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D19 - Hougang
Kovan MRT
30 March 2024
Large (1410 units)
1410 units
10 Blocks, 18 Floors
Florence Development Pte. Ltd. (Logan Property (Singapore) Company Pte. Limited)
The Florence Residences has a total of 1410 units, from 1 Bed - 1 Bath to 5 Bed - 4 Bath units. There are 116 types of floor plans from 474 sqft to 1,916 sqft.
The Florence Residences has 10 blocks and up to 18 storeys.
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Total Transactions
338
Average Price
S1.3M
Total Value
S444.8M
Calculating fair value from URA transaction data…


License: L3008022J
Automated Valuation based on 782 URA transactions · 10 outliers removed (IQR)
Fair Value
S$841,389
S$1,738 psf
Asking Price
S$849,000
S$1,754 psf
vs Market
+0.9%
vs Last Done
-1.1%
Tenure
97 yrs
99-year Leasehold · Balance remaining
Confidence
High
782 comps
Nearest MRT
Kovan
765m away · +1% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
782 comparable transactions
S$1,759
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
+4%
Adjusted Fair Value PSF
S$1,738
Recent Comparable Transactions
10 shown · 782 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneAug 2025 | HOUGANG AVENUE 2 Floor 11-15 | 527sqft | S$935,000 | ▲S$1,773 +2.0% vs FV | 99 yrs lease commencing from 2018 |
Aug 2025 | HOUGANG AVENUE 2 Floor 11-15 | 527sqft | S$935,000 | ▲S$1,773 +2.0% vs FV | 99 yrs lease commencing from 2018 |
Aug 2025 | HOUGANG AVENUE 2 Floor 06-10 | 926sqft | S$1,818,000 | ▲S$1,964 +13.0% vs FV | 99 yrs lease commencing from 2018 |
Aug 2025 | HOUGANG AVENUE 2 Floor 06-10 | 635sqft | S$1,100,000 | ▼S$1,732 -0.3% vs FV | 99 yrs lease commencing from 2018 |
Aug 2025 | HOUGANG AVENUE 2 Floor 06-10 | 936sqft | S$1,550,000 | ▼S$1,655 -4.8% vs FV | 99 yrs lease commencing from 2018 |
Jul 2025 | HOUGANG AVENUE 2 Floor 11-15 | 990sqft | S$1,980,000 | ▲S$1,999 +15.0% vs FV | 99 yrs lease commencing from 2018 |
Jul 2025 | HOUGANG AVENUE 2 Floor 11-15 | 893sqft | S$1,770,000 | ▲S$1,981 +14.0% vs FV | 99 yrs lease commencing from 2018 |
Jul 2025 | HOUGANG AVENUE 2 Floor 01-05 | 667sqft | S$1,208,000 | ▲S$1,810 +4.1% vs FV | 99 yrs lease commencing from 2018 |
Jul 2025 | HOUGANG AVENUE 2 Floor 16-20 | 667sqft | S$1,302,888 | ▲S$1,952 +12.3% vs FV | 99 yrs lease commencing from 2018 |
Jul 2025 | HOUGANG AVENUE 2 Floor 11-15 | 484sqft | S$850,000 | ▲S$1,755 +1.0% vs FV | 99 yrs lease commencing from 2018 |
Jul 2025 | HOUGANG AVENUE 2 Floor 01-05 | 635sqft | S$1,125,000 | ▲S$1,771 +1.9% vs FV | 99 yrs lease commencing from 2018 |
HOUGANG AVENUE 2
Aug 2025 · Floor 11-15
+2.0% vs FV
HOUGANG AVENUE 2
Aug 2025 · Floor 11-15
+2.0% vs FV
HOUGANG AVENUE 2
Aug 2025 · Floor 06-10
+13.0% vs FV
HOUGANG AVENUE 2
Aug 2025 · Floor 06-10
-0.3% vs FV
HOUGANG AVENUE 2
Aug 2025 · Floor 06-10
-4.8% vs FV
HOUGANG AVENUE 2
Jul 2025 · Floor 11-15
+15.0% vs FV
HOUGANG AVENUE 2
Jul 2025 · Floor 11-15
+14.0% vs FV
HOUGANG AVENUE 2
Jul 2025 · Floor 01-05
+4.1% vs FV
HOUGANG AVENUE 2
Jul 2025 · Floor 16-20
+12.3% vs FV
HOUGANG AVENUE 2
Jul 2025 · Floor 11-15
+1.0% vs FV
HOUGANG AVENUE 2
Jul 2025 · Floor 01-05
+1.9% vs FV
HELIOS AI-Detected Boosters
HELIOS AI Analysis
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.