Block 248 Hougang Avenue 3

3 Room · 4 Room · Built 1984 · 57 years remaining lease MOP Cleared
Latest Sale
$415,000
Nov 2025 · 3 ROOM · #04-06
Median $/sqm
$4,507
Based on 26 transactions
Total Transactions
26
Since Jan 2017
5-Year Trend
▲ +37.5%
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
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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 57 years remaining 99 years
57 years 11 months
Remaining lease
↓ 0.55%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 57 years remaining, decay is gradual (~0.55%/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
Nov 2025 04 TO 06 3 ROOM 67 sqm $415,000 $6,194
Jun 2025 07 TO 09 4 ROOM 93 sqm $560,000 $6,022
May 2025 04 TO 06 3 ROOM 67 sqm $425,000 $6,343
Oct 2024 01 TO 03 3 ROOM 71 sqm $420,000 $5,915
Jan 2024 01 TO 03 3 ROOM 72 sqm $358,000 $4,972
Jan 2024 04 TO 06 3 ROOM 67 sqm $395,000 $5,896
Jan 2024 04 TO 06 3 ROOM 67 sqm $402,500 $6,007
Nov 2023 04 TO 06 3 ROOM 67 sqm $385,000 $5,746
Oct 2023 04 TO 06 3 ROOM 67 sqm $390,000 $5,821
Aug 2023 10 TO 12 4 ROOM 93 sqm $485,000 $5,215
Oct 2022 01 TO 03 3 ROOM 67 sqm $352,000 $5,254
Jul 2021 07 TO 09 3 ROOM 67 sqm $312,000 $4,657
Apr 2021 10 TO 12 3 ROOM 67 sqm $306,000 $4,567
Dec 2020 04 TO 06 3 ROOM 67 sqm $280,000 $4,179
Aug 2020 01 TO 03 4 ROOM 95 sqm $315,000 $3,316
Jul 2020 01 TO 03 3 ROOM 72 sqm $290,000 $4,028
Jan 2020 07 TO 09 4 ROOM 93 sqm $365,000 $3,925
Sep 2019 10 TO 12 3 ROOM 67 sqm $298,000 $4,448
Mar 2019 04 TO 06 3 ROOM 67 sqm $260,000 $3,881
Nov 2018 01 TO 03 3 ROOM 71 sqm $237,000 $3,338
Showing 20 of 26 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 248 Hougang Avenue 3

Block 248 at Hougang Avenue 3 is a residential HDB block in Hougang, Singapore, built in 1984 with approximately 57 years remaining on its 99-year lease. The block contains 3 room, 4 room flats, with resale prices ranging from $237,000 to $560,000 based on 26 recorded transactions since January 2017. The most recent transaction was a 3 room flat on storeys 04 TO 06 sold for $415,000 in 2025-11. The current median price per square metre is $4,507. Over the past five years, resale prices at this block have increased by approximately 37.5%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8636, with an annual lease decay rate of approximately 0.55%. 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 248 Hougang Avenue 3 worth?

The most recent resale transaction at Block 248 Hougang Avenue 3 was $415,000 for a 3 room flat in 2025-11. The median price per square metre across all flat types is $4,507, based on 26 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 248 Hougang Avenue 3?

Block 248 Hougang Avenue 3 was built in 1984 and has approximately 57 years and 11 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.55%, meaning the leasehold value decreases by approximately 0.55% per year at the current remaining lease.

What flat types are available at Block 248 Hougang Avenue 3?

Block 248 Hougang Avenue 3 in Hougang contains 3 room, 4 room flats. Resale prices range from $237,000 to $560,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 248 Hougang Avenue 3 gone up or down?

Resale prices at Block 248 Hougang Avenue 3 have increased by approximately 37.5% over the past five years. The current median price is $358,000, with the most recent sale at $415,000 in 2025-11.

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