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Block 348 Jurong East Avenue 1

3 Room · Built 1986 · 60 years remaining lease MOP Cleared
Latest Sale
$412,000
May 2024 · 3 ROOM · Floor 01-03
Median $/sqm
$4,547
Based on 4 transactions
Total Transactions
4
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 62%
#138 / 224 Top 62%
Latest Sale ?
Top 77%
#172 / 224 Top 77%
Value ($/sqm) ?
Top 58%
#131 / 224 Top 58%
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
−0.49%/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 60 years remaining 99 years
60 years 10 months
Remaining lease
↓ 0.49%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 60 years remaining, decay is gradual (~0.49%/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
May 2024 01 TO 03 3 ROOM 74 sqm $412,000 $5,568
May 2024 01 TO 03 3 ROOM 90 sqm $415,000 $4,611
Jul 2021 01 TO 03 3 ROOM 87 sqm $390,000 $4,483
Jan 2019 01 TO 03 3 ROOM 74 sqm $296,000 $4,000
Showing 4 of 4 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 348 Jurong East Avenue 1

Block 348 at Jurong East Avenue 1 is a residential HDB block in Jurong East, Singapore, built in 1986 with approximately 60 years remaining on its 99-year lease. The block contains 3 room flats, with resale prices ranging from $296,000 to $415,000 based on 4 recorded transactions since January 2017. The most recent transaction was a 3 room flat on storeys 01 TO 03 sold for $412,000 in 2024-05. The current median price per square metre is $4,547. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8767, with an annual lease decay rate of approximately 0.49%. 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 348 Jurong East Avenue 1 worth?

The most recent resale transaction at Block 348 Jurong East Avenue 1 was $412,000 for a 3 room flat in 2024-05. The median price per square metre across all flat types is $4,547, based on 4 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 348 Jurong East Avenue 1?

Block 348 Jurong East Avenue 1 was built in 1986 and has approximately 60 years and 10 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.49%, meaning the leasehold value decreases by approximately 0.49% per year at the current remaining lease.

What flat types are available at Block 348 Jurong East Avenue 1?

Block 348 Jurong East Avenue 1 in Jurong East contains 3 room flats. Resale prices range from $296,000 to $415,000 based on historical transaction records from data.gov.sg.

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