Block 340 Hougang Avenue 7

3 Room · 4 Room · Built 1985 · 59 years remaining lease MOP Cleared
Latest Sale
$505,000
Jun 2024 · 4 ROOM · #01-03
Median $/sqm
$4,013
Based on 12 transactions
Total Transactions
12
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 59 years remaining 99 years
59 years 10 months
Remaining lease
↓ 0.51%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 59 years remaining, decay is gradual (~0.51%/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 2024 01 TO 03 4 ROOM 93 sqm $505,000 $5,430
Aug 2023 01 TO 03 3 ROOM 67 sqm $378,000 $5,642
Mar 2023 01 TO 03 4 ROOM 93 sqm $468,888 $5,042
Feb 2023 01 TO 03 3 ROOM 67 sqm $363,000 $5,418
Apr 2022 01 TO 03 3 ROOM 67 sqm $348,000 $5,194
Dec 2020 04 TO 06 4 ROOM 91 sqm $350,000 $3,846
Jan 2020 01 TO 03 3 ROOM 71 sqm $264,000 $3,718
Sep 2019 01 TO 03 3 ROOM 76 sqm $275,000 $3,618
Sep 2018 04 TO 06 4 ROOM 93 sqm $320,000 $3,441
May 2018 01 TO 03 3 ROOM 71 sqm $260,000 $3,662
Apr 2017 01 TO 03 3 ROOM 67 sqm $280,000 $4,179
Apr 2017 04 TO 06 4 ROOM 93 sqm $322,000 $3,462
Showing 12 of 12 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 340 Hougang Avenue 7

Block 340 at Hougang Avenue 7 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 $260,000 to $505,000 based on 12 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 01 TO 03 sold for $505,000 in 2024-06. The current median price per square metre is $4,013. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8723, with an annual lease decay rate of approximately 0.51%. 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 340 Hougang Avenue 7 worth?

The most recent resale transaction at Block 340 Hougang Avenue 7 was $505,000 for a 4 room flat in 2024-06. The median price per square metre across all flat types is $4,013, based on 12 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 340 Hougang Avenue 7?

Block 340 Hougang Avenue 7 was built in 1985 and has approximately 59 years and 10 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.51%, meaning the leasehold value decreases by approximately 0.51% per year at the current remaining lease.

What flat types are available at Block 340 Hougang Avenue 7?

Block 340 Hougang Avenue 7 in Hougang contains 3 room, 4 room flats. Resale prices range from $260,000 to $505,000 based on historical transaction records from data.gov.sg.

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