sqm $485,000 $5,449
Jan 2025 07 TO 09 4 ROOM 89 sqm $400,000 $4,494
Jul 2024 01 TO 03 4 ROOM 89 sqm $465,000 $5,225
Jan 2024 07 TO 09 4 ROOM 89 sqm $500,000 $5,618
Oct 2023 07 TO 09 4 ROOM 89 sqm $472,500 $5,309
Oct 2022 07 TO 09 4 ROOM 89 sqm $550,000 $6,180
Apr 2022 04 TO 06 4 ROOM 89 sqm $438,000 $4,921
Jan 2022 04 TO 06 4 ROOM 89 sqm $465,000 $5,225
Nov 2021 04 TO 06 4 ROOM 89 sqm $456,000 $5,124
Oct 2021 07 TO 09 4 ROOM 89 sqm $435,000 $4,888
May 2021 04 TO 06 4 ROOM 89 sqm $408,000 $4,584
Aug 2020 07 TO 09 4 ROOM 89 sqm $402,500 $4,522
Jan 2020 04 TO 06 4 ROOM 89 sqm $400,000 $4,494
Jan 2020 07 TO 09 4 ROOM 89 sqm $425,000 $4,775
Jan 2020 07 TO 09 4 ROOM 89 sqm $420,000 $4,719
Dec 2019 01 TO 03 4 ROOM 89 sqm $400,000 $4,494
Showing 16 of 16 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 23B Queen'S Close

Block 23B at Queen'S Close is a residential HDB block in Queenstown, Singapore, built in 1973 with approximately 47 years remaining on its 99-year lease. The block contains 4 room flats, with resale prices ranging from $400,000 to $550,000 based on 16 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 01 TO 03 sold for $485,000 in 2025-04. The current median price per square metre is $4,904. Over the past five years, resale prices at this block have increased by approximately 1.7%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8026, with an annual lease decay rate of approximately 0.86%. 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 23B Queen'S Close worth?

The most recent resale transaction at Block 23B Queen'S Close was $485,000 for a 4 room flat in 2025-04. The median price per square metre across all flat types is $4,904, based on 16 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 23B Queen'S Close?

Block 23B Queen'S Close was built in 1973 and has approximately 47 years and 2 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.86%, meaning the leasehold value decreases by approximately 0.86% per year at the current remaining lease.

What flat types are available at Block 23B Queen'S Close?

Block 23B Queen'S Close in Queenstown contains 4 room flats. Resale prices range from $400,000 to $550,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 23B Queen'S Close gone up or down?

Resale prices at Block 23B Queen'S Close have increased by approximately 1.7% over the past five years. The current median price is $436,500, with the most recent sale at $485,000 in 2025-04.

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