583 Woodlands Drive 16 730583, Woodlands South, North Region, Singapore
$799,000
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Total Transactions
0
Average Price
S0
Total Value
S0
No transaction data found. This could be due to:
Calculating fair value from URA transaction data…


License: L3002382K
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Automated Valuation based on 3 HDB resale transactions (data.gov.sg)
Fair Value
S$804,295
S$570 psf
Asking Price
S$799,000
S$567 psf
vs Market
-0.7%
vs Last Done
+0.9%
Tenure
72 yrs
99-year Leasehold · Balance remaining
Confidence
Low
3 comps
Nearest MRT
Woodlands
1225m away
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
3 comparable transactions
S$555
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×1.029
MRT Proximity
Within 500m / 1km
0%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$570
Recent Comparable Transactions
3 shown · 3 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneNov 2024 | Blk 583 WOODLANDS DR 16 Floor 07 TO 09 | 1,410sqft | S$793,000 | ▼S$562 -1.4% vs FV | 99yr from 2001 |
Nov 2024 | Blk 583 WOODLANDS DR 16 Floor 07 TO 09 | 1,410sqft | S$793,000 | ▼S$562 -1.4% vs FV | 99yr from 2001 |
Nov 2024 | Blk 583 WOODLANDS DR 16 Floor 07 TO 09 | 1,410sqft | S$793,000 | ▼S$562 -1.4% vs FV | 99yr from 2001 |
Oct 2024 | Blk 583 WOODLANDS DR 16 Floor 04 TO 06 | 1,410sqft | S$760,000 | ▼S$539 -5.4% vs FV | 99yr from 2001 |
Blk 583 WOODLANDS DR 16
Nov 2024 · Floor 07 TO 09
-1.4% vs FV
Blk 583 WOODLANDS DR 16
Nov 2024 · Floor 07 TO 09
-1.4% vs FV
Blk 583 WOODLANDS DR 16
Nov 2024 · Floor 07 TO 09
-1.4% vs FV
Blk 583 WOODLANDS DR 16
Oct 2024 · Floor 04 TO 06
-5.4% vs FV
HELIOS AI Analysis
The valuation of the HDB Executive unit in Woodlands, with a remaining lease of 72 years, stands at an estimated value of $804,295, equating to a price per square foot (PSF) of $570. This valuation reflects a market signal indicating a modest 0.7% difference from the established baseline, suggesting a stable yet slightly cautious sentiment among buyers in the current property landscape. The low model confidence associated with this valuation underscores the inherent uncertainties that can arise in fluctuating market conditions, particularly in the context of HDB properties, where lease duration plays a critical role in value perception.
Recent resale transactions in the vicinity, which serve as a comparative foundation for this valuation, reveal a dynamic market environment characterized by varying buyer preferences and economic factors. The Woodlands area, known for its accessibility and community amenities, presents a compelling case for potential appreciation, yet the low confidence level indicates that investors should remain vigilant and consider the implications of the remaining lease period. As lease lengths decrease, the appeal of such properties can be impacted, necessitating a strategic approach for prospective buyers and investors alike.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.