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Block 23 Hougang Avenue 3

3 Room · 4 Room · Executive · Built 1978 · 51 years remaining lease · Updated Feb 2026 MOP Cleared

Block 23 Hougang Avenue 3 has 34 recorded HDB resale transactions since 2017. Latest sale: $450,000 (Feb 2026, 3 room, floors 10–12). Median $4,336/sqm. Built 1978, 51 years lease remaining.

Latest Sale
$450,000
Feb 2026 · 3 ROOM · Floor 10-12
Median $/sqm
$4,336
Based on 34 transactions
Total Transactions
34
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 95%
#550 / 580 Top 95%
Latest Sale ?
Top 86%
#499 / 580 Top 86%
Value ($/sqm) ?
Top 80%
#465 / 580 Top 80%
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%/yr
vs
Lease Decay
−0.72%/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 51 years remaining 99 years
51 years 4 months
Remaining lease
↓ 0.72%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 51 years remaining, decay is gradual (~0.72%/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
3-Room $2,275 typically $2,000–$2,600 6.4% 14 rentals here
4-Room $3,200 typically $3,000–$3,500 6.1% Hougang avg · block too thin
Executive $3,650 typically $3,300–$4,000 4.5% Hougang avg · block too thin
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.
All Transactions
Date Floor Type Area Price $/sqm
Feb 2026 10 TO 12 3 ROOM 88 sqm $450,000 $5,114
Feb 2026 10 TO 12 3 ROOM 73 sqm $430,000 $5,890
Dec 2025 01 TO 03 3 ROOM 73 sqm $418,000 $5,726
Aug 2025 10 TO 12 3 ROOM 73 sqm $430,000 $5,890
Aug 2025 01 TO 03 3 ROOM 73 sqm $415,000 $5,685
Jun 2025 01 TO 03 3 ROOM 73 sqm $410,000 $5,616
Apr 2025 07 TO 09 3 ROOM 73 sqm $420,000 $5,753
Nov 2023 01 TO 03 3 ROOM 73 sqm $369,000 $5,055
Jul 2023 07 TO 09 3 ROOM 73 sqm $405,000 $5,548
Jul 2023 07 TO 09 4 ROOM 98 sqm $440,888 $4,499
Feb 2023 10 TO 12 3 ROOM 73 sqm $368,888 $5,053
Nov 2022 01 TO 03 3 ROOM 73 sqm $360,000 $4,932
Aug 2022 01 TO 03 3 ROOM 73 sqm $333,888 $4,574
Jul 2022 04 TO 06 3 ROOM 73 sqm $360,000 $4,932
May 2022 04 TO 06 3 ROOM 73 sqm $350,000 $4,795
Jan 2022 01 TO 03 4 ROOM 98 sqm $400,000 $4,082
Dec 2020 10 TO 12 3 ROOM 73 sqm $308,000 $4,219
Dec 2020 04 TO 06 3 ROOM 73 sqm $265,000 $3,630
Oct 2020 07 TO 09 3 ROOM 73 sqm $283,000 $3,877
Jun 2020 10 TO 12 EXECUTIVE 174 sqm $628,000 $3,609
Showing 20 of 34 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 23 Hougang Avenue 3

Block 23 at Hougang Avenue 3 is a residential HDB block in Hougang, Singapore, built in 1978 with approximately 51 years remaining on its 99-year lease. The block contains 3 room, 4 room, executive flats, with resale prices ranging from $255,000 to $628,000 based on 34 recorded transactions since January 2017. The most recent transaction was a 3 room flat on storeys 10 TO 12 sold for $450,000 in 2026-02. The current median price per square metre is $4,336. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8290, with an annual lease decay rate of approximately 0.72%. 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 23 Hougang Avenue 3 worth?

The most recent resale transaction at Block 23 Hougang Avenue 3 was $450,000 for a 3 room flat in 2026-02. The median price per square metre across all flat types is $4,336, based on 34 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 23 Hougang Avenue 3?

Block 23 Hougang Avenue 3 was built in 1978 and has approximately 51 years and 4 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.72%, meaning the leasehold value decreases by approximately 0.72% per year at the current remaining lease.

What flat types are available at Block 23 Hougang Avenue 3?

Block 23 Hougang Avenue 3 in Hougang contains 3 room, 4 room, executive flats. Resale prices range from $255,000 to $628,000 based on historical transaction records from data.gov.sg.

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