Block 121 Hougang Avenue 1

3 Room · 4 Room · Built 1982 · 56 years remaining lease MOP Cleared

Latest Sale

$400,000

Dec 2024 · 3 ROOM · #04-06

Median $/sqm

$4,908

Based on 4 transactions

Total Transactions

Since Jan 2017

5-Year Trend

Insufficient data

Price Trend

Source: HDB Resale Flat Prices, data.gov.sg. Updated monthly.

What's Your Unit Worth?

Storey Band

Flat Type

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

Estimated value in --

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 56 years remaining 99 years

56 years 7 months

Remaining lease

↓ 0.58%/yr

Annual lease decay (Bala's Table)

Based on Bala's Table (SLA leasehold relativity model). At 56 years remaining, decay is gradual (~0.58%/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
Dec 2024	04 TO 06	3 ROOM	67 sqm	$400,000	$5,970
Feb 2024	01 TO 03	3 ROOM	67 sqm	$368,000	$5,493
Jan 2022	01 TO 03	4 ROOM	93 sqm	$402,000	$4,323
Sep 2018	04 TO 06	3 ROOM	67 sqm	$250,000	$3,731

Showing 4 of 4 transactions

Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 121 Hougang Avenue 1

Block 121 at Hougang Avenue 1 is a residential HDB block in Hougang, Singapore, built in 1982 with approximately 56 years remaining on its 99-year lease. The block contains 3 room, 4 room flats, with resale prices ranging from $250,000 to $402,000 based on 4 recorded transactions since January 2017. The most recent transaction was a 3 room flat on storeys 04 TO 06 sold for $400,000 in 2024-12. The current median price per square metre is $4,908. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8572, with an annual lease decay rate of approximately 0.58%. 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 121 Hougang Avenue 1 worth?

The most recent resale transaction at Block 121 Hougang Avenue 1 was $400,000 for a 3 room flat in 2024-12. The median price per square metre across all flat types is $4,908, based on 4 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 121 Hougang Avenue 1?

Block 121 Hougang Avenue 1 was built in 1982 and has approximately 56 years and 7 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.58%, meaning the leasehold value decreases by approximately 0.58% per year at the current remaining lease.

What flat types are available at Block 121 Hougang Avenue 1?

Block 121 Hougang Avenue 1 in Hougang contains 3 room, 4 room flats. Resale prices range from $250,000 to $402,000 based on historical transaction records from data.gov.sg.