Block 583 Woodlands Drive 16

Executive · Built 2001 · 75 years remaining lease MOP Cleared
Latest Sale
$793,000
Nov 2024 · EXECUTIVE · #07-09
Median $/sqm
$4,008
Based on 19 transactions
Total Transactions
19
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 75 years remaining 99 years
75 years 7 months
Remaining lease
↓ 0.28%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 75 years remaining, decay is gradual (~0.28%/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
Nov 2024 07 TO 09 EXECUTIVE 131 sqm $793,000 $6,053
Oct 2024 04 TO 06 EXECUTIVE 131 sqm $760,000 $5,802
Aug 2024 07 TO 09 EXECUTIVE 131 sqm $780,000 $5,954
May 2024 07 TO 09 EXECUTIVE 131 sqm $755,000 $5,763
Apr 2024 01 TO 03 EXECUTIVE 131 sqm $685,000 $5,229
Aug 2023 01 TO 03 EXECUTIVE 131 sqm $670,000 $5,115
Jul 2023 10 TO 12 EXECUTIVE 131 sqm $725,000 $5,534
Apr 2022 10 TO 12 EXECUTIVE 131 sqm $680,000 $5,191
Oct 2021 10 TO 12 EXECUTIVE 131 sqm $603,000 $4,603
Oct 2020 04 TO 06 EXECUTIVE 131 sqm $525,000 $4,008
Aug 2020 10 TO 12 EXECUTIVE 131 sqm $518,000 $3,954
Jul 2020 04 TO 06 EXECUTIVE 131 sqm $520,888 $3,976
Feb 2020 04 TO 06 EXECUTIVE 131 sqm $510,000 $3,893
Jan 2020 07 TO 09 EXECUTIVE 131 sqm $500,000 $3,817
Dec 2019 04 TO 06 EXECUTIVE 131 sqm $485,000 $3,702
Aug 2019 10 TO 12 EXECUTIVE 131 sqm $510,000 $3,893
Dec 2018 07 TO 09 EXECUTIVE 131 sqm $520,000 $3,969
Jun 2018 04 TO 06 EXECUTIVE 131 sqm $488,000 $3,725
Sep 2017 01 TO 03 EXECUTIVE 131 sqm $485,000 $3,702
Showing 19 of 19 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 583 Woodlands Drive 16

Block 583 at Woodlands Drive 16 is a residential HDB block in Woodlands, Singapore, built in 2001 with approximately 75 years remaining on its 99-year lease. The block contains executive flats, with resale prices ranging from $485,000 to $793,000 based on 19 recorded transactions since January 2017. The most recent transaction was a executive flat on storeys 07 TO 09 sold for $793,000 in 2024-11. The current median price per square metre is $4,008. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9257, with an annual lease decay rate of approximately 0.28%. 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 583 Woodlands Drive 16 worth?

The most recent resale transaction at Block 583 Woodlands Drive 16 was $793,000 for a executive flat in 2024-11. The median price per square metre across all flat types is $4,008, based on 19 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 583 Woodlands Drive 16?

Block 583 Woodlands Drive 16 was built in 2001 and has approximately 75 years and 7 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.28%, meaning the leasehold value decreases by approximately 0.28% per year at the current remaining lease.

What flat types are available at Block 583 Woodlands Drive 16?

Block 583 Woodlands Drive 16 in Woodlands contains executive flats. Resale prices range from $485,000 to $793,000 based on historical transaction records from data.gov.sg.

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