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Block 647 Hougang Avenue 8

Executive · Built 1987 · 65 years remaining lease MOP Cleared
Latest Sale
$648,888
Jul 2020 · EXECUTIVE · Floor 01-03
Median $/sqm
$4,444
Based on 1 transactions
Total Transactions
1
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 17%
#100 / 579 Top 17%
Latest Sale ?
Top 44%
#255 / 579 Top 44%
Value ($/sqm) ?
Top 72%
#418 / 579 Top 72%
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
−0.41%/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 65 years remaining 99 years
65 years 9 months
Remaining lease
↓ 0.41%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 65 years remaining, decay is gradual (~0.41%/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
Jul 2020 01 TO 03 EXECUTIVE 146 sqm $648,888 $4,444
Showing 1 of 1 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 647 Hougang Avenue 8

Block 647 at Hougang Avenue 8 is a residential HDB block in Hougang, Singapore, built in 1987 with approximately 65 years remaining on its 99-year lease. The block contains executive flats, with resale prices ranging from $648,888 to $648,888 based on 1 recorded transactions since January 2017. The most recent transaction was a executive flat on storeys 01 TO 03 sold for $648,888 in 2020-07. The current median price per square metre is $4,444. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8958, with an annual lease decay rate of approximately 0.41%. 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 647 Hougang Avenue 8 worth?

The most recent resale transaction at Block 647 Hougang Avenue 8 was $648,888 for a executive flat in 2020-07. The median price per square metre across all flat types is $4,444, based on 1 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 647 Hougang Avenue 8?

Block 647 Hougang Avenue 8 was built in 1987 and has approximately 65 years and 9 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.41%, meaning the leasehold value decreases by approximately 0.41% per year at the current remaining lease.

What flat types are available at Block 647 Hougang Avenue 8?

Block 647 Hougang Avenue 8 in Hougang contains executive flats. Resale prices range from $648,888 to $648,888 based on historical transaction records from data.gov.sg.

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