Block 638 Hougang Avenue 8

Executive · Built 1987 · 62 years remaining lease MOP Cleared

Latest Sale

$958,000

Nov 2024 · EXECUTIVE · #01-03

Median $/sqm

$5,498

Based on 4 transactions

Total Transactions

Since Jan 2017

5-Year Trend

Insufficient data

Price Trend

Source: HDB Resale Flat Prices, data.gov.sg. Updated monthly.

What's Your Unit Worth?

Storey Band

Flat Type

HDB records transactions in 3-storey bands (e.g. 01 TO 03). Pick the band closest to your floor.

Estimated Market Value

Future Value Projection

Estimated value in --

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 62 years remaining 99 years

62 years

Remaining lease

↓ 0.47%/yr

Annual lease decay (Bala's Table)

Based on Bala's Table (SLA leasehold relativity model). At 62 years remaining, decay is gradual (~0.47%/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
Nov 2024	01 TO 03	EXECUTIVE	153 sqm	$958,000	$6,261
Jan 2024	01 TO 03	EXECUTIVE	154 sqm	$870,000	$5,649
Apr 2023	01 TO 03	EXECUTIVE	153 sqm	$818,000	$5,346
Nov 2021	01 TO 03	EXECUTIVE	148 sqm	$720,000	$4,865

Showing 4 of 4 transactions

Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 638 Hougang Avenue 8

Block 638 at Hougang Avenue 8 is a residential HDB block in Hougang, Singapore, built in 1987 with approximately 62 years remaining on its 99-year lease. The block contains executive flats, with resale prices ranging from $720,000 to $958,000 based on 4 recorded transactions since January 2017. The most recent transaction was a executive flat on storeys 01 TO 03 sold for $958,000 in 2024-11. The current median price per square metre is $5,498. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8815, with an annual lease decay rate of approximately 0.47%. 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 638 Hougang Avenue 8 worth?

The most recent resale transaction at Block 638 Hougang Avenue 8 was $958,000 for a executive flat in 2024-11. The median price per square metre across all flat types is $5,498, based on 4 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 638 Hougang Avenue 8?

Block 638 Hougang Avenue 8 was built in 1987 and has approximately 62 years remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.47%, meaning the leasehold value decreases by approximately 0.47% per year at the current remaining lease.

What flat types are available at Block 638 Hougang Avenue 8?

Block 638 Hougang Avenue 8 in Hougang contains executive flats. Resale prices range from $720,000 to $958,000 based on historical transaction records from data.gov.sg.