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Block 651 Hougang Avenue 8

Executive · Built 1987 · 63 years remaining lease MOP Cleared
Latest Sale
$735,000
Jun 2022 · EXECUTIVE · Floor 01-03
Median $/sqm
$4,418
Based on 5 transactions
Total Transactions
5
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 18%
#104 / 579 Top 18%
Latest Sale ?
Top 27%
#157 / 579 Top 27%
Value ($/sqm) ?
Top 74%
#426 / 579 Top 74%
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
−0.44%/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 63 years remaining 99 years
63 years 9 months
Remaining lease
↓ 0.44%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 63 years remaining, decay is gradual (~0.44%/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
Jun 2022 01 TO 03 EXECUTIVE 146 sqm $735,000 $5,034
Jan 2022 01 TO 03 EXECUTIVE 151 sqm $730,000 $4,834
Jan 2021 01 TO 03 EXECUTIVE 146 sqm $645,000 $4,418
Apr 2019 01 TO 03 EXECUTIVE 151 sqm $641,000 $4,245
Jul 2018 01 TO 03 EXECUTIVE 146 sqm $635,000 $4,349
Showing 5 of 5 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 651 Hougang Avenue 8

Block 651 at Hougang Avenue 8 is a residential HDB block in Hougang, Singapore, built in 1987 with approximately 63 years remaining on its 99-year lease. The block contains executive flats, with resale prices ranging from $635,000 to $735,000 based on 5 recorded transactions since January 2017. The most recent transaction was a executive flat on storeys 01 TO 03 sold for $735,000 in 2022-06. The current median price per square metre is $4,418. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8884, with an annual lease decay rate of approximately 0.44%. 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 651 Hougang Avenue 8 worth?

The most recent resale transaction at Block 651 Hougang Avenue 8 was $735,000 for a executive flat in 2022-06. The median price per square metre across all flat types is $4,418, based on 5 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 651 Hougang Avenue 8?

Block 651 Hougang Avenue 8 was built in 1987 and has approximately 63 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 0.44%, meaning the leasehold value decreases by approximately 0.44% per year at the current remaining lease.

What flat types are available at Block 651 Hougang Avenue 8?

Block 651 Hougang Avenue 8 in Hougang contains executive flats. Resale prices range from $635,000 to $735,000 based on historical transaction records from data.gov.sg.

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