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Block 232 Hougang Avenue 1

4 Room · Built 1984 · 57 years remaining lease · Updated Jul 2026 MOP Cleared

Block 232 Hougang Avenue 1 has 23 recorded HDB resale transactions since 2017. Latest sale: $670,000 (Jul 2026, 4 room, floors 10–12). Median $5,173/sqm. Built 1984, 57 years lease remaining.

How this block compares

  • 4 Room$670,000
    +8.1%vs town(+$50k)+6.3%vs national(+$40k)

Median of resales in the 12 months to Aug 2026, compared with town and Singapore medians on the same basis. Flat types with fewer than two sales in the window are omitted.

Latest Sale
$670,000
Jul 2026 · 4 ROOM · Floor 10-12
Median $/sqm
$5,173
Based on 23 transactions
Total Transactions
23
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 36%
#207 / 580 Top 36%
Latest Sale ?
Top 40%
#231 / 580 Top 40%
Value ($/sqm) ?
Top 33%
#189 / 580 Top 33%
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
--
How we estimate this →
Future Value Projection
Market Appreciation
+3%/yr
vs
Lease Decay
−0.56%/yr
Growth assumption
Using default rate (insufficient transaction history for this block)
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 57 years remaining 99 years
57 years 5 months
Remaining lease
↓ 0.56%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 57 years remaining, decay is gradual (~0.56%/yr). It accelerates significantly below 40 years. Market appreciation (historically 2-4%/yr) currently outpaces lease decay for this block.
Rental & Yield

What this block rents for, and the gross rental yield (annual rent ÷ resale price). Figures are from rentals at this block where available.

Flat type Median rent /mo Gross yield Based on
4-Room $3,500 typically $3,000–$3,500 6.3% 5 rentals here
Gross yield is annual rent before maintenance, property tax, and vacancy, so net return is lower. Renting out a whole HDB flat requires meeting the 5-year Minimum Occupation Period and HDB approval. Rents are owner-declared to HDB and unverified.
Source: HDB Renting Out of Flats, data.gov.sg (Singapore Open Data Licence).
Primary schools nearby

This block is inside the 1 km Primary 1 priority zone for 1 popular school. When a school is oversubscribed, MOE ballots by home–school distance, and homes within 1 km are drawn first.

Compare homes near all 50 popular schools
Distances are straight-line estimates from this block, indicative only. MOE measures from its own school reference point, so confirm the exact distance before relying on it.
Where this home sits, and its schools
1 school in the 1 km top-priority zone
  • This home
  • School within 1 km
  • School 1–2 km
  • 1km ring, top priority
  • 2km ring, next tier

Straight-line distances, the basis MOE uses for Home–School Distance priority. Tap a school to open it. Map © OneMap, SLA.

Nearby comparable homes

Other HDB blocks closest to Block 232 Hougang Avenue 1 in Hougang, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.

See all HDB blocks in Hougang
Distances are straight-line estimates from this home, indicative only. Prices are medians of recorded resale transactions, not asking prices.
All Transactions
Date Floor Type Area Price $/sqm
Jul 2026 10 TO 12 4 ROOM 104 sqm $670,000 $6,442
Jul 2026 07 TO 09 4 ROOM 104 sqm $675,000 $6,490
Jul 2026 04 TO 06 4 ROOM 104 sqm $620,000 $5,962
May 2025 07 TO 09 4 ROOM 104 sqm $500,000 $4,808
Apr 2025 10 TO 12 4 ROOM 104 sqm $705,000 $6,779
Feb 2025 01 TO 03 4 ROOM 104 sqm $618,000 $5,942
Jun 2024 07 TO 09 4 ROOM 104 sqm $600,000 $5,769
Jun 2024 07 TO 09 4 ROOM 111 sqm $668,000 $6,018
May 2024 13 TO 15 4 ROOM 104 sqm $650,000 $6,250
Apr 2024 07 TO 09 4 ROOM 104 sqm $575,000 $5,529
Aug 2023 01 TO 03 4 ROOM 104 sqm $530,000 $5,096
Jul 2023 13 TO 15 4 ROOM 104 sqm $590,000 $5,673
Feb 2023 01 TO 03 4 ROOM 104 sqm $460,000 $4,423
Jul 2022 13 TO 15 4 ROOM 104 sqm $570,000 $5,481
Dec 2020 10 TO 12 4 ROOM 104 sqm $500,000 $4,808
Dec 2020 04 TO 06 4 ROOM 104 sqm $440,000 $4,231
Jan 2020 04 TO 06 4 ROOM 104 sqm $450,000 $4,327
Dec 2019 13 TO 15 4 ROOM 104 sqm $490,000 $4,712
Feb 2019 04 TO 06 4 ROOM 104 sqm $480,000 $4,615
Aug 2018 01 TO 03 4 ROOM 110 sqm $403,000 $3,664
Showing 20 of 23 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 232 Hougang Avenue 1

Block 232 Hougang Avenue 1 in Hougang dates to 1984 and now has roughly 57 years of lease remaining, which makes lease decay the central consideration for buyers. Its median runs about 10% above the Hougang median, ahead of around 64% of the town's blocks. It has a regular flow of resale activity, with 23 transactions since 2017 across 4 room flats priced from $403,000 to $705,000. The most recent transaction was a 4 room flat on storeys 10 TO 12 at $670,000 in Jul 2026, and the median works out to $5,173/sqm. Higher floors carry a premium, with the 13 TO 15 band trading roughly 17% above the 01 TO 03 band. All transaction data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 232 Hougang Avenue 1 worth?

The most recent resale transaction at Block 232 Hougang Avenue 1 was $670,000 for a 4 room flat in 2026-07. The median price per square metre across all flat types is $5,173, based on 23 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 232 Hougang Avenue 1?

Block 232 Hougang Avenue 1 was built in 1984 and has approximately 57 years and 5 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.56%, meaning the leasehold value decreases by approximately 0.56% per year at the current remaining lease.

What flat types are available at Block 232 Hougang Avenue 1?

Block 232 Hougang Avenue 1 in Hougang contains 4 room flats. Resale prices range from $403,000 to $705,000 based on historical transaction records from data.gov.sg.

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