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Block 622 Hougang Avenue 8

Executive · Built 1986 · 60 years remaining lease MOP Cleared
Latest Sale
$956,000
Oct 2024 · EXECUTIVE · Floor 01-03
Median $/sqm
$5,090
Based on 4 transactions
Total Transactions
4
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 6%
#35 / 579 Top 6%
Latest Sale ?
Top 7%
#42 / 579 Top 7%
Value ($/sqm) ?
Top 33%
#193 / 579 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
--
Future Value Projection
Market Appreciation
+3%/yr
vs
Lease Decay
−0.50%/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 60 years remaining 99 years
60 years 6 months
Remaining lease
↓ 0.50%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 60 years remaining, decay is gradual (~0.50%/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
Oct 2024 01 TO 03 EXECUTIVE 155 sqm $956,000 $6,168
Jan 2024 01 TO 03 EXECUTIVE 148 sqm $800,000 $5,405
Sep 2021 01 TO 03 EXECUTIVE 155 sqm $740,000 $4,774
Sep 2018 01 TO 03 EXECUTIVE 154 sqm $665,000 $4,318
Showing 4 of 4 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 622 Hougang Avenue 8

Block 622 at Hougang Avenue 8 is a residential HDB block in Hougang, Singapore, built in 1986 with approximately 60 years remaining on its 99-year lease. The block contains executive flats, with resale prices ranging from $665,000 to $956,000 based on 4 recorded transactions since January 2017. The most recent transaction was a executive flat on storeys 01 TO 03 sold for $956,000 in 2024-10. The current median price per square metre is $5,090. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8752, with an annual lease decay rate of approximately 0.50%. 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 622 Hougang Avenue 8 worth?

The most recent resale transaction at Block 622 Hougang Avenue 8 was $956,000 for a executive flat in 2024-10. The median price per square metre across all flat types is $5,090, based on 4 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 622 Hougang Avenue 8?

Block 622 Hougang Avenue 8 was built in 1986 and has approximately 60 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 0.50%, meaning the leasehold value decreases by approximately 0.50% per year at the current remaining lease.

What flat types are available at Block 622 Hougang Avenue 8?

Block 622 Hougang Avenue 8 in Hougang contains executive flats. Resale prices range from $665,000 to $956,000 based on historical transaction records from data.gov.sg.

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