Block 587 Woodlands Dr 16
587 Woodlands Dr 16, Singapore 730587
Block 587 Woodlands Dr 16 is an HDB block in Woodlands, completed in 1999, with 134 dwelling units. Across 114 resales on record, 5-Room flats have recently resold around S$640k (S$530 psf, 111 sqm). The lease has approximately 74 years remaining.
What are the key facts about Block 587 Woodlands Dr 16?
Block 587 Woodlands Dr 16 is an HDB block in Woodlands, completed in 1999, with 134 dwelling units.
- Town
- Woodlands
- Planning area
- Woodlands
- Completed
- 1999
- Storeys
- 12
- Total units
- 134
- Flat model
- Improved · Apartment
- Market segment
- OCR
- Median resale
- S$640k
- Last transacted
- Jun 2026
- Remaining lease
- ≈ 74 years
What are resale prices at Block 587 Woodlands Dr 16?
5-Room flats have recently resold around S$640k (S$530 psf), from 114 resales on record (HDB caveat data).
| Flat type | Resales | Median price | Size | PSF |
|---|---|---|---|---|
| 5-Room | 80 | S$573,000recent | 111 sqm | S$480 psf |
| Executive | 34 | S$748,000recent | 131 sqm | S$530 psf |
Live now: 0 flats listed for sale at this block and 2 for rent — search all listings.
“Recent” medians use the latest transactions; for older blocks the all-time median spans 30+ years and understates today’s price. Source: HDB resale caveats, through Jun 2026.
What rent and yield does Block 587 Woodlands Dr 16 get?
Flats at Block 587 Woodlands Dr 16 have recently sublet for a median of S$3,300/mo, an indicative gross rental yield of about 6.2% (from 24 recent rental contracts).
Median rent
S$3,300/mo
24 recent contracts
Gross rental yield
6.2%
indicative, gross
Annual rent
S$39,600
median × 12 months
| Flat type | Contracts | Median rent |
|---|---|---|
| Executive | 11 | S$3,400/mo |
| 5-Room | 24 | S$3,200/mo |
HDB subletting requires the flat owner to have met the 5-year Minimum Occupation Period (MOP), so the rental sample per block is small — treat the yield as indicative. Latest contract Jun 2026. Source: HDB rental (subletting) data.
What has recently sold at Block 587 Woodlands Dr 16?
Block 587 Woodlands Dr 16 has 114 recorded resales; the most recent transacted at S$640,000 in Jun 2026 (HDB caveat data).
| Date | Flat type | Storey | Size | Price |
|---|---|---|---|---|
| Jun 2026 | 5-Room | 07 TO 09 | 111 sqm | S$640,000 |
| Nov 2025 | Executive | 10 TO 12 | 131 sqm | S$825,000 |
| May 2025 | 5-Room | 07 TO 09 | 111 sqm | S$620,000 |
| Apr 2025 | 5-Room | 07 TO 09 | 111 sqm | S$630,000 |
| Mar 2025 | Executive | 07 TO 09 | 131 sqm | S$820,000 |
| Mar 2025 | Executive | 07 TO 09 | 131 sqm | S$805,000 |
| Dec 2024 | Executive | 01 TO 03 | 131 sqm | S$770,000 |
| Dec 2024 | Executive | 07 TO 09 | 131 sqm | S$755,000 |
| May 2024 | 5-Room | 07 TO 09 | 111 sqm | S$600,000 |
| Mar 2024 | 5-Room | 10 TO 12 | 111 sqm | S$605,888 |
| Feb 2024 | Executive | 07 TO 09 | 131 sqm | S$748,000 |
| Feb 2024 | 5-Room | 04 TO 06 | 111 sqm | S$580,000 |
What flat types are in Block 587 Woodlands Dr 16?
Block 587 Woodlands Dr 16 has 134 units, mostly 5-Room flats of the Improved / Apartment model.
Unit stock by flat type, from the HDB property information dataset.
Where is Block 587 Woodlands Dr 16?
Block 587 Woodlands Dr 16 is an HDB block in Woodlands.
Block 587 Woodlands Dr 16 is an HDB block located along Woodlands Dr 16. The block is recorded as completed around 1999, with up to 12 storeys. It has an estimated 134 residential units based on the HDB property information dataset. Flat types in the block include 5-room and executive units.
The address is Block 587 Woodlands Dr 16, Singapore 730587. It is part of District 25, Kranji / Woodgrove, the Woodlands planning area. The block falls within the North Region and the OCR market segment.
