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Block 117 Hougang Avenue 1

3 Room · Built 1982 · 56 years remaining lease MOP Cleared
Latest Sale
$380,000
Jan 2025 · 3 ROOM · Floor 04-06
Median $/sqm
$4,104
Based on 9 transactions
Total Transactions
9
Since Jan 2017
5-Year Trend
▲ +19.5%
Median price change
Median Price ?
Top 98%
#568 / 579 Top 98%
Latest Sale ?
Top 97%
#563 / 579 Top 97%
Value ($/sqm) ?
Top 91%
#528 / 579 Top 91%
5-Year Growth ?
Top 98%
#374 / 380 Top 98%
Price Trend
Source: HDB Resale Flat Prices, data.gov.sg. Updated monthly.
What's Your Unit Worth?
HDB records transactions in 3-storey bands (e.g. 01 TO 03). Pick the band closest to your floor.
Estimated Market Value
--
Future Value Projection
Market Appreciation
+3.6%/yr
vs
Lease Decay
−0.58%/yr
Growth assumption
Based on this block’s +19.5% growth over 5 years
Estimated value in --
--
Market appreciation --
Lease decay --
Net effect --
Projection uses Bala's Table (SLA leasehold model) for lease decay and your selected growth rate for appreciation. Lease decay is non-linear and accelerates as remaining lease shortens. Past growth does not guarantee future performance. Not financial advice.
Lease Decay Projection
0 years 56 years remaining 99 years
56 years 6 months
Remaining lease
↓ 0.58%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 56 years remaining, decay is gradual (~0.58%/yr). It accelerates significantly below 40 years. Market appreciation (historically 2-4%/yr) currently outpaces lease decay for this block.
All Transactions
Date Floor Type Area Price $/sqm
Jan 2025 04 TO 06 3 ROOM 67 sqm $380,000 $5,672
Jan 2024 01 TO 03 3 ROOM 67 sqm $370,000 $5,522
Jun 2022 01 TO 03 3 ROOM 80 sqm $410,000 $5,125
Oct 2021 01 TO 03 3 ROOM 67 sqm $318,000 $4,746
Sep 2020 01 TO 03 3 ROOM 67 sqm $275,000 $4,104
Aug 2020 01 TO 03 3 ROOM 67 sqm $275,000 $4,104
Jul 2020 01 TO 03 3 ROOM 80 sqm $281,500 $3,519
Jun 2020 01 TO 03 3 ROOM 67 sqm $250,000 $3,731
Mar 2017 01 TO 03 3 ROOM 80 sqm $315,000 $3,938
Showing 9 of 9 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 117 Hougang Avenue 1

Block 117 at Hougang Avenue 1 is a residential HDB block in Hougang, Singapore, built in 1982 with approximately 56 years remaining on its 99-year lease. The block contains 3 room flats, with resale prices ranging from $250,000 to $410,000 based on 9 recorded transactions since January 2017. The most recent transaction was a 3 room flat on storeys 04 TO 06 sold for $380,000 in 2025-01. The current median price per square metre is $4,104. Over the past five years, resale prices at this block have increased by approximately 19.5%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8568, with an annual lease decay rate of approximately 0.58%. All transaction data is sourced from Singapore's data.gov.sg open data platform and is updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 117 Hougang Avenue 1 worth?

The most recent resale transaction at Block 117 Hougang Avenue 1 was $380,000 for a 3 room flat in 2025-01. The median price per square metre across all flat types is $4,104, based on 9 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 117 Hougang Avenue 1?

Block 117 Hougang Avenue 1 was built in 1982 and has approximately 56 years and 6 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.58%, meaning the leasehold value decreases by approximately 0.58% per year at the current remaining lease.

What flat types are available at Block 117 Hougang Avenue 1?

Block 117 Hougang Avenue 1 in Hougang contains 3 room flats. Resale prices range from $250,000 to $410,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 117 Hougang Avenue 1 gone up or down?

Resale prices at Block 117 Hougang Avenue 1 have increased by approximately 19.5% over the past five years. The current median price is $315,000, with the most recent sale at $380,000 in 2025-01.

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