Block 550 Hougang Street 51

4 Room · Built 1992 · 67 years remaining lease MOP Cleared
Latest Sale
$618,888
Aug 2024 · 4 ROOM · #10-12
Median $/sqm
$3,793
Based on 18 transactions
Total Transactions
18
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 67 years remaining 99 years
67 years 2 months
Remaining lease
↓ 0.39%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 67 years remaining, decay is gradual (~0.39%/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
Aug 2024 10 TO 12 4 ROOM 103 sqm $618,888 $6,009
Aug 2024 01 TO 03 4 ROOM 111 sqm $650,000 $5,856
Mar 2024 10 TO 12 4 ROOM 103 sqm $633,000 $6,146
Jan 2024 10 TO 12 4 ROOM 106 sqm $625,000 $5,896
Jul 2023 13 TO 15 4 ROOM 106 sqm $568,000 $5,358
Feb 2023 01 TO 03 4 ROOM 103 sqm $510,000 $4,951
Jan 2023 13 TO 15 4 ROOM 111 sqm $576,500 $5,194
Dec 2020 04 TO 06 4 ROOM 111 sqm $422,000 $3,802
Sep 2020 04 TO 06 4 ROOM 106 sqm $385,000 $3,632
Jan 2020 04 TO 06 4 ROOM 106 sqm $350,000 $3,302
May 2019 01 TO 03 4 ROOM 111 sqm $375,000 $3,378
Oct 2018 10 TO 12 4 ROOM 103 sqm $402,000 $3,903
Jul 2018 04 TO 06 4 ROOM 103 sqm $358,000 $3,476
Jul 2018 01 TO 03 4 ROOM 111 sqm $380,000 $3,423
Jul 2018 10 TO 12 4 ROOM 111 sqm $420,000 $3,784
Apr 2018 04 TO 06 4 ROOM 105 sqm $380,000 $3,619
May 2017 01 TO 03 4 ROOM 103 sqm $353,000 $3,427
Mar 2017 07 TO 09 4 ROOM 111 sqm $410,000 $3,694
Showing 18 of 18 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 550 Hougang Street 51

Block 550 at Hougang Street 51 is a residential HDB block in Hougang, Singapore, built in 1992 with approximately 67 years remaining on its 99-year lease. The block contains 4 room flats, with resale prices ranging from $350,000 to $650,000 based on 18 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 10 TO 12 sold for $618,888 in 2024-08. The current median price per square metre is $3,793. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9008, with an annual lease decay rate of approximately 0.39%. 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 550 Hougang Street 51 worth?

The most recent resale transaction at Block 550 Hougang Street 51 was $618,888 for a 4 room flat in 2024-08. The median price per square metre across all flat types is $3,793, based on 18 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 550 Hougang Street 51?

Block 550 Hougang Street 51 was built in 1992 and has approximately 67 years and 2 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.39%, meaning the leasehold value decreases by approximately 0.39% per year at the current remaining lease.

What flat types are available at Block 550 Hougang Street 51?

Block 550 Hougang Street 51 in Hougang contains 4 room flats. Resale prices range from $350,000 to $650,000 based on historical transaction records from data.gov.sg.

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