Block 587 Woodlands Drive 16

5 Room · Executive · Built 2001 · 74 years remaining lease MOP Cleared
Latest Sale
$825,000
Nov 2025 · EXECUTIVE · #10-12
Median $/sqm
$4,216
Based on 48 transactions
Total Transactions
48
Since Jan 2017
5-Year Trend
▲ +59.1%
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 74 years remaining 99 years
74 years 9 months
Remaining lease
↓ 0.29%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 74 years remaining, decay is gradual (~0.29%/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 2025 10 TO 12 EXECUTIVE 131 sqm $825,000 $6,298
May 2025 07 TO 09 5 ROOM 111 sqm $620,000 $5,586
Apr 2025 07 TO 09 5 ROOM 111 sqm $630,000 $5,676
Mar 2025 07 TO 09 EXECUTIVE 131 sqm $805,000 $6,145
Mar 2025 07 TO 09 EXECUTIVE 131 sqm $820,000 $6,260
Dec 2024 07 TO 09 EXECUTIVE 131 sqm $755,000 $5,763
Dec 2024 01 TO 03 EXECUTIVE 131 sqm $770,000 $5,878
May 2024 07 TO 09 5 ROOM 111 sqm $600,000 $5,405
Mar 2024 10 TO 12 5 ROOM 111 sqm $605,888 $5,458
Feb 2024 04 TO 06 5 ROOM 111 sqm $580,000 $5,225
Feb 2024 07 TO 09 EXECUTIVE 131 sqm $748,000 $5,710
Jan 2024 10 TO 12 EXECUTIVE 131 sqm $750,000 $5,725
Dec 2023 04 TO 06 5 ROOM 111 sqm $573,000 $5,162
Jun 2023 07 TO 09 5 ROOM 111 sqm $568,888 $5,125
May 2023 07 TO 09 5 ROOM 111 sqm $570,000 $5,135
Mar 2023 10 TO 12 5 ROOM 111 sqm $570,000 $5,135
Feb 2023 04 TO 06 EXECUTIVE 131 sqm $675,000 $5,153
Jan 2023 04 TO 06 5 ROOM 111 sqm $535,888 $4,828
Jan 2023 01 TO 03 EXECUTIVE 131 sqm $640,000 $4,885
Jul 2022 04 TO 06 EXECUTIVE 131 sqm $610,888 $4,663
Showing 20 of 48 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 587 Woodlands Drive 16

Block 587 at Woodlands Drive 16 is a residential HDB block in Woodlands, Singapore, built in 2001 with approximately 74 years remaining on its 99-year lease. The block contains 5 room, executive flats, with resale prices ranging from $378,000 to $825,000 based on 48 recorded transactions since January 2017. The most recent transaction was a executive flat on storeys 10 TO 12 sold for $825,000 in 2025-11. The current median price per square metre is $4,216. Over the past five years, resale prices at this block have increased by approximately 59.1%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9236, with an annual lease decay rate of approximately 0.29%. 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 587 Woodlands Drive 16 worth?

The most recent resale transaction at Block 587 Woodlands Drive 16 was $825,000 for a executive flat in 2025-11. The median price per square metre across all flat types is $4,216, based on 48 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 587 Woodlands Drive 16?

Block 587 Woodlands Drive 16 was built in 2001 and has approximately 74 years and 9 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.29%, meaning the leasehold value decreases by approximately 0.29% per year at the current remaining lease.

What flat types are available at Block 587 Woodlands Drive 16?

Block 587 Woodlands Drive 16 in Woodlands contains 5 room, executive flats. Resale prices range from $378,000 to $825,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 587 Woodlands Drive 16 gone up or down?

Resale prices at Block 587 Woodlands Drive 16 have increased by approximately 59.1% over the past five years. The current median price is $516,000, with the most recent sale at $825,000 in 2025-11.

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