Block 623 Hougang Avenue 8

3 Room · Built 1985 · 58 years remaining lease MOP Cleared
Latest Sale
$375,000
Mar 2026 · 3 ROOM · #01-03
Median $/sqm
$5,117
Based on 27 transactions
Total Transactions
27
Since Jan 2017
5-Year Trend
▲ +40.7%
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 58 years remaining 99 years
58 years 5 months
Remaining lease
↓ 0.54%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 58 years remaining, decay is gradual (~0.54%/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
Mar 2026 01 TO 03 3 ROOM 60 sqm $375,000 $6,250
Mar 2026 04 TO 06 3 ROOM 69 sqm $436,888 $6,332
Apr 2025 04 TO 06 3 ROOM 69 sqm $427,000 $6,188
Mar 2025 10 TO 12 3 ROOM 69 sqm $488,000 $7,072
Mar 2025 01 TO 03 3 ROOM 69 sqm $410,000 $5,942
Feb 2025 10 TO 12 3 ROOM 69 sqm $445,000 $6,449
Dec 2024 07 TO 09 3 ROOM 60 sqm $360,000 $6,000
Sep 2024 07 TO 09 3 ROOM 60 sqm $388,000 $6,467
Jan 2023 07 TO 09 3 ROOM 69 sqm $365,000 $5,290
Jan 2023 10 TO 12 3 ROOM 60 sqm $365,000 $6,083
Aug 2022 10 TO 12 3 ROOM 60 sqm $370,000 $6,167
Apr 2022 07 TO 09 3 ROOM 60 sqm $340,000 $5,667
Jan 2022 07 TO 09 3 ROOM 60 sqm $310,000 $5,167
Jan 2022 10 TO 12 3 ROOM 69 sqm $350,088 $5,074
Dec 2021 01 TO 03 3 ROOM 60 sqm $307,000 $5,117
Sep 2020 10 TO 12 3 ROOM 60 sqm $285,000 $4,750
Aug 2020 01 TO 03 3 ROOM 60 sqm $228,000 $3,800
Aug 2020 01 TO 03 3 ROOM 69 sqm $330,000 $4,783
Jan 2020 10 TO 12 3 ROOM 60 sqm $260,000 $4,333
Jul 2019 10 TO 12 3 ROOM 69 sqm $275,000 $3,986
Showing 20 of 27 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 623 Hougang Avenue 8

Block 623 at Hougang Avenue 8 is a residential HDB block in Hougang, Singapore, built in 1985 with approximately 58 years remaining on its 99-year lease. The block contains 3 room flats, with resale prices ranging from $228,000 to $488,000 based on 27 recorded transactions since January 2017. The most recent transaction was a 3 room flat on storeys 01 TO 03 sold for $375,000 in 2026-03. The current median price per square metre is $5,117. Over the past five years, resale prices at this block have increased by approximately 40.7%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8660, with an annual lease decay rate of approximately 0.54%. 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 623 Hougang Avenue 8 worth?

The most recent resale transaction at Block 623 Hougang Avenue 8 was $375,000 for a 3 room flat in 2026-03. The median price per square metre across all flat types is $5,117, based on 27 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 623 Hougang Avenue 8?

Block 623 Hougang Avenue 8 was built in 1985 and has approximately 58 years and 5 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.54%, meaning the leasehold value decreases by approximately 0.54% per year at the current remaining lease.

What flat types are available at Block 623 Hougang Avenue 8?

Block 623 Hougang Avenue 8 in Hougang contains 3 room flats. Resale prices range from $228,000 to $488,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 623 Hougang Avenue 8 gone up or down?

Resale prices at Block 623 Hougang Avenue 8 have increased by approximately 40.7% over the past five years. The current median price is $330,000, with the most recent sale at $375,000 in 2026-03.

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