Block 324 Hougang Avenue 5

4 Room · Built 1983 · 57 years remaining lease MOP Cleared
Latest Sale
$595,000
Jun 2025 · 4 ROOM · #07-09
Median $/sqm
$4,856
Based on 19 transactions
Total Transactions
19
Since Jan 2017
5-Year Trend
▲ +45.9%
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
Remaining lease
↓ 0.57%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 57 years remaining, decay is gradual (~0.57%/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
Jun 2025 07 TO 09 4 ROOM 104 sqm $595,000 $5,721
Jan 2025 07 TO 09 4 ROOM 104 sqm $625,000 $6,010
Nov 2024 04 TO 06 4 ROOM 104 sqm $628,888 $6,047
May 2024 04 TO 06 4 ROOM 104 sqm $565,000 $5,433
Feb 2024 10 TO 12 4 ROOM 104 sqm $588,000 $5,654
Dec 2023 10 TO 12 4 ROOM 104 sqm $580,000 $5,577
May 2023 04 TO 06 4 ROOM 104 sqm $505,000 $4,856
May 2023 10 TO 12 4 ROOM 104 sqm $530,000 $5,096
Apr 2023 07 TO 09 4 ROOM 104 sqm $523,000 $5,029
Mar 2023 01 TO 03 4 ROOM 104 sqm $465,000 $4,471
Mar 2023 13 TO 15 4 ROOM 104 sqm $510,000 $4,904
Jun 2022 01 TO 03 4 ROOM 104 sqm $448,000 $4,308
Apr 2022 13 TO 15 4 ROOM 104 sqm $500,000 $4,808
Apr 2021 07 TO 09 4 ROOM 104 sqm $418,000 $4,019
Jun 2020 10 TO 12 4 ROOM 104 sqm $405,000 $3,894
Apr 2019 07 TO 09 4 ROOM 104 sqm $428,000 $4,115
Oct 2018 10 TO 12 4 ROOM 104 sqm $410,000 $3,942
May 2018 10 TO 12 4 ROOM 104 sqm $393,800 $3,787
Oct 2017 10 TO 12 4 ROOM 104 sqm $395,000 $3,798
Showing 19 of 19 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 324 Hougang Avenue 5

Block 324 at Hougang Avenue 5 is a residential HDB block in Hougang, Singapore, built in 1983 with approximately 57 years remaining on its 99-year lease. The block contains 4 room flats, with resale prices ranging from $393,800 to $628,888 based on 19 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 07 TO 09 sold for $595,000 in 2025-06. The current median price per square metre is $4,856. Over the past five years, resale prices at this block have increased by approximately 45.9%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8593, with an annual lease decay rate of approximately 0.57%. 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 324 Hougang Avenue 5 worth?

The most recent resale transaction at Block 324 Hougang Avenue 5 was $595,000 for a 4 room flat in 2025-06. The median price per square metre across all flat types is $4,856, based on 19 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 324 Hougang Avenue 5?

Block 324 Hougang Avenue 5 was built in 1983 and has approximately 57 years remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.57%, meaning the leasehold value decreases by approximately 0.57% per year at the current remaining lease.

What flat types are available at Block 324 Hougang Avenue 5?

Block 324 Hougang Avenue 5 in Hougang contains 4 room flats. Resale prices range from $393,800 to $628,888 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 324 Hougang Avenue 5 gone up or down?

Resale prices at Block 324 Hougang Avenue 5 have increased by approximately 45.9% over the past five years. The current median price is $505,000, with the most recent sale at $595,000 in 2025-06.

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