How Much Is a Flat at Block 589 Woodlands Dr 16 Worth?

5 Room, Executive · Built 2001 · 74 years 01 month remaining MOP Cleared

Latest Sale

$780,000

2026-03 · Executive

Median $/sqm

$4,955

Based on 39 txns

Total Txns

39

Since data available

5-Yr Trend

▲37.4%

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

📊 Moderate activity — a specialist agent can position your flat to the right buyer.

Based on recent sales data · Updates monthly

Sold at this block (6mo)

5 flats ⚡

AVG. DAYS TO OFFER

~36 days

Transaction density proxy

BUYER DEMAND

6.0 / 10

Block Specialists

Connect with agents who know this block — coming soon.

Lease Clock

Watch
0 yrs 74 years left 99 yrs

Key threshold: 60 years

Your flat is approaching a key resale threshold

Your block has 74 years of lease left. Today, buyers can still get full CPF and bank loans — no restrictions. But once the lease drops below 65 years, buyers who purchase now will struggle to resell after their MOP. The closer you get, the smaller your buyer pool becomes.

An agent who knows this block can position your flat now, before the window narrows.

Transaction History 39 total

Date Floor Type sqm Price $/sqm
2026-03 01 TO 03 Executive 131 $780,000 $5,954
2026-02 07 TO 09 5 Room 111 $670,888 $6,044
2025-11 10 TO 12 Executive 131 $822,000 $6,275
2025-10 10 TO 12 Executive 131 $818,000 $6,244
2025-10 04 TO 06 5 Room 111 $630,000 $5,676
2025-09 07 TO 09 5 Room 111 $656,888 $5,918
2024-10 04 TO 06 5 Room 111 $625,000 $5,631
2024-09 07 TO 09 Executive 131 $765,000 $5,840
2024-05 04 TO 06 Executive 131 $765,000 $5,840
2024-04 07 TO 09 Executive 131 $758,888 $5,793
2024-01 07 TO 09 5 Room 111 $597,000 $5,378
2023-12 07 TO 09 Executive 131 $725,000 $5,534
2023-11 01 TO 03 5 Room 111 $550,000 $4,955
2023-11 07 TO 09 5 Room 111 $578,000 $5,207
2023-10 10 TO 12 Executive 131 $715,000 $5,458
2023-08 01 TO 03 Executive 131 $615,000 $4,695
2023-08 07 TO 09 Executive 131 $738,000 $5,634
2023-04 07 TO 09 5 Room 111 $574,000 $5,171
2023-02 04 TO 06 5 Room 111 $556,000 $5,009
2023-01 07 TO 09 5 Room 111 $550,000 $4,955
Page 1 of 1

About Block 589 Woodlands Dr 16

Block 589 at Woodlands Dr 16 is a residential HDB block in Woodlands, Singapore, built in 2001 with approximately 74 years remaining on its 99-year lease. The block contains 5 Room, Executive flats, with resale prices ranging from $550,000 to $685,500 based on 39 recorded transactions. The most recent transaction was a Executive flat (storeys 01–03) that sold for $780,000 in Mar 2026. The current median price per square metre is $4,955. Over the past five years, resale prices have risen by approximately 37.4%.

Buyers can use CPF and get full bank financing for flats with more than 60 years of lease remaining — Block 589 has 74 years left, meaning buyers face no financing restrictions.

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

Frequently Asked Questions

How much is a flat at Block 589 Woodlands Dr 16?

Based on 39 recorded transactions, the median resale price ranges from $550,000 (5 Room) to $685,500 (Executive). The most recent sale was $780,000 in 2026-03.

Median by flat type (last 24 months)

Flat Type Most Recent Median
5 Room $643,444
Executive $772,500

What is my flat worth at Block 589?

The overall median resale price at Block 589 Woodlands Dr 16 is $707,972. Prices have risen 37.4% over the past 5 years.

How active is the resale market at Block 589?

Block 589 has recorded 39 resale transactions — roughly 1.6 sales per month over the past 24 months. The latest transaction closed in 2026-03.

What flat types are available at Block 589?

Block 589 Woodlands Dr 16 has 5 Room, Executive units. Median prices range from $550,000 to $685,500.

How much can I unlock to upgrade if I sell my HDB at Block 589?

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 589?

Block 589 was built in 2001 with a 99-year lease. It has approximately 74 years 01 month 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 $772,500 $16,030 to $17,530