Block 701 Hougang Avenue 2

3 Room · 4 Room · Built 1985 · 59 years remaining lease MOP Cleared
Latest Sale
$560,000
May 2025 · 4 ROOM · #04-06
Median $/sqm
$4,176
Based on 31 transactions
Total Transactions
31
Since Jan 2017
5-Year Trend
▲ +51.4%
Median price change
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
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.
Track this unit's value Get notified when new sales happen in Block 701
You'll receive updates when new transactions are recorded for this block.
Lease Decay Projection
0 years 59 years remaining 99 years
59 years 7 months
Remaining lease
↓ 0.52%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 59 years remaining, decay is gradual (~0.52%/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 04 TO 06 4 ROOM 96 sqm $560,000 $5,833
Oct 2024 01 TO 03 4 ROOM 93 sqm $530,000 $5,699
Apr 2024 04 TO 06 4 ROOM 96 sqm $510,000 $5,313
Apr 2024 04 TO 06 4 ROOM 91 sqm $528,000 $5,802
Feb 2024 07 TO 09 3 ROOM 80 sqm $415,000 $5,188
Dec 2023 10 TO 12 4 ROOM 93 sqm $516,000 $5,548
Jul 2023 01 TO 03 4 ROOM 93 sqm $480,000 $5,161
May 2023 01 TO 03 4 ROOM 101 sqm $560,000 $5,545
Aug 2022 07 TO 09 4 ROOM 91 sqm $438,000 $4,813
Jul 2022 07 TO 09 3 ROOM 71 sqm $365,000 $5,141
Nov 2021 01 TO 03 4 ROOM 99 sqm $414,500 $4,187
Aug 2021 04 TO 06 4 ROOM 91 sqm $350,000 $3,846
Aug 2021 04 TO 06 4 ROOM 91 sqm $380,000 $4,176
Jul 2021 07 TO 09 3 ROOM 67 sqm $320,000 $4,776
Jul 2021 07 TO 09 4 ROOM 91 sqm $374,000 $4,110
Mar 2021 01 TO 03 4 ROOM 93 sqm $370,000 $3,978
Feb 2021 07 TO 09 4 ROOM 91 sqm $363,000 $3,989
Nov 2020 07 TO 09 4 ROOM 91 sqm $368,000 $4,044
Oct 2020 04 TO 06 4 ROOM 91 sqm $365,000 $4,011
Feb 2020 01 TO 03 4 ROOM 96 sqm $308,000 $3,208
Showing 20 of 31 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 701 Hougang Avenue 2

Block 701 at Hougang Avenue 2 is a residential HDB block in Hougang, Singapore, built in 1985 with approximately 59 years remaining on its 99-year lease. The block contains 3 room, 4 room flats, with resale prices ranging from $240,000 to $560,000 based on 31 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 04 TO 06 sold for $560,000 in 2025-05. The current median price per square metre is $4,176. Over the past five years, resale prices at this block have increased by approximately 51.4%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8712, with an annual lease decay rate of approximately 0.52%. 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 701 Hougang Avenue 2 worth?

The most recent resale transaction at Block 701 Hougang Avenue 2 was $560,000 for a 4 room flat in 2025-05. The median price per square metre across all flat types is $4,176, based on 31 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 701 Hougang Avenue 2?

Block 701 Hougang Avenue 2 was built in 1985 and has approximately 59 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 0.52%, meaning the leasehold value decreases by approximately 0.52% per year at the current remaining lease.

What flat types are available at Block 701 Hougang Avenue 2?

Block 701 Hougang Avenue 2 in Hougang contains 3 room, 4 room flats. Resale prices range from $240,000 to $560,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 701 Hougang Avenue 2 gone up or down?

Resale prices at Block 701 Hougang Avenue 2 have increased by approximately 51.4% over the past five years. The current median price is $370,000, with the most recent sale at $560,000 in 2025-05.

Link copied to clipboard