Blk 587 Woodlands Drive 16
About 587 Woodlands Dr 16
587 Woodlands Drive 16 is an HDB block in Woodlands. It comprises 5 room and executive units with the highest floor being 12. The block was completed in 1999 and the lease with HDB commenced in the year 2001. This leaves a remaining lease period of approximately 83 years 06 months.
Based on past transactions data, the unit floor size are 111 and 131sqm. The latest resale transaction was in May 2024 and the highest transacted price was recorded in Jan 2024 for a executive unit at $750,000.
In terms of accessibility to schools, there are several primary schools located within 1km of 587, including Innova Primary School, Woodgrove Primary School and Woodlands Ring Primary School.
For secondary education, the nearby schools include Woodgrove Secondary School and Christ Church Secondary School.
Public transportation is also convenient, with several MRT stations close to 587, including Woodlands South MRT Station (TE3). There are also 7 bus stops within walking distance of this block.
Resale summary (last 3 years)
| Flat Type | Min $ | Avg $ | Max $ | Sold |
|---|---|---|---|---|
| 5 room | $500,000 | $558,697 | $605,888 | 11 |
| Executive | $610,888 | $684,778 | $750,000 | 5 |
Rental summary (last 3 years)
| Flat Type | Min $ | Avg $ | Max $ | Rented |
|---|---|---|---|---|
| 5 room | $2,500 | $2,896 | $3,700 | 14 |
| Executive | $2,500 | $3,240 | $3,800 | 5 |
Resale transactions volume and average price trend (last 3 years)
Below is a quick summary of the resale transactions volume and average price trends for the 5 room and executive units at 587 Woodlands Drive 16.
- 5 room sales : Stable or no visible trend
- Executive sales : Stable or no visible trend
- 5 room price : Trending up
- Executive price : Trending up
Resale transaction details and prices
There were a total of 16 resale transactions in the last 3 years for units in block 587 Woodlands Drive 16, with the latest one recorded in May 2024.
| Date | Resale | PSM | Type | Location | Floor | Fl. Area | Model | Built |
|---|---|---|---|---|---|---|---|---|
| May 2024 | $600,000 | $5,405 | 5 Room | Blk 587 Woodlands Drive 16 5 Room / 111 sqm | 07 to 09 | 111 sqm | Improved | 2001 |
| Mar 2024 | $605,888 | $5,458 | 5 Room | Blk 587 Woodlands Drive 16 5 Room / 111 sqm | 10 to 12 | 111 sqm | Improved | 2001 |
| Feb 2024 | $580,000 | $5,225 | 5 Room | Blk 587 Woodlands Drive 16 5 Room / 111 sqm | 04 to 06 | 111 sqm | Improved | 2001 |
| Feb 2024 | $748,000 | $5,710 | Executive | Blk 587 Woodlands Drive 16 Executive / 131 sqm | 07 to 09 | 131 sqm | Apartment | 2001 |
| Jan 2024 | $750,000 | $5,725 | Executive | Blk 587 Woodlands Drive 16 Executive / 131 sqm | 10 to 12 | 131 sqm | Apartment | 2001 |
| Dec 2023 | $573,000 | $5,162 | 5 Room | Blk 587 Woodlands Drive 16 5 Room / 111 sqm | 04 to 06 | 111 sqm | Improved | 2001 |
| Jun 2023 | $568,888 | $5,125 | 5 Room | Blk 587 Woodlands Drive 16 5 Room / 111 sqm | 07 to 09 | 111 sqm | Improved | 2001 |
| May 2023 | $570,000 | $5,135 | 5 Room | Blk 587 Woodlands Drive 16 5 Room / 111 sqm | 07 to 09 | 111 sqm | Improved | 2001 |
| Mar 2023 | $570,000 | $5,135 | 5 Room | Blk 587 Woodlands Drive 16 5 Room / 111 sqm | 10 to 12 | 111 sqm | Improved | 2001 |
| Feb 2023 | $675,000 | $5,153 | Executive | Blk 587 Woodlands Drive 16 Executive / 131 sqm | 04 to 06 | 131 sqm | Apartment | 2001 |
| Jan 2023 | $535,888 | $4,828 | 5 Room | Blk 587 Woodlands Drive 16 5 Room / 111 sqm | 04 to 06 | 111 sqm | Improved | 2001 |
| Jan 2023 | $640,000 | $4,885 | Executive | Blk 587 Woodlands Drive 16 Executive / 131 sqm | 01 to 03 | 131 sqm | Apartment | 2001 |
| Jul 2022 | $610,888 | $4,663 | Executive | Blk 587 Woodlands Drive 16 Executive / 131 sqm | 04 to 06 | 131 sqm | Apartment | 2001 |
| May 2022 | $530,000 | $4,775 | 5 Room | Blk 587 Woodlands Drive 16 5 Room / 111 sqm | 04 to 06 | 111 sqm | Improved | 2001 |
| Dec 2021 | $512,000 | $4,613 | 5 Room | Blk 587 Woodlands Drive 16 5 Room / 111 sqm | 01 to 03 | 111 sqm | Improved | 2001 |
| Aug 2021 | $500,000 | $4,505 | 5 Room | Blk 587 Woodlands Drive 16 5 Room / 111 sqm | 04 to 06 | 111 sqm | Improved | 2001 |
Rental transactions volume and average rental price trend (last 3 years)
Here's a summary of the rental transactions and price trends for the 5 room and executive units at 587 Woodlands Drive 16.
