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Block 704 Woodlands Drive 40

4 Room · 5 Room · Built 1996 · 70 years remaining lease · Updated Dec 2024 MOP Cleared

Block 704 Woodlands Drive 40 has 27 recorded HDB resale transactions since 2017. Latest sale: $657,000 (Dec 2024, 5 room, floors 04–06). Median $4,118/sqm. Built 1996, 70 years lease remaining.

Latest Sale
$657,000
Dec 2024 · 5 ROOM · Floor 04-06
Median $/sqm
$4,118
Based on 27 transactions
Total Transactions
27
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 69%
#474 / 689 Top 69%
Latest Sale ?
Top 32%
#218 / 689 Top 32%
Value ($/sqm) ?
Top 70%
#481 / 689 Top 70%
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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How we estimate this →
Future Value Projection
Market Appreciation
+3%/yr
vs
Lease Decay
−0.33%/yr
Growth assumption
Using default rate (insufficient transaction history for this block)
Estimated value in --
--
Market appreciation --
Lease decay --
Net effect --
Projection uses Bala's Table (SLA leasehold model) for lease decay and your selected growth rate for appreciation. Lease decay is non-linear and accelerates as remaining lease shortens. Past growth does not guarantee future performance. Not financial advice.
Lease Decay Projection
0 years 70 years remaining 99 years
70 years 11 months
Remaining lease
↓ 0.33%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 70 years remaining, decay is gradual (~0.33%/yr). It accelerates significantly below 40 years. Market appreciation (historically 2-4%/yr) currently outpaces lease decay for this block.
Rental & Yield

What this block rents for, and the gross rental yield (annual rent ÷ resale price). This block has too few rentals on record, so figures shown are the Woodlands average.

Flat type Median rent /mo Gross yield Based on
4-Room $3,100 typically $2,900–$3,250 6.7% Woodlands avg · block too thin
5-Room $3,300 typically $3,050–$3,500 6% Woodlands avg · block too thin
Gross yield is annual rent before maintenance, property tax, and vacancy, so net return is lower. Renting out a whole HDB flat requires meeting the 5-year Minimum Occupation Period and HDB approval. Rents are owner-declared to HDB and unverified.
Source: HDB Renting Out of Flats, data.gov.sg (Singapore Open Data Licence).
Primary schools nearby

This block is inside the 1 km Primary 1 priority zone for 6 popular schools. When a school is oversubscribed, MOE ballots by home–school distance, and homes within 1 km are drawn first.

Compare homes near all 50 popular schools
Distances are straight-line estimates from this block, indicative only. MOE measures from its own school reference point, so confirm the exact distance before relying on it.
Where this home sits, and its schools
6 schools in the 1 km top-priority zone
  • This home
  • School within 1 km
  • School 1–2 km
  • 1km ring, top priority
  • 2km ring, next tier

Straight-line distances, the basis MOE uses for Home–School Distance priority. Tap a school to open it. Map © OneMap, SLA.

Nearby comparable homes

Other HDB blocks closest to Block 704 Woodlands Drive 40 in Woodlands, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.

See all HDB blocks in Woodlands
Distances are straight-line estimates from this home, indicative only. Prices are medians of recorded resale transactions, not asking prices.
All Transactions
Date Floor Type Area Price $/sqm
Dec 2024 04 TO 06 5 ROOM 119 sqm $657,000 $5,521
Oct 2024 10 TO 12 4 ROOM 99 sqm $570,000 $5,758
May 2024 10 TO 12 4 ROOM 100 sqm $556,800 $5,568
Feb 2024 07 TO 09 5 ROOM 119 sqm $615,000 $5,168
Aug 2023 04 TO 06 4 ROOM 102 sqm $495,000 $4,853
Jul 2023 04 TO 06 5 ROOM 119 sqm $572,000 $4,807
Jul 2023 07 TO 09 5 ROOM 119 sqm $585,000 $4,916
Apr 2023 04 TO 06 4 ROOM 102 sqm $480,000 $4,706
Mar 2023 04 TO 06 5 ROOM 119 sqm $578,000 $4,857
Feb 2023 10 TO 12 4 ROOM 100 sqm $540,000 $5,400
Sep 2022 04 TO 06 5 ROOM 118 sqm $540,000 $4,576
Sep 2022 07 TO 09 5 ROOM 119 sqm $628,000 $5,277
May 2021 07 TO 09 4 ROOM 102 sqm $420,000 $4,118
May 2021 10 TO 12 4 ROOM 102 sqm $425,000 $4,167
Apr 2021 01 TO 03 4 ROOM 99 sqm $390,000 $3,939
Mar 2021 04 TO 06 5 ROOM 118 sqm $468,000 $3,966
Nov 2020 01 TO 03 4 ROOM 102 sqm $370,000 $3,627
Sep 2020 04 TO 06 4 ROOM 102 sqm $340,000 $3,333
Aug 2020 04 TO 06 5 ROOM 119 sqm $430,000 $3,613
Sep 2019 10 TO 12 4 ROOM 99 sqm $342,000 $3,455
Showing 20 of 27 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 704 Woodlands Drive 40

Block 704 Woodlands Drive 40 is a mature HDB block in Woodlands, built in 1996 with about 70 years remaining on its 99-year lease. Its median sits about 9% below the Woodlands median, cheaper than about 68% of the town's blocks. It has a regular flow of resale activity, with 27 transactions since 2017 across 4 room, 5 room flats priced from $305,000 to $657,000. The most recent transaction was a 5 room flat on storeys 04 TO 06 at $657,000 in Dec 2024, and the median works out to $4,118/sqm. Floor level matters here: units on the higher 10 TO 12 band have sold around 38% above those on the 01 TO 03 band. On Bala's Table, the SLA's leasehold valuation model, its relativity ratio works out to 0.9128, equivalent to roughly 0.33% of lease-value decay a year. All transaction data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 704 Woodlands Drive 40 worth?

The most recent resale transaction at Block 704 Woodlands Drive 40 was $657,000 for a 5 room flat in 2024-12. The median price per square metre across all flat types is $4,118, based on 27 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 704 Woodlands Drive 40?

Block 704 Woodlands Drive 40 was built in 1996 and has approximately 70 years and 11 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.33%, meaning the leasehold value decreases by approximately 0.33% per year at the current remaining lease.

What flat types are available at Block 704 Woodlands Drive 40?

Block 704 Woodlands Drive 40 in Woodlands contains 4 room, 5 room flats. Resale prices range from $305,000 to $657,000 based on historical transaction records from data.gov.sg.

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