How Much Is a Flat at Block 723 Clementi West St 2 Worth?

5 Room · Built 1981 · 56 years 05 months remaining MOP Cleared

Latest Sale

$745,000

2023-09 · 5 Room

Median $/sqm

$5,322

Based on 11 txns

Total Txns

11

Since data available

5-Yr Trend

▲15.9%

vs 5 years ago

What's Your Flat Worth?

Select your flat type and storey band, then click Get Estimate. Change your selection at any time and get a new estimate.

Flat Type

Storey Band (closest to your floor)

How did you buy?

Market Demand

⏳ Lower transaction volume — pricing and timing matter more here. A local expert helps.

Based on recent sales data · Updates monthly

Sold at this block (6mo)

0 flats ⚡

AVG. DAYS TO OFFER

—

Transaction density proxy

BUYER DEMAND

2.5 / 10

Block Specialists

Connect with agents who know this block — coming soon.

Lease Clock

Sell Now
0 yrs 56 years left 99 yrs

Key threshold: 60 years

Buyer financing is already restricted

Your block has 56 years of lease left. Buyers already face CPF usage limits and lower loan quantum when purchasing. This means fewer buyers qualify, and those who do will negotiate harder. Selling sooner gives you a larger buyer pool and a stronger sale price.

A specialist agent can target the right buyers and negotiate the best possible outcome for you.

Transaction History 11 total

Date Floor Type sqm Price $/sqm
2023-09 19 TO 21 5 Room 118 $745,000 $6,314
2023-02 13 TO 15 5 Room 118 $690,000 $5,847
2022-10 19 TO 21 5 Room 118 $700,000 $5,932
2022-02 19 TO 21 5 Room 118 $672,000 $5,695
2022-01 01 TO 03 5 Room 118 $565,000 $4,788
2020-06 07 TO 09 5 Room 118 $585,000 $4,958
2020-06 01 TO 03 5 Room 118 $488,000 $4,136
2020-05 22 TO 24 5 Room 118 $655,000 $5,551
2018-09 04 TO 06 5 Room 118 $606,000 $5,136
2018-09 19 TO 21 5 Room 118 $628,000 $5,322
2017-01 01 TO 03 5 Room 118 $560,000 $4,746
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About Block 723 Clementi West St 2

Block 723 at Clementi West St 2 is a residential HDB block in Clementi, Singapore, built in 1981 with approximately 54 years remaining on its 99-year lease. The block contains 5 Room flats. The most recent transaction was a 5 Room flat (storeys 19–21) that sold for $745,000 in Sep 2023. The current median price per square metre is $5,322. Over the past five years, resale prices have risen by approximately 15.9%.

With 54 years of lease remaining, buyers may face reduced CPF usage and lower bank loan limits. Selling sooner preserves your buyer pool and sale price.

All data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is a flat at Block 723 Clementi West St 2?

Based on 11 recorded transactions, the median resale price is $0. The most recent sale was $745,000 in 2023-09.

Median by flat type (last 24 months)

Flat Type Most Recent Median
5 Room $628,000 (all-time)

What is my flat worth at Block 723?

The overall median resale price at Block 723 Clementi West St 2 is $0. Prices have risen 15.9% over the past 5 years.

How active is the resale market at Block 723?

Block 723 has recorded 11 resale transactions — roughly 0.5 sales per month over the past 24 months. The latest transaction closed in 2023-09.

What flat types are available at Block 723?

Block 723 Clementi West St 2 has 5 Room units.

How much can I unlock to upgrade if I sell my HDB at Block 723?

Selling to upgrade means planning both timelines and funds. Your proceeds split into cash in hand (for your next downpayment and transition costs) and CPF refund (returned to CPF OA). Use the What's Your Flat Worth? calculator above to estimate the equity you can deploy for your next home.

What is the remaining lease for Block 723?

Block 723 was built in 1981 with a 99-year lease. It has approximately 56 years 05 months remaining. Lease decay accelerates below 40 years and affects buyer CPF eligibility.

How long does it take to sell an HDB flat?

The standard HDB resale process takes approximately 8–12 weeks from granting the Option to Purchase (OTP) to the completion appointment. This includes HDB resale application, HDB valuation, CPF usage approval, and final appointment scheduling.

Can I sell my HDB flat without an agent?

Yes — HDB's resale portal allows you to handle the transaction yourself. However, for owners upgrading to their next home, an experienced agent helps align pricing, buyer negotiation, and completion timing so your next purchase is less exposed to delays. The typical 1–2% commission is often recovered through a stronger sale outcome.

What are the costs of selling an HDB flat?

Typical costs for a seller:

Agent commission ~1–2% of sale price
Legal / conveyancing ~S$500 (HDB) or ~S$2,000 (private)
HDB admin fee S$80
Seller stamp duty None (after MOP)
Total (est.) on $745,000 $15,480 to $16,980