HomeRentCondo Whole Unit1RMD19 - Hougang / Punggol / Sengkang1 Bed Condo for Rent in The Florence Residences

1 Bed Condo for Rent in The Florence Residences

97 Hougang Avenue 2 533753, Kovan, North-east Region, Singapore

$2,999 /month

Added 4 months ago
Beds: 1Baths: 1Area: 484 sqft
Market Price· Fairly priced
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IMAGES GALLERY

Property Details

Property ID5WAQMaVxSayygugfc4oPXX
PriceS$2,999
Property TypeCondo Whole Unit
StatusFor rent
Beds1
Baths1
Built Area484 sqft
PSF
S$7
Year Built2023
Furnished StatusPartially furnished

Description

Features & Amenities
Hydrotherapy pool
Hammocks
Library
Gym
Steam room
Pond
Yoga corner
Jacuzzi
Jogging track
Pavilion
Lap pool
Karaoke
Balcony

Location

97 Hougang Avenue 2 533753, Kovan, North-east Region, Singapore

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Total Transactions

338

Average Price

S1.3M

Total Value

S444.8M

Sales Timeline

Property Value Estimate

Estimated sale value based on 707 URA transactions · 9 outliers removed (IQR)

Fair Value

S$785,985

S$1,624 psf

Asking Price

S$2,999

S$7 psf

Listing Type

Rental

Sale value shown for reference

vs Last Done

Not applicable

Cannot compare rent to sale psf

Tenure

96 yrs

99-year Leasehold · Balance remaining

Confidence

High

707 comps

High = 10+ comps
Medium = 5–9 comps
Low = <5 comps

Nearest MRT

Kovan

765m away · +1% premium

URA PSF Trendline vs Listing Price

Hedonic Adjustment Breakdown

Base URA PSF

707 comparable transactions

S$1,763

Floor Premium

0.5% per floor vs median

+0.0%

Tenure Decay

Bala's curve (99yr leasehold)

×0.912

MRT Proximity

Within 500m / 1km

+1%

AI Condition Premium

HELIOS scan of listing description

0%

Adjusted Fair Value PSF

S$1,624

Recent Comparable Transactions

10 shown · 707 total
Last Done

HOUGANG AVENUE 2

Aug 2025 · Floor 11-15

S$1,773 psf

+9.2% vs FV

527 sqftS$935,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Aug 2025 · Floor 11-15

S$1,773 psf

+9.2% vs FV

527 sqftS$935,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Aug 2025 · Floor 06-10

S$1,964 psf

+20.9% vs FV

926 sqftS$1,818,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Aug 2025 · Floor 06-10

S$1,732 psf

+6.7% vs FV

635 sqftS$1,100,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Aug 2025 · Floor 06-10

S$1,655 psf

+1.9% vs FV

936 sqftS$1,550,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Jul 2025 · Floor 11-15

S$1,999 psf

+23.1% vs FV

990 sqftS$1,980,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Jul 2025 · Floor 11-15

S$1,981 psf

+22.0% vs FV

893 sqftS$1,770,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Jul 2025 · Floor 01-05

S$1,810 psf

+11.5% vs FV

667 sqftS$1,208,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Jul 2025 · Floor 16-20

S$1,952 psf

+20.2% vs FV

667 sqftS$1,302,88899 yrs lease commencing from 2018

HOUGANG AVENUE 2

Jul 2025 · Floor 11-15

S$1,755 psf

+8.1% vs FV

484 sqftS$850,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Jul 2025 · Floor 01-05

S$1,771 psf

+9.1% vs FV

635 sqftS$1,125,00099 yrs lease commencing from 2018
Below Fair Value
Above Fair Value
FV: S$1,624 psf

HELIOS AI Analysis

Based on 707 URA transactions (9 outliers removed), adjusted for: Tenure decay (8.8% discount); MRT Kovan 765m away (+1%)

⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.

Lynn Lim

Lynn Lim

PROPNEX REALTY PTE. LTD.

CEA: L3008022J

+65 9679 xxxx
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