Block 242 Hougang Street 22

3 Room · 4 Room · Built 1984 · 58 years remaining lease MOP Cleared
Latest Sale
$440,000
Feb 2025 · 3 ROOM · #07-09
Median $/sqm
$4,134
Based on 35 transactions
Total Transactions
35
Since Jan 2017
5-Year Trend
▲ +39.2%
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 9 months
Remaining lease
↓ 0.53%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 58 years remaining, decay is gradual (~0.53%/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
Feb 2025 07 TO 09 3 ROOM 71 sqm $440,000 $6,197
Aug 2024 04 TO 06 4 ROOM 93 sqm $503,000 $5,409
Aug 2024 10 TO 12 4 ROOM 92 sqm $560,000 $6,087
Mar 2024 07 TO 09 3 ROOM 67 sqm $368,888 $5,506
Jul 2023 04 TO 06 4 ROOM 92 sqm $460,000 $5,000
Jan 2023 01 TO 03 3 ROOM 72 sqm $340,000 $4,722
Dec 2022 07 TO 09 3 ROOM 71 sqm $380,000 $5,352
Dec 2022 10 TO 12 4 ROOM 92 sqm $455,000 $4,946
Sep 2022 07 TO 09 3 ROOM 71 sqm $330,000 $4,648
Jul 2022 10 TO 12 3 ROOM 67 sqm $395,000 $5,896
Feb 2022 01 TO 03 3 ROOM 72 sqm $310,000 $4,306
Feb 2022 10 TO 12 3 ROOM 67 sqm $315,888 $4,715
Jan 2022 10 TO 12 3 ROOM 67 sqm $350,000 $5,224
Dec 2021 07 TO 09 3 ROOM 67 sqm $325,000 $4,851
Aug 2021 04 TO 06 3 ROOM 67 sqm $316,000 $4,716
May 2021 10 TO 12 3 ROOM 67 sqm $308,000 $4,597
Apr 2021 01 TO 03 4 ROOM 96 sqm $388,000 $4,042
Mar 2021 01 TO 03 4 ROOM 96 sqm $350,000 $3,646
Feb 2021 01 TO 03 3 ROOM 67 sqm $273,000 $4,075
Feb 2021 01 TO 03 3 ROOM 67 sqm $277,000 $4,134
Showing 20 of 35 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 242 Hougang Street 22

Block 242 at Hougang Street 22 is a residential HDB block in Hougang, Singapore, built in 1984 with approximately 58 years remaining on its 99-year lease. The block contains 3 room, 4 room flats, with resale prices ranging from $258,000 to $560,000 based on 35 recorded transactions since January 2017. The most recent transaction was a 3 room flat on storeys 07 TO 09 sold for $440,000 in 2025-02. The current median price per square metre is $4,134. Over the past five years, resale prices at this block have increased by approximately 39.2%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8675, with an annual lease decay rate of approximately 0.53%. 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 242 Hougang Street 22 worth?

The most recent resale transaction at Block 242 Hougang Street 22 was $440,000 for a 3 room flat in 2025-02. The median price per square metre across all flat types is $4,134, based on 35 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 242 Hougang Street 22?

Block 242 Hougang Street 22 was built in 1984 and has approximately 58 years and 9 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.53%, meaning the leasehold value decreases by approximately 0.53% per year at the current remaining lease.

What flat types are available at Block 242 Hougang Street 22?

Block 242 Hougang Street 22 in Hougang contains 3 room, 4 room flats. Resale prices range from $258,000 to $560,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 242 Hougang Street 22 gone up or down?

Resale prices at Block 242 Hougang Street 22 have increased by approximately 39.2% over the past five years. The current median price is $340,000, with the most recent sale at $440,000 in 2025-02.

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