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Block 223 Pending Road

3 Room · 4 Room · Built 1988 · 60 years remaining lease · Updated Jul 2026 MOP Cleared

Block 223 Pending Road has 22 recorded HDB resale transactions since 2017. Latest sale: $420,000 (Jul 2026, 3 room, floors 04–06). Median $4,603/sqm. Prices up 25% over the past five years. Built 1988, 60 years lease remaining.

Latest Sale
$420,000
Jul 2026 · 3 ROOM · Floor 04-06
Median $/sqm
$4,603
Based on 22 transactions
Total Transactions
22
Since Jan 2017
5-Year Trend
▲ +25%
Median price change
Median Price ?
Top 88%
#296 / 335 Top 88%
Latest Sale ?
Top 95%
#319 / 335 Top 95%
Value ($/sqm) ?
Top 53%
#179 / 335 Top 53%
5-Year Growth ?
Top 81%
#202 / 249 Top 81%
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
--
How we estimate this →
Future Value Projection
Market Appreciation
+4.6%/yr
vs
Lease Decay
−0.50%/yr
Growth assumption
Based on this block’s +25% 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 60 years remaining 99 years
60 years 8 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.
Rental & Yield

What this block rents for, and the gross rental yield (annual rent ÷ resale price). This block has too few rentals on record, so figures shown are the Bukit Panjang average.

Flat type Median rent /mo Gross yield Based on
3-Room $2,600 typically $2,500–$2,800 6.7% Bukit Panjang avg · block too thin
4-Room $3,000 typically $2,900–$3,200 6.3% Bukit Panjang avg · block too thin
Gross yield is annual rent before maintenance, property tax, and vacancy, so net return is lower. Renting out a whole HDB flat requires meeting the 5-year Minimum Occupation Period and HDB approval. Rents are owner-declared to HDB and unverified.
Source: HDB Renting Out of Flats, data.gov.sg (Singapore Open Data Licence).
Primary schools nearby

This block is inside the 1 km Primary 1 priority zone for 3 popular schools. When a school is oversubscribed, MOE ballots by home–school distance, and homes within 1 km are drawn first.

Compare homes near all 50 popular schools
Distances are straight-line estimates from this block, indicative only. MOE measures from its own school reference point, so confirm the exact distance before relying on it.
Where this home sits, and its schools
3 schools in the 1 km top-priority zone
  • This home
  • School within 1 km
  • School 1–2 km
  • 1km ring, top priority
  • 2km ring, next tier

Straight-line distances, the basis MOE uses for Home–School Distance priority. Tap a school to open it. Map © OneMap, SLA.

Nearby comparable homes

Other HDB blocks closest to Block 223 Pending Road in Bukit Panjang, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.

See all HDB blocks in Bukit Panjang
Distances are straight-line estimates from this home, indicative only. Prices are medians of recorded resale transactions, not asking prices.
All Transactions
Date Floor Type Area Price $/sqm
Jul 2026 04 TO 06 3 ROOM 73 sqm $420,000 $5,753
May 2026 04 TO 06 4 ROOM 103 sqm $538,000 $5,223
Oct 2024 04 TO 06 3 ROOM 73 sqm $420,000 $5,753
Sep 2024 01 TO 03 3 ROOM 73 sqm $400,000 $5,479
Sep 2024 07 TO 09 3 ROOM 73 sqm $408,000 $5,589
Sep 2024 10 TO 12 3 ROOM 73 sqm $440,000 $6,027
Apr 2024 04 TO 06 3 ROOM 73 sqm $380,000 $5,205
Mar 2024 04 TO 06 3 ROOM 73 sqm $388,000 $5,315
Jul 2023 01 TO 03 4 ROOM 103 sqm $460,000 $4,466
Mar 2023 04 TO 06 3 ROOM 73 sqm $375,000 $5,137
Mar 2022 07 TO 09 3 ROOM 73 sqm $360,000 $4,932
Nov 2021 10 TO 12 3 ROOM 73 sqm $340,000 $4,658
Sep 2021 10 TO 12 3 ROOM 73 sqm $332,000 $4,548
Nov 2020 04 TO 06 4 ROOM 107 sqm $380,000 $3,551
Mar 2019 10 TO 12 3 ROOM 73 sqm $280,888 $3,848
Dec 2018 04 TO 06 3 ROOM 73 sqm $285,000 $3,904
Nov 2018 04 TO 06 3 ROOM 73 sqm $282,000 $3,863
Oct 2018 01 TO 03 4 ROOM 103 sqm $335,000 $3,252
Jun 2018 01 TO 03 4 ROOM 103 sqm $322,000 $3,126
May 2018 04 TO 06 3 ROOM 73 sqm $268,000 $3,671
Showing 20 of 22 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 223 Pending Road

Block 223 Pending Road is one of the more affordable HDB blocks in Bukit Panjang, with a median of $372,500 below most of the town. It has a regular flow of resale activity, with 22 transactions since 2017 across 3 room, 4 room flats priced from $268,000 to $538,000. The most recent transaction was a 3 room flat on storeys 04 TO 06 at $420,000 in Jul 2026, and the median works out to $4,603/sqm. Over five years, prices here are up about 25%. Under Bala's Table (the SLA leasehold valuation model), its leasehold relativity ratio is 0.8759, an annual lease decay of about 0.50%. All transaction data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 223 Pending Road worth?

The most recent resale transaction at Block 223 Pending Road was $420,000 for a 3 room flat in 2026-07. The median price per square metre across all flat types is $4,603, based on 22 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 223 Pending Road?

Block 223 Pending Road was built in 1988 and has approximately 60 years and 8 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 223 Pending Road?

Block 223 Pending Road in Bukit Panjang contains 3 room, 4 room flats. Resale prices range from $268,000 to $538,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 223 Pending Road gone up or down?

Resale prices at Block 223 Pending Road have increased by approximately 25% over the past five years. The current median price is $372,500, with the most recent sale at $420,000 in 2026-07.

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