Block 7 Hougang Avenue 3

3 Room · Built 1975 · 50 years remaining lease MOP Cleared
Latest Sale
$350,000
Aug 2024 · 3 ROOM · #04-06
Median $/sqm
$4,746
Based on 3 transactions
Total Transactions
3
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 50 years remaining 99 years
50 years
Remaining lease
↓ 0.76%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 50 years remaining, decay is gradual (~0.76%/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
Aug 2024 04 TO 06 3 ROOM 59 sqm $350,000 $5,932
Jul 2018 01 TO 03 3 ROOM 71 sqm $258,000 $3,634
Aug 2017 04 TO 06 3 ROOM 59 sqm $280,000 $4,746
Showing 3 of 3 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 7 Hougang Avenue 3

Block 7 at Hougang Avenue 3 is a residential HDB block in Hougang, Singapore, built in 1975 with approximately 50 years remaining on its 99-year lease. The block contains 3 room flats, with resale prices ranging from $258,000 to $350,000 based on 3 recorded transactions since January 2017. The most recent transaction was a 3 room flat on storeys 04 TO 06 sold for $350,000 in 2024-08. The current median price per square metre is $4,746. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8209, with an annual lease decay rate of approximately 0.76%. 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 7 Hougang Avenue 3 worth?

The most recent resale transaction at Block 7 Hougang Avenue 3 was $350,000 for a 3 room flat in 2024-08. The median price per square metre across all flat types is $4,746, based on 3 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 7 Hougang Avenue 3?

Block 7 Hougang Avenue 3 was built in 1975 and has approximately 50 years remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.76%, meaning the leasehold value decreases by approximately 0.76% per year at the current remaining lease.

What flat types are available at Block 7 Hougang Avenue 3?

Block 7 Hougang Avenue 3 in Hougang contains 3 room flats. Resale prices range from $258,000 to $350,000 based on historical transaction records from data.gov.sg.

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