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Block 623 Hougang Avenue 8

3 Room · Built 1985 · 58 years remaining lease · Updated Mar 2026 MOP Cleared

Block 623 Hougang Avenue 8 has 27 recorded HDB resale transactions since 2017. Latest sale: $375,000 (Mar 2026, 3 room, floors 01–03). Median $5,117/sqm. Prices up 40.7% over the past five years. Built 1985, 58 years lease remaining.

How this block compares

  • 3 Room$405,944
    −10.8%vs town(−$49k)−8.8%vs national(−$39k)

Median of resales in the 12 months to Jul 2026, compared with town and Singapore medians on the same basis. Flat types with fewer than two sales in the window are omitted.

Latest Sale
$375,000
Mar 2026 · 3 ROOM · Floor 01-03
Median $/sqm
$5,117
Based on 27 transactions
Total Transactions
27
Since Jan 2017
5-Year Trend
▲ +40.7%
Median price change
Median Price ?
Top 96%
#559 / 580 Top 96%
Latest Sale ?
Top 98%
#569 / 580 Top 98%
Value ($/sqm) ?
Top 34%
#197 / 580 Top 34%
5-Year Growth ?
Top 38%
#149 / 395 Top 38%
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
--
How we estimate this →
Future Value Projection
Market Appreciation
+7.1%/yr
vs
Lease Decay
−0.54%/yr
Growth assumption
Based on this block’s +40.7% growth over 5 years
Estimated value in --
--
Market appreciation --
Lease decay --
Net effect --
Projection uses Bala's Table (SLA leasehold model) for lease decay and your selected growth rate for appreciation. Lease decay is non-linear and accelerates as remaining lease shortens. Past growth does not guarantee future performance. Not financial advice.
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.
Rental & Yield

What this block rents for, and the gross rental yield (annual rent ÷ resale price). Figures are from rentals at this block where available.

Flat type Median rent /mo Gross yield Based on
3-Room $2,625 typically $2,000–$2,800 7.8% 10 rentals here
Gross yield is annual rent before maintenance, property tax, and vacancy, so net return is lower. Renting out a whole HDB flat requires meeting the 5-year Minimum Occupation Period and HDB approval. Rents are owner-declared to HDB and unverified.
Source: HDB Renting Out of Flats, data.gov.sg (Singapore Open Data Licence).
Primary schools nearby

This block is inside the 1 km Primary 1 priority zone for 5 popular schools. When a school is oversubscribed, MOE ballots by home–school distance, and homes within 1 km are drawn first.

Compare homes near all 50 popular schools
Distances are straight-line estimates from this block, indicative only. MOE measures from its own school reference point, so confirm the exact distance before relying on it.
Where this home sits, and its schools
5 schools in the 1 km top-priority zone
  • This home
  • School within 1 km
  • School 1–2 km
  • 1km ring, top priority
  • 2km ring, next tier

Straight-line distances, the basis MOE uses for Home–School Distance priority. Tap a school to open it. Map © OneMap, SLA.

Nearby comparable homes

Other HDB blocks closest to Block 623 Hougang Avenue 8 in Hougang, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.

See all HDB blocks in Hougang
Distances are straight-line estimates from this home, indicative only. Prices are medians of recorded resale transactions, not asking prices.
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 Hougang Avenue 8 is an ageing-lease HDB block in Hougang, built in 1985 with about 58 years left on its 99-year lease, so remaining lease is the dominant price factor here. Its median sits about 32% below the Hougang median, cheaper than about 96% of the town's blocks. It has a regular flow of resale activity, with 27 transactions since 2017 across 3 room flats priced from $228,000 to $488,000. The most recent transaction was a 3 room flat on storeys 01 TO 03 at $375,000 in Mar 2026, and the median works out to $5,117/sqm. Over five years, prices here are up about 40.7%. All transaction data is sourced from data.gov.sg and 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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