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Block 423 Jurong West Avenue 1

3 Room · 4 Room · Built 1984 · 57 years remaining lease MOP Cleared
Latest Sale
$400,000
Mar 2026 · 3 ROOM · Floor 01-03
Median $/sqm
$3,784
Based on 19 transactions
Total Transactions
19
Since Jan 2017
5-Year Trend
▲ +23.5%
Median price change
Median Price ?
Top 92%
#660 / 715 Top 92%
Latest Sale ?
Top 92%
#658 / 715 Top 92%
Value ($/sqm) ?
Top 81%
#579 / 715 Top 81%
5-Year Growth ?
Top 75%
#361 / 480 Top 75%
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
−0.56%/yr
Growth assumption
Based on this block’s +23.5% 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 57 years remaining 99 years
57 years 5 months
Remaining lease
↓ 0.56%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 57 years remaining, decay is gradual (~0.56%/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
Mar 2026 01 TO 03 3 ROOM 84 sqm $400,000 $4,762
Feb 2026 04 TO 06 3 ROOM 74 sqm $420,000 $5,676
Jan 2026 07 TO 09 3 ROOM 74 sqm $440,000 $5,946
Dec 2025 04 TO 06 3 ROOM 74 sqm $420,000 $5,676
Nov 2023 07 TO 09 4 ROOM 104 sqm $460,000 $4,423
Jul 2023 04 TO 06 3 ROOM 74 sqm $360,000 $4,865
May 2022 04 TO 06 4 ROOM 104 sqm $445,000 $4,279
Dec 2021 04 TO 06 3 ROOM 74 sqm $340,000 $4,595
Apr 2021 07 TO 09 4 ROOM 105 sqm $390,000 $3,714
Nov 2020 07 TO 09 3 ROOM 74 sqm $285,000 $3,851
Jun 2020 07 TO 09 3 ROOM 74 sqm $275,000 $3,716
Mar 2020 07 TO 09 4 ROOM 104 sqm $338,000 $3,250
Jan 2020 01 TO 03 3 ROOM 74 sqm $260,000 $3,514
Jul 2019 01 TO 03 3 ROOM 74 sqm $264,000 $3,568
Feb 2019 04 TO 06 3 ROOM 74 sqm $275,000 $3,716
Nov 2018 04 TO 06 3 ROOM 74 sqm $268,379 $3,627
Jun 2018 07 TO 09 3 ROOM 74 sqm $270,000 $3,649
Mar 2018 01 TO 03 4 ROOM 104 sqm $318,888 $3,066
Mar 2017 01 TO 03 3 ROOM 74 sqm $280,000 $3,784
Showing 19 of 19 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 423 Jurong West Avenue 1

Block 423 at Jurong West Avenue 1 is a residential HDB block in Jurong West, Singapore, built in 1984 with approximately 57 years remaining on its 99-year lease. The block contains 3 room, 4 room flats, with resale prices ranging from $260,000 to $460,000 based on 19 recorded transactions since January 2017. The most recent transaction was a 3 room flat on storeys 01 TO 03 sold for $400,000 in 2026-03. The current median price per square metre is $3,784. Over the past five years, resale prices at this block have increased by approximately 23.5%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8613, with an annual lease decay rate of approximately 0.56%. 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 423 Jurong West Avenue 1 worth?

The most recent resale transaction at Block 423 Jurong West Avenue 1 was $400,000 for a 3 room flat in 2026-03. The median price per square metre across all flat types is $3,784, based on 19 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 423 Jurong West Avenue 1?

Block 423 Jurong West Avenue 1 was built in 1984 and has approximately 57 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 0.56%, meaning the leasehold value decreases by approximately 0.56% per year at the current remaining lease.

What flat types are available at Block 423 Jurong West Avenue 1?

Block 423 Jurong West Avenue 1 in Jurong West contains 3 room, 4 room flats. Resale prices range from $260,000 to $460,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 423 Jurong West Avenue 1 gone up or down?

Resale prices at Block 423 Jurong West Avenue 1 have increased by approximately 23.5% over the past five years. The current median price is $338,000, with the most recent sale at $400,000 in 2026-03.

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