Prices · Choa Chu Kang · Choa Chu Kang Street 51 · D23 Hillview
Block 505 Choa Chu Kang Street 51
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What this block is
| Address | Block 505 Choa Chu Kang Street 51, Choa Chu Kang, Singapore 680505 |
| Flat types here | 4-room, 5-room — on the evidence of 16 sales since Dec 2017, so a type that has never been resold here will not appear |
| Unit sizes | 4-room about 1,163 sq ft, 5-room about 1,378 sq ft (1,163 to 1,378 sq ft across the block) |
| Lease | 99 years from 1994, expiring 2093 — 67 years left |
| Floors that have sold | 1 to 12, so the block stands at least 12 storeys |
| Flat models | Improved, Model A |
| Town and district | Choa Chu Kang, district 23 (Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang) |
| Compare it with | the rest of Choa Chu Kang Street 51, 5-room flats across Choa Chu Kang |
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 $1,270 for every month of the 67 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 | $150,100 |
| Mortgage interest over 25 years | $172,752 |
| Running costs over the remaining lease | $289,440 |
| Total over the lease | $1,021,042 |
| Monthly while repaying | $2,298 |
| 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 | $527,500 | $330,000–$560,000 | 1,163 sq ft | 454 | 6 |
| 5-room | $411,500 | $383,000–$600,000 | 1,378 sq ft | 302 | 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.
| 01 to 03 | $545,000 | 442 psf | 3 |
| 04 to 06 | $517,500 | 376 psf | 2 |
| 07 to 09 | $400,000 | 297 psf | 5 |
| 10 to 12 | $416,500 | 306 psf | 6 |
Year by year
| 2017 | $330,000 | 281 psf | one sale |
| 2018 | $425,000 | 308 psf | one sale |
| 2019 | $390,000 | 286 psf | seven sales |
| 2021 | $480,000 | 348 psf | one sale |
| 2023 | $555,000 | 403 psf | one sale |
| 2024 | $520,000 | 447 psf | one sale |
| 2025 | $560,000 | 486 psf | one sale |
| 2026 | $545,000 | 460 psf | three sales |
16 transactions in all, from Dec 2017 to July 2026. The flat models recorded here are Improved, Model A.