Block 232 Hougang Avenue 1

4 Room · Built 1984 · 58 years remaining lease MOP Cleared
Latest Sale
$500,000
May 2025 · 4 ROOM · #07-09
Median $/sqm
$5,048
Based on 20 transactions
Total Transactions
20
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 7 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
May 2025 07 TO 09 4 ROOM 104 sqm $500,000 $4,808
Apr 2025 10 TO 12 4 ROOM 104 sqm $705,000 $6,779
Feb 2025 01 TO 03 4 ROOM 104 sqm $618,000 $5,942
Jun 2024 07 TO 09 4 ROOM 104 sqm $600,000 $5,769
Jun 2024 07 TO 09 4 ROOM 111 sqm $668,000 $6,018
May 2024 13 TO 15 4 ROOM 104 sqm $650,000 $6,250
Apr 2024 07 TO 09 4 ROOM 104 sqm $575,000 $5,529
Aug 2023 01 TO 03 4 ROOM 104 sqm $530,000 $5,096
Jul 2023 13 TO 15 4 ROOM 104 sqm $590,000 $5,673
Feb 2023 01 TO 03 4 ROOM 104 sqm $460,000 $4,423
Jul 2022 13 TO 15 4 ROOM 104 sqm $570,000 $5,481
Dec 2020 10 TO 12 4 ROOM 104 sqm $500,000 $4,808
Dec 2020 04 TO 06 4 ROOM 104 sqm $440,000 $4,231
Jan 2020 04 TO 06 4 ROOM 104 sqm $450,000 $4,327
Dec 2019 13 TO 15 4 ROOM 104 sqm $490,000 $4,712
Feb 2019 04 TO 06 4 ROOM 104 sqm $480,000 $4,615
Aug 2018 01 TO 03 4 ROOM 110 sqm $403,000 $3,664
Aug 2018 07 TO 09 4 ROOM 104 sqm $520,000 $5,000
Mar 2018 07 TO 09 4 ROOM 104 sqm $518,000 $4,981
Mar 2018 10 TO 12 4 ROOM 104 sqm $538,000 $5,173
Showing 20 of 20 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 232 Hougang Avenue 1

Block 232 at Hougang Avenue 1 is a residential HDB block in Hougang, Singapore, built in 1984 with approximately 58 years remaining on its 99-year lease. The block contains 4 room flats, with resale prices ranging from $403,000 to $705,000 based on 20 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 07 TO 09 sold for $500,000 in 2025-05. The current median price per square metre is $5,048. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8667, 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 232 Hougang Avenue 1 worth?

The most recent resale transaction at Block 232 Hougang Avenue 1 was $500,000 for a 4 room flat in 2025-05. The median price per square metre across all flat types is $5,048, based on 20 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 232 Hougang Avenue 1?

Block 232 Hougang Avenue 1 was built in 1984 and has approximately 58 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 0.54%, meaning the leasehold value decreases by approximately 0.54% per year at the current remaining lease.

What flat types are available at Block 232 Hougang Avenue 1?

Block 232 Hougang Avenue 1 in Hougang contains 4 room flats. Resale prices range from $403,000 to $705,000 based on historical transaction records from data.gov.sg.

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