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Block 723 Clementi West Street 2

5 Room · Built 1981 · 56 years remaining lease · Updated Sep 2023 MOP Cleared

Block 723 Clementi West Street 2 has 11 recorded HDB resale transactions since 2017. Latest sale: $745,000 (Sep 2023, 5 room, floors 19–21). Median $5,322/sqm. Built 1981, 56 years lease remaining.

Latest Sale
$745,000
Sep 2023 · 5 ROOM · Floor 19-21
Median $/sqm
$5,322
Based on 11 transactions
Total Transactions
11
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 32%
#60 / 185 Top 32%
Latest Sale ?
Top 31%
#57 / 185 Top 31%
Value ($/sqm) ?
Top 61%
#113 / 185 Top 61%
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
+3%/yr
vs
Lease Decay
−0.59%/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 56 years remaining 99 years
56 years 5 months
Remaining lease
↓ 0.59%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 56 years remaining, decay is gradual (~0.59%/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 Clementi average.

Flat type Median rent /mo Gross yield Based on
5-Room $4,200 typically $3,800–$4,600 4.5% Clementi 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 2sit 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
Sep 2023 19 TO 21 5 ROOM 118 sqm $745,000 $6,314
Feb 2023 13 TO 15 5 ROOM 118 sqm $690,000 $5,847
Oct 2022 19 TO 21 5 ROOM 118 sqm $700,000 $5,932
Feb 2022 19 TO 21 5 ROOM 118 sqm $672,000 $5,695
Jan 2022 01 TO 03 5 ROOM 118 sqm $565,000 $4,788
Jun 2020 01 TO 03 5 ROOM 118 sqm $488,000 $4,136
Jun 2020 07 TO 09 5 ROOM 118 sqm $585,000 $4,958
May 2020 22 TO 24 5 ROOM 118 sqm $655,000 $5,551
Sep 2018 04 TO 06 5 ROOM 118 sqm $606,000 $5,136
Sep 2018 19 TO 21 5 ROOM 118 sqm $628,000 $5,322
Jan 2017 01 TO 03 5 ROOM 118 sqm $560,000 $4,746
Showing 11 of 11 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 723 Clementi West Street 2

Block 723 at Clementi West Street 2 is a residential HDB block in Clementi, Singapore, built in 1981 with approximately 56 years remaining on its 99-year lease. The block contains 5 room flats, with resale prices ranging from $488,000 to $745,000 based on 11 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 19 TO 21 sold for $745,000 in 2023-09. The current median price per square metre is $5,322. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8564, with an annual lease decay rate of approximately 0.59%. 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 723 Clementi West Street 2 worth?

The most recent resale transaction at Block 723 Clementi West Street 2 was $745,000 for a 5 room flat in 2023-09. The median price per square metre across all flat types is $5,322, based on 11 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 723 Clementi West Street 2?

Block 723 Clementi West Street 2 was built in 1981 and has approximately 56 years and 5 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.59%, meaning the leasehold value decreases by approximately 0.59% per year at the current remaining lease.

What flat types are available at Block 723 Clementi West Street 2?

Block 723 Clementi West Street 2 in Clementi contains 5 room flats. Resale prices range from $488,000 to $745,000 based on historical transaction records from data.gov.sg.

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