The nearest rail connection is Woodlands South MRT, approximately 254m away, around 4 minutes on foot. Nearby amenities include Causeway Point for shopping, COLD STORAGE SINGAPORE (1983) PTE LTD for groceries, and Woodlands Healing Garden for greenery and recreation.
How far is Block 587 Woodlands Dr 16 from MRT and schools?
The nearest MRT/LRT to Block 587 Woodlands Dr 16 is Woodlands South MRT, about 254 m away (~4 min walk). 7 schools are within 1 km, including 4 primary schools.
Getting around
- Woodlands South MRT254 m · ~4 min
Schools nearby
Flats within 1 km of a primary school qualify for Primary 1 (P1) registration priority.
- Woodgrove Secondary SchoolSecondary schoolwithin 1 km86 m
- Christ Church Secondary SchoolSecondary schoolwithin 1 km292 m
- Innova Primary SchoolPrimary schoolwithin 1 km · P1 priority524 m
- Singapore Sports SchoolMixed-level schoolwithin 1 km688 m
- Woodgrove Primary SchoolPrimary schoolwithin 1 km · P1 priority734 m
- Woodlands Ring Primary SchoolPrimary schoolwithin 1 km · P1 priority762 m
- Woodlands Primary SchoolPrimary schoolwithin 1 km · P1 priority991 m
- Si Ling Primary SchoolPrimary school1.1 km
Shops, food & parks
Straight-line distances from the block. Source: PropKaki amenities data.
What does it cost to buy a flat at Block 587 Woodlands Dr 16?
Buying a flat at Block 587 Woodlands Dr 16 (~S$640k) needs about S$5,102/mo in income and S$2,403/mo in repayments, after S$13,800 stamp duty and a S$160k downpayment.
Illustrative, for a buyer at the recent median resale price (S$640k) — 25% downpayment (bank-loan basis), 25-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →
Buyer's Stamp Duty
S$13,800
BSD, tiered
Downpayment (25%)
S$160k
cash + CPF
Monthly instalment
S$2,403/mo
25y @ 3.5%
Income required
S$5,102/mo
MSR/TDSR @ stress rate
First-time HDB buyers pay no Additional Buyer’s Stamp Duty (ABSD) and may qualify for CPF Housing Grants of up to S$80,000+, which lower the cash required — these are not included above. An HDB concessionary loan also allows a smaller downpayment.
Wondering whether it will hold its value? See do HDB flats actually make money? →
Eyeing Block 587 Woodlands Dr 16? Ask what it's worth.
Recent transacted prices, what's nearby, and whether an asking price is fair.
PropKakiRecent sales at Block 587 Woodlands Dr 16 land close to the town median — fair value, no big premium.
Frequently asked questions about Block 587 Woodlands Dr 16
How much does a 5-Room flat at Block 587 Woodlands Dr 16 cost?⌄
5-Room flats at Block 587 Woodlands Dr 16 have recently resold for a median of about S$640k (S$530 psf), from 114 resales on record (HDB caveats). The exact price depends on the flat type, floor and remaining lease.
What are resale prices at Block 587 Woodlands Dr 16 by flat type?⌄
5-Room ≈ S$573k; Executive ≈ S$748k (median resale, HDB caveats).
Is Block 587 Woodlands Dr 16 worth buying given its remaining lease?⌄
Block 587 Woodlands Dr 16 has about 74 years left on its 99-year lease (completed 1999). That's a long runway, so CPF usage and bank financing are generally unrestricted. The figure is taken from the most recent transacted flat.
What is the rental yield at Block 587 Woodlands Dr 16?⌄
Gross rental yield at Block 587 Woodlands Dr 16 is about 6.2%, based on a median subletting rent of about S$3,300/mo against a resale price of about S$640k. HDB subletting requires the owner to have met the 5-year MOP, so the per-block sample is small — treat this as indicative.
How much do I need to earn to buy a flat at Block 587 Woodlands Dr 16?⌄
For a flat at about S$640k on a 25-year HDB-style loan, you'd need roughly S$5,102/mo in household income, with repayments around S$2,403/mo after a S$160k downpayment. First-timer grants of up to S$80,000+ (not included) lower the cash needed.
What is the nearest MRT to Block 587 Woodlands Dr 16?⌄
The nearest MRT/LRT station to Block 587 Woodlands Dr 16 is Woodlands South MRT, about 254 m away (~4 min walk).
Which primary schools are within 1 km of Block 587 Woodlands Dr 16?⌄
Innova Primary School, Woodgrove Primary School, Woodlands Ring Primary School, Woodlands Primary School are within 1 km of Block 587 Woodlands Dr 16 — flats within 1 km of a primary school qualify for Primary 1 (P1) registration priority.