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Block 429 Jurong West Avenue 1

3 Room · 4 Room · Built 1985 · 60 years remaining lease MOP Cleared
Latest Sale
$460,000
Dec 2023 · 4 ROOM · Floor 01-03
Median $/sqm
$4,000
Based on 5 transactions
Total Transactions
5
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 96%
#685 / 715 Top 96%
Latest Sale ?
Top 85%
#606 / 715 Top 85%
Value ($/sqm) ?
Top 71%
#511 / 715 Top 71%
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
−0.50%/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 4 months
Remaining lease
↓ 0.50%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 60 years remaining, decay is gradual (~0.50%/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
Dec 2023 01 TO 03 4 ROOM 104 sqm $460,000 $4,423
Jun 2023 01 TO 03 3 ROOM 75 sqm $300,000 $4,000
Aug 2022 04 TO 06 3 ROOM 75 sqm $340,000 $4,533
Feb 2019 04 TO 06 4 ROOM 106 sqm $300,000 $2,830
Jun 2017 04 TO 06 3 ROOM 75 sqm $288,000 $3,840
Showing 5 of 5 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 429 Jurong West Avenue 1

Block 429 at Jurong West Avenue 1 is a residential HDB block in Jurong West, Singapore, built in 1985 with approximately 60 years remaining on its 99-year lease. The block contains 3 room, 4 room flats, with resale prices ranging from $288,000 to $460,000 based on 5 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 01 TO 03 sold for $460,000 in 2023-12. The current median price per square metre is $4,000. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8745, with an annual lease decay rate of approximately 0.50%. 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 429 Jurong West Avenue 1 worth?

The most recent resale transaction at Block 429 Jurong West Avenue 1 was $460,000 for a 4 room flat in 2023-12. The median price per square metre across all flat types is $4,000, based on 5 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 429 Jurong West Avenue 1?

Block 429 Jurong West Avenue 1 was built in 1985 and has approximately 60 years and 4 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.50%, meaning the leasehold value decreases by approximately 0.50% per year at the current remaining lease.

What flat types are available at Block 429 Jurong West Avenue 1?

Block 429 Jurong West Avenue 1 in Jurong West contains 3 room, 4 room flats. Resale prices range from $288,000 to $460,000 based on historical transaction records from data.gov.sg.

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