Skip to content

Block 638 Hougang Avenue 8

Executive · Built 1987 · 62 years remaining lease MOP Cleared
Latest Sale
$958,000
Nov 2024 · EXECUTIVE · Floor 01-03
Median $/sqm
$5,498
Based on 4 transactions
Total Transactions
4
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 2%
#11 / 579 Top 2%
Latest Sale ?
Top 7%
#41 / 579 Top 7%
Value ($/sqm) ?
Top 19%
#112 / 579 Top 19%
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
−0.47%/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 62 years remaining 99 years
62 years
Remaining lease
↓ 0.47%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 62 years remaining, decay is gradual (~0.47%/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
Nov 2024 01 TO 03 EXECUTIVE 153 sqm $958,000 $6,261
Jan 2024 01 TO 03 EXECUTIVE 154 sqm $870,000 $5,649
Apr 2023 01 TO 03 EXECUTIVE 153 sqm $818,000 $5,346
Nov 2021 01 TO 03 EXECUTIVE 148 sqm $720,000 $4,865
Showing 4 of 4 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 638 Hougang Avenue 8

Block 638 at Hougang Avenue 8 is a residential HDB block in Hougang, Singapore, built in 1987 with approximately 62 years remaining on its 99-year lease. The block contains executive flats, with resale prices ranging from $720,000 to $958,000 based on 4 recorded transactions since January 2017. The most recent transaction was a executive flat on storeys 01 TO 03 sold for $958,000 in 2024-11. The current median price per square metre is $5,498. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8815, with an annual lease decay rate of approximately 0.47%. 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 638 Hougang Avenue 8 worth?

The most recent resale transaction at Block 638 Hougang Avenue 8 was $958,000 for a executive flat in 2024-11. The median price per square metre across all flat types is $5,498, based on 4 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 638 Hougang Avenue 8?

Block 638 Hougang Avenue 8 was built in 1987 and has approximately 62 years remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.47%, meaning the leasehold value decreases by approximately 0.47% per year at the current remaining lease.

What flat types are available at Block 638 Hougang Avenue 8?

Block 638 Hougang Avenue 8 in Hougang contains executive flats. Resale prices range from $720,000 to $958,000 based on historical transaction records from data.gov.sg.

Link copied to clipboard