Blk 589 Woodlands Drive 16 — HDB resale prices
HDB resale prices, Woodlands · 5-Room, Executive · built 1999
median resale price, last 24 months
8 sales in that window · as of Sep 2026
How it compares
Blk 589 Woodlands Drive 16 is an HDB block in Woodlands (completed in 1999, 12 storeys, 132 units). As of Sep 2026, its median resale price over the last 24 months is $725,444, about 24% above the Woodlands median, from 8 sales. 105 resale transactions have been recorded here since 1990.
Price by year
At a glance
Unit mix (sold): 5-room ×88 · exec ×44
Prices by flat type — last 24 months (as of Sep 2026)
Median monthly rent at this block: $3,300/mo (3 rental contracts, last 12 months).
Estimated gross rental yield: ~5.5% (Woodlands average: ~6.5%) — annual median rent over median resale price, before taxes, fees and vacancy.
On price per square metre, this block is cheaper than 22% of Woodlands blocks with recent sales.
What the price model says
For a typical 5-room flat here, our price model estimates $604,524–$675,840 (central estimate $640,182). Recent sales — median $596,426 — sit below 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 |
|---|---|---|---|
| 2005 | $260,000 | $397,238 | 1 |
| 2006 | $267,000 | $404,030 | 1 |
| 2007 | $260,000 | $385,307 | 1 |
| 2008 | $327,000 | $454,443 | 7 |
| 2009 | $338,500 | $467,674 | 8 |
| 2010 | $411,344 | $552,682 | 18 |
| 2011 | $432,000 | $551,473 | 5 |
| 2012 | $505,000 | $616,423 | 11 |
| 2013 | $450,000 | $536,604 | 1 |
| 2014 | $505,000 | $596,026 | 3 |
| 2015 | $437,786 | $519,412 | 3 |
| 2016 | $413,000 | $492,611 | 5 |
| 2017 | $425,000 | $504,017 | 7 |
| 2019 | $487,500 | $572,365 | 2 |
| 2020 | $427,500 | $502,786 | 2 |
| 2021 | $540,000 | $620,722 | 4 |
| 2022 | $537,500 | $582,156 | 4 |
| 2023 | $578,000 | $597,157 | 9 |
| 2024 | $758,888 | $765,741 | 5 |
| 2025 | $737,444 | $737,444 | 4 |
| 2026 | $725,444 | $725,444 | 4 |
Records
| Record sale | $822,000 (Executive, 2025-11) |
|---|---|
| First recorded sale | $260,000 (2005-11) |
| Busiest year | 2010 · 18 sales |
| 10-year change (real) | +47% (+3.9%/yr, 2016→2026) |
| Total transacted | $50.7M across 105 sales |
Recent resale transactions
| Month | Flat type | Storey | Area | Price |
|---|---|---|---|---|
| 2026-06 | 5-Room | 04–06 | 111 m² | $608,008 |
| 2026-04 | Executive | 10–12 | 131 m² | $815,888 |
| 2026-03 | Executive | 01–03 | 131 m² | $780,000 |
| 2026-02 | 5-Room | 07–09 | 111 m² | $670,888 |
| 2025-11 | Executive | 10–12 | 131 m² | $822,000 |
| 2025-10 | Executive | 10–12 | 131 m² | $818,000 |
| 2025-10 | 5-Room | 04–06 | 111 m² | $630,000 |
| 2025-09 | 5-Room | 07–09 | 111 m² | $656,888 |
| 2024-10 | 5-Room | 04–06 | 111 m² | $625,000 |
| 2024-09 | Executive | 07–09 | 131 m² | $765,000 |
| 2024-05 | Executive | 04–06 | 131 m² | $765,000 |
| 2024-04 | Executive | 07–09 | 131 m² | $758,888 |
| 2024-01 | 5-Room | 07–09 | 111 m² | $597,000 |
| 2023-12 | Executive | 07–09 | 131 m² | $725,000 |
| 2023-11 | 5-Room | 07–09 | 111 m² | $578,000 |
| 2023-11 | 5-Room | 01–03 | 111 m² | $550,000 |
| 2023-10 | Executive | 10–12 | 131 m² | $715,000 |
| 2023-08 | Executive | 07–09 | 131 m² | $738,000 |
| 2023-08 | Executive | 01–03 | 131 m² | $615,000 |
| 2023-04 | 5-Room | 07–09 | 111 m² | $574,000 |
Woodlands Drive 16 blocks ranked by price
Showing the top 15 of 31 priced blocks.
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Quick answers
How much does a flat at Blk 589 Woodlands Drive 16 cost?
The median resale price over the last 24 months is $725,444 (8 sales, as of Sep 2026). See the by-type table above for 3-room vs 4-room medians.
Is Blk 589 Woodlands Drive 16 fairly priced?
For a typical 5-room flat here, our price model estimates $604,524–$675,840 (central estimate $640,182). Recent sales — median $596,426 — sit below that range.
What is the rent at Blk 589 Woodlands Drive 16?
The median monthly rent is $3,300/mo over the last 12 months (3 contracts).
How old is Blk 589 Woodlands Drive 16?
The block was completed in 1999 and its 99-year lease runs from 2001.