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Block 701 Hougang Avenue 2

3 Room · 4 Room · Built 1985 · 59 years remaining lease MOP Cleared
Latest Sale
$560,000
May 2025 · 4 ROOM · Floor 04-06
Median $/sqm
$4,176
Based on 31 transactions
Total Transactions
31
Since Jan 2017
5-Year Trend
▲ +50.5%
Median price change
Median Price ?
Top 86%
#499 / 579 Top 86%
Latest Sale ?
Top 67%
#389 / 579 Top 67%
Value ($/sqm) ?
Top 87%
#504 / 579 Top 87%
5-Year Growth ?
Top 11%
#42 / 380 Top 11%
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
+8.5%/yr
vs
Lease Decay
−0.52%/yr
Growth assumption
Based on this block’s +50.5% 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 59 years remaining 99 years
59 years 7 months
Remaining lease
↓ 0.52%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 59 years remaining, decay is gradual (~0.52%/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
May 2025 04 TO 06 4 ROOM 96 sqm $560,000 $5,833
Oct 2024 01 TO 03 4 ROOM 93 sqm $530,000 $5,699
Apr 2024 04 TO 06 4 ROOM 96 sqm $510,000 $5,313
Apr 2024 04 TO 06 4 ROOM 91 sqm $528,000 $5,802
Feb 2024 07 TO 09 3 ROOM 80 sqm $415,000 $5,188
Dec 2023 10 TO 12 4 ROOM 93 sqm $516,000 $5,548
Jul 2023 01 TO 03 4 ROOM 93 sqm $480,000 $5,161
May 2023 01 TO 03 4 ROOM 101 sqm $560,000 $5,545
Aug 2022 07 TO 09 4 ROOM 91 sqm $438,000 $4,813
Jul 2022 07 TO 09 3 ROOM 71 sqm $365,000 $5,141
Nov 2021 01 TO 03 4 ROOM 99 sqm $414,500 $4,187
Aug 2021 04 TO 06 4 ROOM 91 sqm $350,000 $3,846
Aug 2021 04 TO 06 4 ROOM 91 sqm $380,000 $4,176
Jul 2021 07 TO 09 3 ROOM 67 sqm $320,000 $4,776
Jul 2021 07 TO 09 4 ROOM 91 sqm $374,000 $4,110
Mar 2021 01 TO 03 4 ROOM 93 sqm $370,000 $3,978
Feb 2021 07 TO 09 4 ROOM 91 sqm $363,000 $3,989
Nov 2020 07 TO 09 4 ROOM 91 sqm $368,000 $4,044
Oct 2020 04 TO 06 4 ROOM 91 sqm $365,000 $4,011
Feb 2020 01 TO 03 4 ROOM 96 sqm $308,000 $3,208
Showing 20 of 31 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 701 Hougang Avenue 2

Block 701 at Hougang Avenue 2 is a residential HDB block in Hougang, Singapore, built in 1985 with approximately 59 years remaining on its 99-year lease. The block contains 3 room, 4 room flats, with resale prices ranging from $240,000 to $560,000 based on 31 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 04 TO 06 sold for $560,000 in 2025-05. The current median price per square metre is $4,176. Over the past five years, resale prices at this block have increased by approximately 50.5%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8712, with an annual lease decay rate of approximately 0.52%. 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 701 Hougang Avenue 2 worth?

The most recent resale transaction at Block 701 Hougang Avenue 2 was $560,000 for a 4 room flat in 2025-05. The median price per square metre across all flat types is $4,176, based on 31 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 701 Hougang Avenue 2?

Block 701 Hougang Avenue 2 was built in 1985 and has approximately 59 years and 7 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.52%, meaning the leasehold value decreases by approximately 0.52% per year at the current remaining lease.

What flat types are available at Block 701 Hougang Avenue 2?

Block 701 Hougang Avenue 2 in Hougang contains 3 room, 4 room flats. Resale prices range from $240,000 to $560,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 701 Hougang Avenue 2 gone up or down?

Resale prices at Block 701 Hougang Avenue 2 have increased by approximately 50.5% over the past five years. The current median price is $370,000, with the most recent sale at $560,000 in 2025-05.

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