Block 588 Woodlands Drive 16

4 Room · Built 2001 · 74 years remaining lease MOP Cleared
Latest Sale
$600,000
Jan 2026 · 4 ROOM · #10-12
Median $/sqm
$4,890
Based on 25 transactions
Total Transactions
25
Since Jan 2017
5-Year Trend
▲ +28.2%
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
--
Future Value Projection
Estimated value in --
--
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.
Track this unit's value Get notified when new sales happen in Block 588
You'll receive updates when new transactions are recorded for this block.
Lease Decay Projection
0 years 74 years remaining 99 years
74 years 4 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
Jan 2026 10 TO 12 4 ROOM 91 sqm $600,000 $6,593
Nov 2025 04 TO 06 4 ROOM 91 sqm $550,000 $6,044
Aug 2025 01 TO 03 4 ROOM 91 sqm $545,000 $5,989
Mar 2025 07 TO 09 4 ROOM 91 sqm $565,000 $6,209
Nov 2024 07 TO 09 4 ROOM 91 sqm $525,000 $5,769
Aug 2024 07 TO 09 4 ROOM 91 sqm $510,000 $5,604
Mar 2024 04 TO 06 4 ROOM 91 sqm $505,000 $5,549
Mar 2023 10 TO 12 4 ROOM 91 sqm $496,888 $5,460
Jan 2023 01 TO 03 4 ROOM 91 sqm $470,000 $5,165
May 2022 10 TO 12 4 ROOM 91 sqm $487,000 $5,352
Apr 2022 04 TO 06 4 ROOM 91 sqm $445,000 $4,890
Apr 2022 04 TO 06 4 ROOM 91 sqm $470,000 $5,165
Nov 2021 04 TO 06 4 ROOM 91 sqm $473,000 $5,198
Jul 2021 07 TO 09 4 ROOM 91 sqm $435,000 $4,780
Jun 2021 04 TO 06 4 ROOM 91 sqm $420,000 $4,615
Jul 2020 10 TO 12 4 ROOM 91 sqm $415,000 $4,560
Mar 2020 07 TO 09 4 ROOM 91 sqm $377,000 $4,143
Mar 2020 10 TO 12 4 ROOM 91 sqm $405,000 $4,451
Jan 2020 10 TO 12 4 ROOM 91 sqm $383,000 $4,209
Jul 2019 01 TO 03 4 ROOM 91 sqm $360,000 $3,956
Showing 20 of 25 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 588 Woodlands Drive 16

Block 588 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 4 room flats, with resale prices ranging from $345,000 to $600,000 based on 25 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 10 TO 12 sold for $600,000 in 2026-01. The current median price per square metre is $4,890. Over the past five years, resale prices at this block have increased by approximately 28.2%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9225, 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 588 Woodlands Drive 16 worth?

The most recent resale transaction at Block 588 Woodlands Drive 16 was $600,000 for a 4 room flat in 2026-01. The median price per square metre across all flat types is $4,890, based on 25 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 588 Woodlands Drive 16?

Block 588 Woodlands Drive 16 was built in 2001 and has approximately 74 years and 4 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 588 Woodlands Drive 16?

Block 588 Woodlands Drive 16 in Woodlands contains 4 room flats. Resale prices range from $345,000 to $600,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 588 Woodlands Drive 16 gone up or down?

Resale prices at Block 588 Woodlands Drive 16 have increased by approximately 28.2% over the past five years. The current median price is $445,000, with the most recent sale at $600,000 in 2026-01.

Link copied to clipboard