Block 123B Rivervale Drive

4 Room · 5 Room · Built 1999 · 73 years remaining lease MOP Cleared
Latest Sale
$590,000
May 2025 · 4 ROOM · #04-06
Median $/sqm
$4,243
Based on 18 transactions
Total Transactions
18
Since Jan 2017
5-Year Trend
▲ +29%
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 73 years remaining 99 years
73 years 5 months
Remaining lease
↓ 0.30%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 73 years remaining, decay is gradual (~0.30%/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 2025 04 TO 06 4 ROOM 101 sqm $590,000 $5,842
Jul 2024 01 TO 03 5 ROOM 115 sqm $588,000 $5,113
Oct 2023 13 TO 15 4 ROOM 101 sqm $513,888 $5,088
Aug 2023 04 TO 06 5 ROOM 116 sqm $595,000 $5,129
Jan 2023 13 TO 15 5 ROOM 115 sqm $590,000 $5,130
Dec 2022 10 TO 12 4 ROOM 101 sqm $498,000 $4,931
Jul 2022 04 TO 06 5 ROOM 115 sqm $510,000 $4,435
Feb 2022 13 TO 15 5 ROOM 115 sqm $515,000 $4,478
Feb 2022 16 TO 18 5 ROOM 116 sqm $515,000 $4,440
Jun 2021 04 TO 06 5 ROOM 116 sqm $470,000 $4,052
Apr 2021 10 TO 12 5 ROOM 115 sqm $445,000 $3,870
Oct 2020 04 TO 06 4 ROOM 102 sqm $395,000 $3,873
Jun 2020 13 TO 15 5 ROOM 115 sqm $430,000 $3,739
Dec 2019 01 TO 03 4 ROOM 101 sqm $342,000 $3,386
Nov 2019 10 TO 12 5 ROOM 115 sqm $410,000 $3,565
Nov 2018 13 TO 15 4 ROOM 101 sqm $380,000 $3,762
Oct 2017 13 TO 15 5 ROOM 115 sqm $398,000 $3,461
Mar 2017 04 TO 06 5 ROOM 116 sqm $405,000 $3,491
Showing 18 of 18 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 123B Rivervale Drive

Block 123B at Rivervale Drive is a residential HDB block in Sengkang, Singapore, built in 1999 with approximately 73 years remaining on its 99-year lease. The block contains 4 room, 5 room flats, with resale prices ranging from $342,000 to $595,000 based on 18 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 04 TO 06 sold for $590,000 in 2025-05. The current median price per square metre is $4,243. Over the past five years, resale prices at this block have increased by approximately 29%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9200, with an annual lease decay rate of approximately 0.30%. 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 123B Rivervale Drive worth?

The most recent resale transaction at Block 123B Rivervale Drive was $590,000 for a 4 room flat in 2025-05. The median price per square metre across all flat types is $4,243, based on 18 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 123B Rivervale Drive?

Block 123B Rivervale Drive was built in 1999 and has approximately 73 years and 5 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.30%, meaning the leasehold value decreases by approximately 0.30% per year at the current remaining lease.

What flat types are available at Block 123B Rivervale Drive?

Block 123B Rivervale Drive in Sengkang contains 4 room, 5 room flats. Resale prices range from $342,000 to $595,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 123B Rivervale Drive gone up or down?

Resale prices at Block 123B Rivervale Drive have increased by approximately 29% over the past five years. The current median price is $484,000, with the most recent sale at $590,000 in 2025-05.

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