Prices · Clementi · Clementi Avenue 3
Block 440B Clementi Avenue 3
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What this block is
| Address | Block 440B Clementi Avenue 3, Clementi |
| Flat types here | 3-room, 4-room — on the evidence of 20 sales since Sept 2020, so a type that has never been resold here will not appear |
| Unit sizes | 3-room about 743 sq ft, 4-room about 1,012 sq ft (743 to 1,012 sq ft across the block) |
| Lease | 99 years from 2018, expiring 2117 — 91 years left |
| Floors that have sold | 4 to 39, so the block stands at least 39 storeys |
| Flat models | Model A |
| Town and district | Clementi |
| Compare it with | the rest of Clementi Avenue 3, 3-room flats across Clementi |
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 $1,391 for every month of the 91 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 | $232,140 |
| Mortgage interest over 25 years | $265,625 |
| Running costs over the remaining lease | $393,120 |
| Total over the lease | $1,519,385 |
| Monthly while repaying | $3,340 |
| 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 five sales, which is too few to call a market rate.
By flat type
| Type | Median | Range | Size | psf | Sales |
|---|---|---|---|---|---|
| 3-room | $760,000 | $560,000–$851,000 | 743 sq ft | 1,023 | 10 |
| 4-room | $960,000 | $823,828–$1,200,000 | 1,012 sq ft | 949 | 10 |
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.
| 04 to 06 | $940,000 | 929 psf | 3 |
| 07 to 09 | $760,000 | 814 psf | 3 |
| 10 to 12 | $920,000 | 1042 psf | 2 |
| 13 to 15 | $900,000 | 1036 psf | 2 |
| 16 to 18 | $775,000 | 1043 psf | 1 |
| 19 to 21 | $838,000 | 1128 psf | 1 |
| 25 to 27 | $965,000 | 954 psf | 1 |
| 28 to 30 | $851,000 | 1146 psf | 1 |
| 31 to 33 | $1,024,400 | 1012 psf | 2 |
| 34 to 36 | $760,000 | 1023 psf | 1 |
| 37 to 39 | $880,000 | 937 psf | 3 |
Year by year
| 2020 | $704,400 | 796 psf | two sales |
| 2021 | $851,914 | 842 psf | two sales |
| 2022 | $830,500 | 945 psf | two sales |
| 2023 | $940,000 | 944 psf | five sales |
| 2024 | $757,500 | 1020 psf | two sales |
| 2025 | $1,125,000 | 1112 psf | two sales |
| 2026 | $838,000 | 1128 psf | five sales |
20 transactions in all, from Sept 2020 to Sept 2026. The flat models recorded here are Model A.