Block 120 Hougang Avenue 1

3 Room · 5 Room · Built 1983 · 58 years remaining lease MOP Cleared
Latest Sale
$780,000
Oct 2023 · 5 ROOM · #01-03
Median $/sqm
$5,296
Based on 6 transactions
Total Transactions
6
Since Jan 2017
5-Year Trend
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Insufficient data
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
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Future Value Projection
Estimated value in --
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Based on Bala's Table (SLA leasehold valuation model) with 3% annual market appreciation. Lease decay is non-linear and accelerates as remaining lease shortens. Not financial advice.
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Lease Decay Projection
0 years 58 years remaining 99 years
58 years 6 months
Remaining lease
↓ 0.54%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 58 years remaining, decay is gradual (~0.54%/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 2023 01 TO 03 5 ROOM 137 sqm $780,000 $5,693
May 2023 01 TO 03 5 ROOM 137 sqm $850,000 $6,204
Aug 2022 01 TO 03 5 ROOM 137 sqm $730,000 $5,328
Dec 2020 01 TO 03 5 ROOM 133 sqm $680,000 $5,113
Sep 2020 04 TO 06 3 ROOM 67 sqm $286,500 $4,276
May 2017 01 TO 03 5 ROOM 133 sqm $700,000 $5,263
Showing 6 of 6 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 120 Hougang Avenue 1

Block 120 at Hougang Avenue 1 is a residential HDB block in Hougang, Singapore, built in 1983 with approximately 58 years remaining on its 99-year lease. The block contains 3 room, 5 room flats, with resale prices ranging from $286,500 to $850,000 based on 6 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 01 TO 03 sold for $780,000 in 2023-10. The current median price per square metre is $5,296. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8663, with an annual lease decay rate of approximately 0.54%. 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 120 Hougang Avenue 1 worth?

The most recent resale transaction at Block 120 Hougang Avenue 1 was $780,000 for a 5 room flat in 2023-10. The median price per square metre across all flat types is $5,296, based on 6 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 120 Hougang Avenue 1?

Block 120 Hougang Avenue 1 was built in 1983 and has approximately 58 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 0.54%, meaning the leasehold value decreases by approximately 0.54% per year at the current remaining lease.

What flat types are available at Block 120 Hougang Avenue 1?

Block 120 Hougang Avenue 1 in Hougang contains 3 room, 5 room flats. Resale prices range from $286,500 to $850,000 based on historical transaction records from data.gov.sg.

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