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Block 124 Hougang Avenue 1

3 Room · 4 Room · Executive · Built 1981 · 54 years remaining lease MOP Cleared
Latest Sale
$456,000
Mar 2026 · 3 ROOM · Floor 10-12
Median $/sqm
$5,058
Based on 26 transactions
Total Transactions
26
Since Jan 2017
5-Year Trend
▲ +47.2%
Median price change
Median Price ?
Top 87%
#506 / 579 Top 87%
Latest Sale ?
Top 86%
#497 / 579 Top 86%
Value ($/sqm) ?
Top 36%
#208 / 579 Top 36%
5-Year Growth ?
Top 18%
#70 / 380 Top 18%
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
+8%/yr
vs
Lease Decay
−0.63%/yr
Growth assumption
Based on this block’s +47.2% 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 54 years remaining 99 years
54 years 8 months
Remaining lease
↓ 0.63%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 54 years remaining, decay is gradual (~0.63%/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
Mar 2026 10 TO 12 3 ROOM 82 sqm $456,000 $5,561
Oct 2025 10 TO 12 3 ROOM 82 sqm $480,000 $5,854
Aug 2024 07 TO 09 3 ROOM 67 sqm $432,000 $6,448
Jun 2024 10 TO 12 EXECUTIVE 161 sqm $950,000 $5,901
Jan 2024 04 TO 06 3 ROOM 67 sqm $388,000 $5,791
Nov 2023 10 TO 12 3 ROOM 67 sqm $378,000 $5,642
Oct 2023 01 TO 03 3 ROOM 67 sqm $368,000 $5,493
May 2023 04 TO 06 3 ROOM 67 sqm $370,000 $5,522
Apr 2023 01 TO 03 4 ROOM 91 sqm $415,000 $4,560
Mar 2023 07 TO 09 3 ROOM 67 sqm $385,000 $5,746
Feb 2023 04 TO 06 3 ROOM 67 sqm $368,000 $5,493
Feb 2023 04 TO 06 3 ROOM 67 sqm $370,000 $5,522
Sep 2022 10 TO 12 4 ROOM 91 sqm $452,000 $4,967
Jul 2022 07 TO 09 3 ROOM 67 sqm $375,000 $5,597
Feb 2022 07 TO 09 3 ROOM 67 sqm $325,000 $4,851
Feb 2022 10 TO 12 3 ROOM 67 sqm $345,000 $5,149
Jun 2021 04 TO 06 EXECUTIVE 161 sqm $735,000 $4,565
Apr 2021 04 TO 06 4 ROOM 91 sqm $368,888 $4,054
Mar 2021 10 TO 12 3 ROOM 67 sqm $318,000 $4,746
Oct 2020 04 TO 06 3 ROOM 67 sqm $275,000 $4,104
Showing 20 of 26 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 124 Hougang Avenue 1

Block 124 at Hougang Avenue 1 is a residential HDB block in Hougang, Singapore, built in 1981 with approximately 54 years remaining on its 99-year lease. The block contains 3 room, 4 room, executive flats, with resale prices ranging from $260,000 to $950,000 based on 26 recorded transactions since January 2017. The most recent transaction was a 3 room flat on storeys 10 TO 12 sold for $456,000 in 2026-03. The current median price per square metre is $5,058. Over the past five years, resale prices at this block have increased by approximately 47.2%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8475, with an annual lease decay rate of approximately 0.63%. 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 124 Hougang Avenue 1 worth?

The most recent resale transaction at Block 124 Hougang Avenue 1 was $456,000 for a 3 room flat in 2026-03. The median price per square metre across all flat types is $5,058, based on 26 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 124 Hougang Avenue 1?

Block 124 Hougang Avenue 1 was built in 1981 and has approximately 54 years and 8 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.63%, meaning the leasehold value decreases by approximately 0.63% per year at the current remaining lease.

What flat types are available at Block 124 Hougang Avenue 1?

Block 124 Hougang Avenue 1 in Hougang contains 3 room, 4 room, executive flats. Resale prices range from $260,000 to $950,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 124 Hougang Avenue 1 gone up or down?

Resale prices at Block 124 Hougang Avenue 1 have increased by approximately 47.2% over the past five years. The current median price is $369,444, with the most recent sale at $456,000 in 2026-03.

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