85 Hougang Avenue 2 538861, Kovan, North-east Region, Singapore
$1,050,000
Buy into high rental yield + potential upside from upcoming nearby new launch - Layout & Unit Highlights - Efficient and practical 1-bedroom layout - Bright and well-maintained condition - Excellent investment choice with stable existing tenancy - Currently tenanted until 31 Dec 2026 at one of the highest rental rates for this unit type Contact 8831 XXXX to arrange viewing (appointment required). Why This Unit is a Strong Investment - Long, secure tenancy locked in - Immediate rental income from Day 1 - Rare opportunity to acquire a unit with proven high rental performance Location - Approx. 8 min walk to Hougang MRT (NEL and upcoming Cross Island Line) - 1 stop to Kovan Heartland Mall, 2 stops to Serangoon NEX Interchange - Surrounded by amenities: coffee shops, supermarkets, wet market, eateries Welcome buyers and cobroke agents. Text or call 8831 XXXX to secure this high-yield 1-bed investment unit at The Florence Residences today.
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Total Transactions
338
Average Price
S1.3M
Total Value
S444.8M
Calculating fair value from URA transaction data…

License: L3008899K
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Automated Valuation based on 760 URA transactions · 10 outliers removed (IQR)
Fair Value
S$887,652
S$1,684 psf
Asking Price
S$1.05M
S$1,992 psf
vs Market
+18.3%
vs Last Done
+12.4%
Tenure
97 yrs
99-year Leasehold · Balance remaining
Confidence
High
760 comps
Nearest MRT
Kovan
765m away · +1% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
760 comparable transactions
S$1,761
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.941
MRT Proximity
Within 500m / 1km
+1%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$1,684
Recent Comparable Transactions
10 shown · 760 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneAug 2025 | HOUGANG AVENUE 2 Floor 11-15 | 527sqft | S$935,000 | ▲S$1,773 +5.3% vs FV | 99 yrs lease commencing from 2018 |
Aug 2025 | HOUGANG AVENUE 2 Floor 11-15 | 527sqft | S$935,000 | ▲S$1,773 +5.3% vs FV | 99 yrs lease commencing from 2018 |
Aug 2025 | HOUGANG AVENUE 2 Floor 06-10 | 926sqft | S$1,818,000 | ▲S$1,964 +16.6% vs FV | 99 yrs lease commencing from 2018 |
Aug 2025 | HOUGANG AVENUE 2 Floor 06-10 | 635sqft | S$1,100,000 | ▲S$1,732 +2.9% vs FV | 99 yrs lease commencing from 2018 |
Aug 2025 | HOUGANG AVENUE 2 Floor 06-10 | 936sqft | S$1,550,000 | ▼S$1,655 -1.7% vs FV | 99 yrs lease commencing from 2018 |
Jul 2025 | HOUGANG AVENUE 2 Floor 11-15 | 990sqft | S$1,980,000 | ▲S$1,999 +18.7% vs FV | 99 yrs lease commencing from 2018 |
Jul 2025 | HOUGANG AVENUE 2 Floor 11-15 | 893sqft | S$1,770,000 | ▲S$1,981 +17.6% vs FV | 99 yrs lease commencing from 2018 |
Jul 2025 | HOUGANG AVENUE 2 Floor 01-05 | 667sqft | S$1,208,000 | ▲S$1,810 +7.5% vs FV | 99 yrs lease commencing from 2018 |
Jul 2025 | HOUGANG AVENUE 2 Floor 16-20 | 667sqft | S$1,302,888 | ▲S$1,952 +15.9% vs FV | 99 yrs lease commencing from 2018 |
Jul 2025 | HOUGANG AVENUE 2 Floor 11-15 | 484sqft | S$850,000 | ▲S$1,755 +4.2% vs FV | 99 yrs lease commencing from 2018 |
Jul 2025 | HOUGANG AVENUE 2 Floor 01-05 | 635sqft | S$1,125,000 | ▲S$1,771 +5.2% vs FV | 99 yrs lease commencing from 2018 |
HOUGANG AVENUE 2
Aug 2025 · Floor 11-15
+5.3% vs FV
HOUGANG AVENUE 2
Aug 2025 · Floor 11-15
+5.3% vs FV
HOUGANG AVENUE 2
Aug 2025 · Floor 06-10
+16.6% vs FV
HOUGANG AVENUE 2
Aug 2025 · Floor 06-10
+2.9% vs FV
HOUGANG AVENUE 2
Aug 2025 · Floor 06-10
-1.7% vs FV
HOUGANG AVENUE 2
Jul 2025 · Floor 11-15
+18.7% vs FV
HOUGANG AVENUE 2
Jul 2025 · Floor 11-15
+17.6% vs FV
HOUGANG AVENUE 2
Jul 2025 · Floor 01-05
+7.5% vs FV
HOUGANG AVENUE 2
Jul 2025 · Floor 16-20
+15.9% vs FV
HOUGANG AVENUE 2
Jul 2025 · Floor 11-15
+4.2% vs FV
HOUGANG AVENUE 2
Jul 2025 · Floor 01-05
+5.2% vs FV
HELIOS AI Analysis
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.