Prices · Bishan · Sin Ming Avenue · D20 Bishan
Block 408 Sin Ming Avenue
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What this block is
| Address | Block 408 Sin Ming Avenue, Bishan, Singapore 570408 |
| Flat types here | 5-room — on the evidence of 19 sales since Sept 2017, so a type that has never been resold here will not appear |
| Unit sizes | 5-room about 1,292 sq ft |
| Lease | 99 years from 1986, expiring 2085 — 59 years left |
| Floors that have sold | 1 to 27, so the block stands at least 27 storeys |
| Flat models | Improved |
| Town and district | Bishan, district 20 (Bishan, Ang Mo Kio) |
| Compare it with | the rest of Sin Ming Avenue, 5-room flats across Bishan |
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 $2,204 for every month of the 59 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 | $269,380 |
| Mortgage interest over 25 years | $307,783 |
| Running costs over the remaining lease | $254,880 |
| Total over the lease | $1,560,293 |
| Monthly while repaying | $3,813 |
| 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 two sales, which is too few to call a market rate.
By flat type
| Type | Median | Range | Size | psf | Sales |
|---|---|---|---|---|---|
| 5-room | $825,000 | $630,000–$992,000 | 1,292 sq ft | 639 | 19 |
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 | $858,888 | 665 psf | 1 |
| 04 to 06 | $640,000 | 495 psf | 3 |
| 07 to 09 | $825,000 | 639 psf | 1 |
| 10 to 12 | $801,000 | 620 psf | 2 |
| 13 to 15 | $817,400 | 633 psf | 2 |
| 16 to 18 | $792,500 | 614 psf | 2 |
| 19 to 21 | $730,000 | 565 psf | 3 |
| 22 to 24 | $819,000 | 634 psf | 4 |
| 25 to 27 | $850,000 | 658 psf | 1 |
Year by year
| 2017 | $711,000 | 550 psf | two sales |
| 2018 | $724,000 | 561 psf | two sales |
| 2019 | $631,000 | 489 psf | two sales |
| 2020 | $640,000 | 495 psf | one sale |
| 2021 | $780,000 | 604 psf | one sale |
| 2022 | $828,500 | 641 psf | four sales |
| 2023 | $862,500 | 668 psf | two sales |
| 2024 | $970,000 | 751 psf | two sales |
| 2025 | $904,444 | 700 psf | two sales |
| 2026 | $992,000 | 768 psf | one sale |
19 transactions in all, from Sept 2017 to Jan 2026. The flat models recorded here are Improved.