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Block 438 Hougang Avenue 8

4 Room · Built 1990 · 66 years remaining lease MOP Cleared
Latest Sale
$500,000
Dec 2022 · 4 ROOM · Floor 01-03
Median $/sqm
$3,879
Based on 3 transactions
Total Transactions
3
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 61%
#354 / 579 Top 61%
Latest Sale ?
Top 79%
#460 / 579 Top 79%
Value ($/sqm) ?
Top 98%
#569 / 579 Top 98%
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
−0.40%/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 66 years remaining 99 years
66 years 6 months
Remaining lease
↓ 0.40%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 66 years remaining, decay is gradual (~0.40%/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
Dec 2022 01 TO 03 4 ROOM 105 sqm $500,000 $4,762
Feb 2022 01 TO 03 4 ROOM 116 sqm $450,000 $3,879
Jul 2019 01 TO 03 4 ROOM 105 sqm $350,000 $3,333
Showing 3 of 3 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 438 Hougang Avenue 8

Block 438 at Hougang Avenue 8 is a residential HDB block in Hougang, Singapore, built in 1990 with approximately 66 years remaining on its 99-year lease. The block contains 4 room flats, with resale prices ranging from $350,000 to $500,000 based on 3 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 01 TO 03 sold for $500,000 in 2022-12. The current median price per square metre is $3,879. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8985, with an annual lease decay rate of approximately 0.40%. 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 438 Hougang Avenue 8 worth?

The most recent resale transaction at Block 438 Hougang Avenue 8 was $500,000 for a 4 room flat in 2022-12. The median price per square metre across all flat types is $3,879, based on 3 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 438 Hougang Avenue 8?

Block 438 Hougang Avenue 8 was built in 1990 and has approximately 66 years and 6 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.40%, meaning the leasehold value decreases by approximately 0.40% per year at the current remaining lease.

What flat types are available at Block 438 Hougang Avenue 8?

Block 438 Hougang Avenue 8 in Hougang contains 4 room flats. Resale prices range from $350,000 to $500,000 based on historical transaction records from data.gov.sg.

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