Block 245 Hougang Street 22

4 Room · 5 Room · Built 1984 · 59 years remaining lease MOP Cleared
Latest Sale
$695,000
May 2024 · 5 ROOM · #07-09
Median $/sqm
$3,756
Based on 16 transactions
Total Transactions
16
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 8 months
Remaining lease
↓ 0.52%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 59 years remaining, decay is gradual (~0.52%/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
May 2024 07 TO 09 5 ROOM 121 sqm $695,000 $5,744
Dec 2023 13 TO 15 5 ROOM 121 sqm $660,000 $5,455
Jun 2022 13 TO 15 5 ROOM 121 sqm $586,000 $4,843
Mar 2022 10 TO 12 5 ROOM 121 sqm $525,000 $4,339
May 2021 13 TO 15 5 ROOM 121 sqm $473,000 $3,909
Mar 2021 10 TO 12 5 ROOM 121 sqm $488,000 $4,033
Sep 2020 04 TO 06 5 ROOM 125 sqm $450,000 $3,600
Sep 2020 13 TO 15 5 ROOM 121 sqm $478,000 $3,950
Jun 2020 04 TO 06 5 ROOM 121 sqm $420,000 $3,471
Dec 2019 13 TO 15 4 ROOM 98 sqm $345,000 $3,520
Dec 2019 13 TO 15 5 ROOM 123 sqm $520,000 $4,228
Nov 2019 07 TO 09 5 ROOM 121 sqm $435,000 $3,595
Mar 2019 04 TO 06 5 ROOM 121 sqm $436,000 $3,603
Oct 2018 10 TO 12 5 ROOM 121 sqm $428,000 $3,537
Oct 2018 13 TO 15 5 ROOM 123 sqm $440,000 $3,577
May 2018 04 TO 06 5 ROOM 121 sqm $422,000 $3,488
Showing 16 of 16 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 245 Hougang Street 22

Block 245 at Hougang Street 22 is a residential HDB block in Hougang, Singapore, built in 1984 with approximately 59 years remaining on its 99-year lease. The block contains 4 room, 5 room flats, with resale prices ranging from $345,000 to $695,000 based on 16 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 07 TO 09 sold for $695,000 in 2024-05. The current median price per square metre is $3,756. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8716, with an annual lease decay rate of approximately 0.52%. 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 245 Hougang Street 22 worth?

The most recent resale transaction at Block 245 Hougang Street 22 was $695,000 for a 5 room flat in 2024-05. The median price per square metre across all flat types is $3,756, based on 16 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 245 Hougang Street 22?

Block 245 Hougang Street 22 was built in 1984 and has approximately 59 years and 8 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.52%, meaning the leasehold value decreases by approximately 0.52% per year at the current remaining lease.

What flat types are available at Block 245 Hougang Street 22?

Block 245 Hougang Street 22 in Hougang contains 4 room, 5 room flats. Resale prices range from $345,000 to $695,000 based on historical transaction records from data.gov.sg.

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