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Block 247 Hougang Avenue 3

3 Room · 4 Room · Built 1984 · 57 years remaining lease MOP Cleared
Latest Sale
$468,000
Aug 2025 · 3 ROOM · Floor 10-12
Median $/sqm
$5,194
Based on 20 transactions
Total Transactions
20
Since Jan 2017
5-Year Trend
▲ +54.5%
Median price change
Median Price ?
Top 85%
#495 / 579 Top 85%
Latest Sale ?
Top 83%
#481 / 579 Top 83%
Value ($/sqm) ?
Top 28%
#164 / 579 Top 28%
5-Year Growth ?
Top 6%
#22 / 380 Top 6%
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
+9.1%/yr
vs
Lease Decay
−0.55%/yr
Growth assumption
Based on this block’s +54.5% 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 57 years remaining 99 years
57 years 10 months
Remaining lease
↓ 0.55%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 57 years remaining, decay is gradual (~0.55%/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
Aug 2025 10 TO 12 3 ROOM 67 sqm $468,000 $6,985
Dec 2024 07 TO 09 3 ROOM 67 sqm $428,000 $6,388
Oct 2024 04 TO 06 3 ROOM 82 sqm $463,000 $5,646
Feb 2024 01 TO 03 3 ROOM 67 sqm $385,000 $5,746
Jan 2024 07 TO 09 3 ROOM 67 sqm $410,000 $6,119
Aug 2023 04 TO 06 3 ROOM 67 sqm $390,000 $5,821
Apr 2023 10 TO 12 3 ROOM 67 sqm $385,000 $5,746
Jan 2023 07 TO 09 3 ROOM 67 sqm $369,000 $5,507
Sep 2022 04 TO 06 3 ROOM 67 sqm $354,000 $5,284
Aug 2022 10 TO 12 3 ROOM 67 sqm $378,000 $5,642
Jan 2022 13 TO 15 3 ROOM 82 sqm $401,888 $4,901
Dec 2021 13 TO 15 3 ROOM 67 sqm $342,000 $5,104
Nov 2021 01 TO 03 3 ROOM 67 sqm $297,000 $4,433
Oct 2021 07 TO 09 4 ROOM 93 sqm $453,000 $4,871
Jun 2021 01 TO 03 3 ROOM 67 sqm $303,000 $4,522
Sep 2020 04 TO 06 3 ROOM 82 sqm $300,000 $3,659
Sep 2020 07 TO 09 3 ROOM 67 sqm $280,000 $4,179
Aug 2019 04 TO 06 3 ROOM 67 sqm $250,000 $3,731
Jul 2018 10 TO 12 3 ROOM 67 sqm $288,000 $4,299
Sep 2017 13 TO 15 3 ROOM 67 sqm $270,000 $4,030
Showing 20 of 20 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 247 Hougang Avenue 3

Block 247 at Hougang Avenue 3 is a residential HDB block in Hougang, Singapore, built in 1984 with approximately 57 years remaining on its 99-year lease. The block contains 3 room, 4 room flats, with resale prices ranging from $250,000 to $468,000 based on 20 recorded transactions since January 2017. The most recent transaction was a 3 room flat on storeys 10 TO 12 sold for $468,000 in 2025-08. The current median price per square metre is $5,194. Over the past five years, resale prices at this block have increased by approximately 54.5%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8632, with an annual lease decay rate of approximately 0.55%. 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 247 Hougang Avenue 3 worth?

The most recent resale transaction at Block 247 Hougang Avenue 3 was $468,000 for a 3 room flat in 2025-08. The median price per square metre across all flat types is $5,194, based on 20 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 247 Hougang Avenue 3?

Block 247 Hougang Avenue 3 was built in 1984 and has approximately 57 years and 10 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.55%, meaning the leasehold value decreases by approximately 0.55% per year at the current remaining lease.

What flat types are available at Block 247 Hougang Avenue 3?

Block 247 Hougang Avenue 3 in Hougang contains 3 room, 4 room flats. Resale prices range from $250,000 to $468,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 247 Hougang Avenue 3 gone up or down?

Resale prices at Block 247 Hougang Avenue 3 have increased by approximately 54.5% over the past five years. The current median price is $373,500, with the most recent sale at $468,000 in 2025-08.

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