Prices · Sengkang · Fernvale Lane
Block 403B Fernvale Lane
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What this block is
| Address | Block 403B Fernvale Lane, Sengkang |
| Flat types here | 4-room, 5-room — on the evidence of 29 sales since June 2017, so a type that has never been resold here will not appear |
| Unit sizes | 4-room about 1,001 sq ft, 5-room about 1,195 sq ft (1,001 to 1,195 sq ft across the block) |
| Lease | 99 years from 2004, expiring 2103 — 77 years left |
| Floors that have sold | 1 to 24, so the block stands at least 24 storeys |
| Flat models | Premium Apartment |
| Town and district | Sengkang |
| Compare it with | the rest of Fernvale Lane, 4-room flats across Sengkang |
Two things this page deliberately does not have. There is no floor plan: the resale register carries none, and drawing one from the median floor area would be an invention. And there is no nearest station, for the same reason — no rail data is published here, so the distance would be guessed. What is near this block, measured rather than assumed, is the food: hawker centres within a walk.
What a flat here really costs each month
Bought at the median price, a flat in this block works out at $1,363 for every month of the 77 years its lease still has to run. That figure takes in the price itself, both stamp duties, legal and valuation fees, the whole of the mortgage interest and the running costs for as long as the lease lasts.
It is a different question from the monthly instalment, which stops after 25 years while the lease carries on being used up.
| Cash needed up front | $190,700 |
| Mortgage interest over 25 years | $218,713 |
| Running costs over the remaining lease | $332,640 |
| Total over the lease | $1,259,553 |
| Monthly while repaying | $2,814 |
| Monthly once repaid | $360 |
Assumes a Singapore citizen buying a first home with a 75 per cent loan at 3 per cent over 25 years, $2,500 in legal fees, $400 for valuation, $1,200 a year in property tax and $260 a month for conservancy, upkeep and insurance. Change any of these. Figures are not discounted: a dollar paid in the final year of the lease is counted the same as a dollar paid today. Opportunity cost, CPF accrued interest and any resale value are excluded.
The median above is based on just three sales, which is too few to call a market rate.
By flat type
| Type | Median | Range | Size | psf | Sales |
|---|---|---|---|---|---|
| 4-room | $433,000 | $301,000–$610,000 | 1,001 sq ft | 433 | 15 |
| 5-room | $441,444 | $420,000–$690,000 | 1,195 sq ft | 369 | 14 |
By floor
Measured inside a block, where the address, the age and the lease are all held still, a storey is worth about 0.63 per cent of the price per square foot — so the difference between the second floor and the twentieth is roughly 11 per cent, not the 2.1 times the market-wide storey bands appear to show. Why those bands mislead.
| 01 to 03 | $367,000 | 365 psf | 2 |
| 04 to 06 | $426,000 | 358 psf | 5 |
| 07 to 09 | $463,000 | 431 psf | 5 |
| 10 to 12 | $431,444 | 361 psf | 2 |
| 13 to 15 | $395,000 | 390 psf | 3 |
| 16 to 18 | $475,000 | 420 psf | 7 |
| 19 to 21 | $508,000 | 507 psf | 1 |
| 22 to 24 | $457,500 | 441 psf | 4 |
Year by year
| 2017 | $441,444 | 369 psf | two sales |
| 2018 | $420,000 | 354 psf | five sales |
| 2019 | $411,500 | 374 psf | two sales |
| 2020 | $410,000 | 375 psf | four sales |
| 2021 | $475,000 | 418 psf | five sales |
| 2022 | $463,000 | 463 psf | five sales |
| 2023 | $507,500 | 463 psf | two sales |
| 2024 | $685,000 | 568 psf | one sale |
| 2025 | $690,000 | 578 psf | one sale |
| 2026 | $650,000 | 593 psf | two sales |
29 transactions in all, from June 2017 to July 2026. The flat models recorded here are Premium Apartment.