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Block 537 Bukit Panjang Ring Road

4 Room · 5 Room · Built 1999 · 72 years remaining lease · Updated Jan 2026 MOP Cleared

Block 537 Bukit Panjang Ring Road has 33 recorded HDB resale transactions since 2017. Latest sale: $739,888 (Jan 2026, 5 room, floors 13–15). Median $4,850/sqm. Prices up 23.3% over the past five years. Built 1999, 72 years lease remaining.

Latest Sale
$739,888
Jan 2026 · 5 ROOM · Floor 13-15
Median $/sqm
$4,850
Based on 33 transactions
Total Transactions
33
Since Jan 2017
5-Year Trend
▲ +23.3%
Median price change
Median Price ?
Top 30%
#99 / 335 Top 30%
Latest Sale ?
Top 21%
#72 / 335 Top 21%
Value ($/sqm) ?
Top 35%
#116 / 335 Top 35%
5-Year Growth ?
Top 88%
#213 / 243 Top 88%
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
Market Appreciation
+4.3%/yr
vs
Lease Decay
−0.32%/yr
Growth assumption
Based on this block’s +23.3% growth over 5 years
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 72 years remaining 99 years
72 years 6 months
Remaining lease
↓ 0.32%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 72 years remaining, decay is gradual (~0.32%/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 Bukit Panjang average.

Flat type Median rent /mo Gross yield Based on
4-Room $3,000 typically $2,850–$3,200 6.3% Bukit Panjang avg · block too thin
5-Room $3,250 typically $3,100–$3,450 5.5% Bukit Panjang 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

No popular school is within 1 km, but 1sits in the 1–2 km second-priority band.

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.
All Transactions
Date Floor Type Area Price $/sqm
Jan 2026 13 TO 15 5 ROOM 122 sqm $739,888 $6,065
Sep 2025 16 TO 18 5 ROOM 122 sqm $763,000 $6,254
Apr 2025 07 TO 09 4 ROOM 100 sqm $600,000 $6,000
Feb 2025 13 TO 15 4 ROOM 100 sqm $620,000 $6,200
Oct 2024 07 TO 09 5 ROOM 122 sqm $785,888 $6,442
Aug 2024 16 TO 18 5 ROOM 121 sqm $765,000 $6,322
Jun 2024 04 TO 06 5 ROOM 122 sqm $731,888 $5,999
Mar 2024 07 TO 09 4 ROOM 99 sqm $540,000 $5,455
Feb 2024 13 TO 15 5 ROOM 122 sqm $700,000 $5,738
Nov 2022 10 TO 12 4 ROOM 100 sqm $498,000 $4,980
Sep 2022 07 TO 09 5 ROOM 121 sqm $632,000 $5,223
Sep 2022 22 TO 24 5 ROOM 122 sqm $708,000 $5,803
Jul 2022 04 TO 06 4 ROOM 100 sqm $485,000 $4,850
Mar 2022 01 TO 03 4 ROOM 100 sqm $440,000 $4,400
Feb 2022 10 TO 12 5 ROOM 121 sqm $615,000 $5,083
Nov 2021 07 TO 09 4 ROOM 100 sqm $469,800 $4,698
Sep 2021 22 TO 24 5 ROOM 122 sqm $634,288 $5,199
Aug 2021 10 TO 12 4 ROOM 99 sqm $490,000 $4,949
Jul 2021 04 TO 06 5 ROOM 122 sqm $570,000 $4,672
Jun 2021 16 TO 18 5 ROOM 122 sqm $625,000 $5,123
Showing 20 of 33 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 537 Bukit Panjang Ring Road

Block 537 at Bukit Panjang Ring Road is a residential HDB block in Bukit Panjang, Singapore, built in 1999 with approximately 72 years remaining on its 99-year lease. The block contains 4 room, 5 room flats, with resale prices ranging from $385,000 to $785,888 based on 33 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 13 TO 15 sold for $739,888 in 2026-01. The current median price per square metre is $4,850. Over the past five years, resale prices at this block have increased by approximately 23.3%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9174, with an annual lease decay rate of approximately 0.32%. 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 537 Bukit Panjang Ring Road worth?

The most recent resale transaction at Block 537 Bukit Panjang Ring Road was $739,888 for a 5 room flat in 2026-01. The median price per square metre across all flat types is $4,850, based on 33 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 537 Bukit Panjang Ring Road?

Block 537 Bukit Panjang Ring Road was built in 1999 and has approximately 72 years and 6 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.32%, meaning the leasehold value decreases by approximately 0.32% per year at the current remaining lease.

What flat types are available at Block 537 Bukit Panjang Ring Road?

Block 537 Bukit Panjang Ring Road in Bukit Panjang contains 4 room, 5 room flats. Resale prices range from $385,000 to $785,888 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 537 Bukit Panjang Ring Road gone up or down?

Resale prices at Block 537 Bukit Panjang Ring Road have increased by approximately 23.3% over the past five years. The current median price is $540,000, with the most recent sale at $739,888 in 2026-01.

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