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Block 516 Jelapang Road

4 Room · 5 Room · Built 1998 · 71 years remaining lease · Updated May 2026 MOP Cleared

Block 516 Jelapang Road has 24 recorded HDB resale transactions since 2017. Latest sale: $562,888 (May 2026, 4 room, floors 16–18). Median $4,169/sqm. Prices up 39.1% over the past five years. Built 1998, 71 years lease remaining.

Latest Sale
$562,888
May 2026 · 4 ROOM · Floor 16-18
Median $/sqm
$4,169
Based on 24 transactions
Total Transactions
24
Since Jan 2017
5-Year Trend
▲ +39.1%
Median price change
Median Price ?
Top 37%
#124 / 335 Top 37%
Latest Sale ?
Top 60%
#200 / 335 Top 60%
Value ($/sqm) ?
Top 78%
#260 / 335 Top 78%
5-Year Growth ?
Top 19%
#46 / 243 Top 19%
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
+6.8%/yr
vs
Lease Decay
−0.33%/yr
Growth assumption
Based on this block’s +39.1% 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 71 years remaining 99 years
71 years 3 months
Remaining lease
↓ 0.33%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 71 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 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).
All Transactions
Date Floor Type Area Price $/sqm
May 2026 16 TO 18 4 ROOM 102 sqm $562,888 $5,519
Aug 2025 04 TO 06 5 ROOM 121 sqm $605,000 $5,000
Dec 2024 13 TO 15 5 ROOM 121 sqm $638,000 $5,273
Apr 2024 13 TO 15 5 ROOM 121 sqm $635,000 $5,248
Mar 2024 10 TO 12 5 ROOM 121 sqm $655,000 $5,413
Jan 2024 01 TO 03 5 ROOM 121 sqm $595,000 $4,917
Nov 2023 19 TO 21 5 ROOM 121 sqm $630,000 $5,207
Apr 2023 04 TO 06 5 ROOM 121 sqm $540,000 $4,463
Sep 2022 01 TO 03 5 ROOM 121 sqm $530,000 $4,380
Sep 2022 16 TO 18 5 ROOM 121 sqm $640,000 $5,289
Jun 2022 07 TO 09 5 ROOM 121 sqm $550,000 $4,545
Apr 2022 07 TO 09 5 ROOM 121 sqm $542,000 $4,479
Jun 2021 04 TO 06 4 ROOM 102 sqm $400,000 $3,922
Jan 2021 01 TO 03 5 ROOM 121 sqm $440,000 $3,636
Dec 2020 07 TO 09 4 ROOM 102 sqm $370,000 $3,627
Sep 2020 01 TO 03 4 ROOM 102 sqm $321,000 $3,147
Sep 2020 19 TO 21 4 ROOM 102 sqm $380,000 $3,725
Aug 2020 01 TO 03 4 ROOM 102 sqm $340,000 $3,333
Jul 2020 04 TO 06 5 ROOM 121 sqm $440,000 $3,636
Jul 2018 10 TO 12 5 ROOM 121 sqm $428,000 $3,537
Showing 20 of 24 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 516 Jelapang Road

Block 516 at Jelapang Road is a residential HDB block in Bukit Panjang, Singapore, built in 1998 with approximately 71 years remaining on its 99-year lease. The block contains 4 room, 5 room flats, with resale prices ranging from $321,000 to $655,000 based on 24 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 16 TO 18 sold for $562,888 in 2026-05. The current median price per square metre is $4,169. Over the past five years, resale prices at this block have increased by approximately 39.1%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9138, with an annual lease decay rate of approximately 0.33%. 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 516 Jelapang Road worth?

The most recent resale transaction at Block 516 Jelapang Road was $562,888 for a 4 room flat in 2026-05. The median price per square metre across all flat types is $4,169, based on 24 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 516 Jelapang Road?

Block 516 Jelapang Road was built in 1998 and has approximately 71 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 0.33%, meaning the leasehold value decreases by approximately 0.33% per year at the current remaining lease.

What flat types are available at Block 516 Jelapang Road?

Block 516 Jelapang Road in Bukit Panjang contains 4 room, 5 room flats. Resale prices range from $321,000 to $655,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 516 Jelapang Road gone up or down?

Resale prices at Block 516 Jelapang Road have increased by approximately 39.1% over the past five years. The current median price is $504,444, with the most recent sale at $562,888 in 2026-05.

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