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Block 556 Pasir Ris Street 51

5 Room · Built 1992 · 67 years remaining lease MOP Cleared
Latest Sale
$705,000
May 2024 · 5 ROOM · Floor 07-09
Median $/sqm
$4,289
Based on 10 transactions
Total Transactions
10
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 64%
#272 / 428 Top 64%
Latest Sale ?
Top 60%
#257 / 428 Top 60%
Value ($/sqm) ?
Top 72%
#309 / 428 Top 72%
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
−0.38%/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 67 years remaining 99 years
67 years 7 months
Remaining lease
↓ 0.38%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 67 years remaining, decay is gradual (~0.38%/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 07 TO 09 5 ROOM 121 sqm $705,000 $5,826
May 2023 01 TO 03 5 ROOM 123 sqm $625,000 $5,081
Sep 2022 07 TO 09 5 ROOM 121 sqm $645,000 $5,331
Oct 2021 01 TO 03 5 ROOM 121 sqm $555,000 $4,587
Aug 2021 04 TO 06 5 ROOM 123 sqm $515,000 $4,187
Mar 2021 01 TO 03 5 ROOM 124 sqm $500,000 $4,032
Dec 2020 07 TO 09 5 ROOM 123 sqm $540,000 $4,390
Nov 2019 10 TO 12 5 ROOM 123 sqm $435,000 $3,537
Nov 2017 07 TO 09 5 ROOM 121 sqm $475,000 $3,926
Jul 2017 07 TO 09 5 ROOM 123 sqm $505,000 $4,106
Showing 10 of 10 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 556 Pasir Ris Street 51

Block 556 at Pasir Ris Street 51 is a residential HDB block in Pasir Ris, Singapore, built in 1992 with approximately 67 years remaining on its 99-year lease. The block contains 5 room flats, with resale prices ranging from $435,000 to $705,000 based on 10 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 07 TO 09 sold for $705,000 in 2024-05. The current median price per square metre is $4,289. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9022, with an annual lease decay rate of approximately 0.38%. 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 556 Pasir Ris Street 51 worth?

The most recent resale transaction at Block 556 Pasir Ris Street 51 was $705,000 for a 5 room flat in 2024-05. The median price per square metre across all flat types is $4,289, based on 10 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 556 Pasir Ris Street 51?

Block 556 Pasir Ris Street 51 was built in 1992 and has approximately 67 years and 7 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.38%, meaning the leasehold value decreases by approximately 0.38% per year at the current remaining lease.

What flat types are available at Block 556 Pasir Ris Street 51?

Block 556 Pasir Ris Street 51 in Pasir Ris contains 5 room flats. Resale prices range from $435,000 to $705,000 based on historical transaction records from data.gov.sg.

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