Block 556 Hougang Street 51

4 Room · Built 1992 · 67 years remaining lease MOP Cleared
Latest Sale
$575,000
Apr 2024 · 4 ROOM · #07-09
Median $/sqm
$3,811
Based on 14 transactions
Total Transactions
14
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 6 months
Remaining lease
↓ 0.38%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 67 years remaining, decay is gradual (~0.38%/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
Apr 2024 07 TO 09 4 ROOM 103 sqm $575,000 $5,583
Apr 2024 07 TO 09 4 ROOM 103 sqm $595,000 $5,777
Sep 2022 07 TO 09 4 ROOM 103 sqm $480,000 $4,660
May 2022 07 TO 09 4 ROOM 102 sqm $520,000 $5,098
Mar 2022 04 TO 06 4 ROOM 103 sqm $445,000 $4,320
Apr 2021 01 TO 03 4 ROOM 103 sqm $396,000 $3,845
Feb 2021 07 TO 09 4 ROOM 103 sqm $395,000 $3,835
Apr 2020 04 TO 06 4 ROOM 103 sqm $355,000 $3,447
Jun 2019 07 TO 09 4 ROOM 106 sqm $385,000 $3,632
Apr 2019 01 TO 03 4 ROOM 103 sqm $355,000 $3,447
Mar 2019 07 TO 09 4 ROOM 103 sqm $370,000 $3,592
Oct 2018 01 TO 03 4 ROOM 103 sqm $343,000 $3,330
Jun 2018 01 TO 03 4 ROOM 103 sqm $354,000 $3,437
Apr 2017 07 TO 09 4 ROOM 103 sqm $390,000 $3,786
Showing 14 of 14 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 556 Hougang Street 51

Block 556 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 $343,000 to $595,000 based on 14 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 07 TO 09 sold for $575,000 in 2024-04. The current median price per square metre is $3,811. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9019, with an annual lease decay rate of approximately 0.38%. 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 556 Hougang Street 51 worth?

The most recent resale transaction at Block 556 Hougang Street 51 was $575,000 for a 4 room flat in 2024-04. The median price per square metre across all flat types is $3,811, based on 14 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 556 Hougang Street 51?

Block 556 Hougang Street 51 was built in 1992 and has approximately 67 years and 6 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.38%, meaning the leasehold value decreases by approximately 0.38% per year at the current remaining lease.

What flat types are available at Block 556 Hougang Street 51?

Block 556 Hougang Street 51 in Hougang contains 4 room flats. Resale prices range from $343,000 to $595,000 based on historical transaction records from data.gov.sg.

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