Blk 588B Montreal Drive — HDB resale prices
HDB resale prices, Sembawang · Executive · built 2000
median resale price, last 24 months
6 sales in that window · as of Sep 2026
How it compares
Blk 588B Montreal Drive is an HDB block in Sembawang (completed in 2000, 14 storeys, 96 units). As of Sep 2026, its median resale price over the last 24 months is $766,500, about 28% above the Sembawang median, from 6 sales. 58 resale transactions have been recorded here since 1990.
Price by year
At a glance
Unit mix (sold): exec ×96
Prices by flat type — last 24 months (as of Sep 2026)
Median monthly rent at this block: $3,500/mo (1 rental contracts, last 12 months).
Estimated gross rental yield: ~5.5% (Sembawang average: ~6.4%) — annual median rent over median resale price, before taxes, fees and vacancy.
On price per square metre, this block is cheaper than 37% of Sembawang blocks with recent sales.
What the price model says
For a typical executive flat here, our price model estimates $744,130–$831,915 (central estimate $788,022). Recent sales — median $783,000 — sit within that range. The model explains 94% of resale prices with a typical error of ±6%. Indicative only — not an official valuation.
Median resale price by year
| Year | Median (nominal) | Median (today's $) | Sales |
|---|---|---|---|
| 2007 | $366,500 | $543,135 | 2 |
| 2008 | $417,500 | $580,214 | 4 |
| 2009 | $445,000 | $614,816 | 4 |
| 2010 | $501,000 | $673,143 | 5 |
| 2011 | $525,000 | $670,193 | 6 |
| 2012 | $583,500 | $712,244 | 4 |
| 2013 | $590,000 | $703,547 | 1 |
| 2014 | $501,500 | $591,895 | 4 |
| 2015 | $459,000 | $544,581 | 4 |
| 2016 | $518,000 | $617,851 | 3 |
| 2017 | $500,000 | $592,961 | 3 |
| 2018 | $519,000 | $612,807 | 2 |
| 2019 | $485,000 | $569,430 | 1 |
| 2020 | $523,500 | $615,692 | 2 |
| 2021 | $577,500 | $663,828 | 4 |
| 2022 | $671,944 | $727,769 | 2 |
| 2024 | $830,000 | $837,495 | 1 |
| 2025 | $766,500 | $766,500 | 6 |
Records
| Record sale | $830,000 (Executive, 2024-09) |
|---|---|
| First recorded sale | $333,000 (2007-07) |
| Busiest year | 2011 · 6 sales |
| 10-year change (real) | +41% (+3.5%/yr, 2015→2025) |
| Total transacted | $31.4M across 58 sales |
Recent resale transactions
| Month | Flat type | Storey | Area | Price |
|---|---|---|---|---|
| 2025-08 | Executive | 07–09 | 125 m² | $805,000 |
| 2025-08 | Executive | 07–09 | 125 m² | $783,000 |
| 2025-08 | Executive | 10–12 | 125 m² | $750,000 |
| 2025-07 | Executive | 04–06 | 125 m² | $710,000 |
| 2025-04 | Executive | 07–09 | 125 m² | $800,000 |
| 2025-03 | Executive | 04–06 | 125 m² | $735,000 |
| 2024-09 | Executive | 10–12 | 125 m² | $830,000 |
| 2022-09 | Executive | 10–12 | 125 m² | $735,000 |
| 2022-02 | Executive | 10–12 | 125 m² | $608,888 |
| 2021-09 | Executive | 07–09 | 125 m² | $598,000 |
| 2021-07 | Executive | 04–06 | 125 m² | $575,000 |
| 2021-05 | Executive | 10–12 | 125 m² | $580,000 |
| 2021-03 | Executive | 01–03 | 125 m² | $568,000 |
| 2020-11 | Executive | 10–12 | 125 m² | $525,000 |
| 2020-01 | Executive | 10–12 | 125 m² | $522,000 |
| 2019-09 | Executive | 07–09 | 125 m² | $485,000 |
| 2018-03 | Executive | 07–09 | 125 m² | $518,000 |
| 2018-02 | Executive | 10–12 | 125 m² | $520,000 |
| 2017-06 | Executive | 04–06 | 125 m² | $505,000 |
| 2017-05 | Executive | 04–06 | 125 m² | $500,000 |
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Quick answers
How much does a flat at Blk 588B Montreal Drive cost?
The median resale price over the last 24 months is $766,500 (6 sales, as of Sep 2026). See the by-type table above for 3-room vs 4-room medians.
Is Blk 588B Montreal Drive fairly priced?
For a typical executive flat here, our price model estimates $744,130–$831,915 (central estimate $788,022). Recent sales — median $783,000 — sit within that range.
What is the rent at Blk 588B Montreal Drive?
The median monthly rent is $3,500/mo over the last 12 months (1 contracts).
How old is Blk 588B Montreal Drive?
The block was completed in 2000 and its 99-year lease runs from 2002.