Block 589 Woodlands Drive 16

5 Room · Executive · Built 2001 · 74 years remaining lease MOP Cleared
Latest Sale
$670,888
Feb 2026 · 5 ROOM · #07-09
Median $/sqm
$4,955
Based on 38 transactions
Total Transactions
38
Since Jan 2017
5-Year Trend
▲ +24.2%
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
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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 3 months
Remaining lease
↓ 0.30%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 74 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
Feb 2026 07 TO 09 5 ROOM 111 sqm $670,888 $6,044
Nov 2025 10 TO 12 EXECUTIVE 131 sqm $822,000 $6,275
Oct 2025 04 TO 06 5 ROOM 111 sqm $630,000 $5,676
Oct 2025 10 TO 12 EXECUTIVE 131 sqm $818,000 $6,244
Sep 2025 07 TO 09 5 ROOM 111 sqm $656,888 $5,918
Oct 2024 04 TO 06 5 ROOM 111 sqm $625,000 $5,631
Sep 2024 07 TO 09 EXECUTIVE 131 sqm $765,000 $5,840
May 2024 04 TO 06 EXECUTIVE 131 sqm $765,000 $5,840
Apr 2024 07 TO 09 EXECUTIVE 131 sqm $758,888 $5,793
Jan 2024 07 TO 09 5 ROOM 111 sqm $597,000 $5,378
Dec 2023 07 TO 09 EXECUTIVE 131 sqm $725,000 $5,534
Nov 2023 01 TO 03 5 ROOM 111 sqm $550,000 $4,955
Nov 2023 07 TO 09 5 ROOM 111 sqm $578,000 $5,207
Oct 2023 10 TO 12 EXECUTIVE 131 sqm $715,000 $5,458
Aug 2023 01 TO 03 EXECUTIVE 131 sqm $615,000 $4,695
Aug 2023 07 TO 09 EXECUTIVE 131 sqm $738,000 $5,634
Apr 2023 07 TO 09 5 ROOM 111 sqm $574,000 $5,171
Feb 2023 04 TO 06 5 ROOM 111 sqm $556,000 $5,009
Jan 2023 07 TO 09 5 ROOM 111 sqm $550,000 $4,955
Oct 2022 04 TO 06 5 ROOM 111 sqm $525,000 $4,730
Showing 20 of 38 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 589 Woodlands Drive 16

Block 589 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 $380,000 to $822,000 based on 38 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 07 TO 09 sold for $670,888 in 2026-02. The current median price per square metre is $4,955. Over the past five years, resale prices at this block have increased by approximately 24.2%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9223, 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 589 Woodlands Drive 16 worth?

The most recent resale transaction at Block 589 Woodlands Drive 16 was $670,888 for a 5 room flat in 2026-02. The median price per square metre across all flat types is $4,955, based on 38 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 589 Woodlands Drive 16?

Block 589 Woodlands Drive 16 was built in 2001 and has approximately 74 years and 3 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 589 Woodlands Drive 16?

Block 589 Woodlands Drive 16 in Woodlands contains 5 room, executive flats. Resale prices range from $380,000 to $822,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 589 Woodlands Drive 16 gone up or down?

Resale prices at Block 589 Woodlands Drive 16 have increased by approximately 24.2% over the past five years. The current median price is $553,000, with the most recent sale at $670,888 in 2026-02.

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