- 5 room rental : Trending down
- Executive rental : Trending down
- 5 room rental price : Trending up
- Executive rental price : Trending up
Rental transaction details and prices
There were a total of 19 rental transactions in the last 3 years for units in block 587 Woodlands Drive 16. The latest recorded one was in Apr 2024.
| Date | Rental | Flat Type | Location | Town |
|---|---|---|---|---|
| Apr 2024 | $3,200 | 5 Room | Blk 587 Woodlands Drive 16 5 Room | Woodlands |
| Feb 2024 | $3,600 | Executive | Blk 587 Woodlands Drive 16 Executive | Woodlands |
| Feb 2024 | $3,150 | 5 Room | Blk 587 Woodlands Drive 16 5 Room | Woodlands |
| Jan 2024 | $3,400 | Executive | Blk 587 Woodlands Drive 16 Executive | Woodlands |
| Jan 2024 | $3,000 | 5 Room | Blk 587 Woodlands Drive 16 5 Room | Woodlands |
| Nov 2023 | $3,800 | Executive | Blk 587 Woodlands Drive 16 Executive | Woodlands |
| Sep 2023 | $3,700 | 5 Room | Blk 587 Woodlands Drive 16 5 Room | Woodlands |
| May 2023 | $3,000 | 5 Room | Blk 587 Woodlands Drive 16 5 Room | Woodlands |
| Mar 2023 | $2,500 | 5 Room | Blk 587 Woodlands Drive 16 5 Room | Woodlands |
| Oct 2022 | $3,200 | 5 Room | Blk 587 Woodlands Drive 16 5 Room | Woodlands |
| Aug 2022 | $2,900 | 5 Room | Blk 587 Woodlands Drive 16 5 Room | Woodlands |
| Jul 2022 | $3,200 | 5 Room | Blk 587 Woodlands Drive 16 5 Room | Woodlands |
| May 2022 | $2,600 | 5 Room | Blk 587 Woodlands Drive 16 5 Room | Woodlands |
| May 2022 | $2,500 | 5 Room | Blk 587 Woodlands Drive 16 5 Room | Woodlands |
| Feb 2022 | $2,500 | Executive | Blk 587 Woodlands Drive 16 Executive | Woodlands |
| Feb 2022 | $2,900 | Executive | Blk 587 Woodlands Drive 16 Executive | Woodlands |
| Dec 2021 | $2,500 | 5 Room | Blk 587 Woodlands Drive 16 5 Room | Woodlands |
| Nov 2021 | $2,500 | 5 Room | Blk 587 Woodlands Drive 16 5 Room | Woodlands |
| Jul 2021 | $2,600 | 5 Room | Blk 587 Woodlands Drive 16 5 Room | Woodlands |
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Property information for 587 Woodlands Drive 16
| Block | : | 587 |
| Street | : | Woodlands Drive 16 |
| Building | : | |
| Postal code | : | 730587 |
| Town | : | Woodlands |
| Recorded transactions floor area | : | 111 sqm, 131 sqm |
| Recorded transactions flat types | : | 5 Room, Executive |
| Recorded transactions flat models | : | Improved, Apartment |
| Lease commencement | : | 2001 |
| Year completed | : | 1999 |
| Max. Floor | : | 12 |
| Residential? | : | Y |
| Commercial? | : | N |
| Market or hawker centre? | : | N |
| Multi-storey carpark? | : | N |
| Precinct or pavilion? | : | N |