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Block 488 Jurong West Avenue 1

4 Room · Built 1985 · 57 years remaining lease MOP Cleared
Latest Sale
$500,000
Apr 2026 · 4 ROOM · Floor 10-12
Median $/sqm
$5,044
Based on 16 transactions
Total Transactions
16
Since Jan 2017
5-Year Trend
▲ +23.1%
Median price change
Median Price ?
Top 51%
#365 / 715 Top 51%
Latest Sale ?
Top 75%
#538 / 715 Top 75%
Value ($/sqm) ?
Top 14%
#102 / 715 Top 14%
5-Year Growth ?
Top 76%
#367 / 480 Top 76%
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
+4.2%/yr
vs
Lease Decay
−0.55%/yr
Growth assumption
Based on this block’s +23.1% 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 57 years remaining 99 years
57 years 11 months
Remaining lease
↓ 0.55%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 57 years remaining, decay is gradual (~0.55%/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
Apr 2026 10 TO 12 4 ROOM 92 sqm $500,000 $5,435
Jan 2025 01 TO 03 4 ROOM 91 sqm $480,000 $5,275
Jan 2025 07 TO 09 4 ROOM 92 sqm $478,000 $5,196
Nov 2024 07 TO 09 4 ROOM 92 sqm $485,888 $5,281
Sep 2024 01 TO 03 4 ROOM 92 sqm $475,000 $5,163
Jul 2024 07 TO 09 4 ROOM 91 sqm $468,000 $5,143
Apr 2024 04 TO 06 4 ROOM 91 sqm $458,000 $5,033
Feb 2024 10 TO 12 4 ROOM 91 sqm $460,000 $5,055
Jan 2024 10 TO 12 4 ROOM 91 sqm $438,000 $4,813
Oct 2023 10 TO 12 4 ROOM 92 sqm $485,000 $5,272
Sep 2021 01 TO 03 4 ROOM 91 sqm $393,000 $4,319
May 2021 10 TO 12 4 ROOM 91 sqm $390,000 $4,286
Feb 2021 10 TO 12 4 ROOM 91 sqm $370,000 $4,066
Jun 2019 07 TO 09 4 ROOM 91 sqm $333,000 $3,659
Mar 2019 04 TO 06 4 ROOM 91 sqm $325,000 $3,571
Dec 2018 04 TO 06 4 ROOM 91 sqm $310,000 $3,407
Showing 16 of 16 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 488 Jurong West Avenue 1

Block 488 at Jurong West Avenue 1 is a residential HDB block in Jurong West, Singapore, built in 1985 with approximately 57 years remaining on its 99-year lease. The block contains 4 room flats, with resale prices ranging from $310,000 to $500,000 based on 16 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 10 TO 12 sold for $500,000 in 2026-04. The current median price per square metre is $5,044. Over the past five years, resale prices at this block have increased by approximately 23.1%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8636, with an annual lease decay rate of approximately 0.55%. 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 488 Jurong West Avenue 1 worth?

The most recent resale transaction at Block 488 Jurong West Avenue 1 was $500,000 for a 4 room flat in 2026-04. The median price per square metre across all flat types is $5,044, based on 16 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 488 Jurong West Avenue 1?

Block 488 Jurong West Avenue 1 was built in 1985 and has approximately 57 years and 11 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.55%, meaning the leasehold value decreases by approximately 0.55% per year at the current remaining lease.

What flat types are available at Block 488 Jurong West Avenue 1?

Block 488 Jurong West Avenue 1 in Jurong West contains 4 room flats. Resale prices range from $310,000 to $500,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 488 Jurong West Avenue 1 gone up or down?

Resale prices at Block 488 Jurong West Avenue 1 have increased by approximately 23.1% over the past five years. The current median price is $459,000, with the most recent sale at $500,000 in 2026-04.

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