245 Hougang Street 22 530245, Lorong Ah Soo, North-east Region, Singapore
$708,000










Well-kept 5-room flat in a convenient location, perfect for families looking for space, privacy, and easy access to amenities. Normal completion. No need extension after completion. Key Features • No West sun! North-South facing with good view and ventilation • Corner, Door to Door unit, only one immediate neighbour • Lift serves just 2 units per floor • Spacious kitchen, living, dining, and bedrooms with recess area Location & Accessibility • 10 mins walk to Kovan MRT and Heartland Mall • Upcoming Defu MRT, 3 mins drive away • 1 min walk to 24-hour Kimly Food Court • Easy access to PIE, TPE, ECP Amenities • FairPrice Finest at Kovan • Hougang Hainanese Village centre with Wet markets • Cold Storage (Heartland Mall) • Sheng Siong (Hougang Rivercourt) • NTUC FairPrice (Hougang Mall and multiple outlets) • Direct bus to Nex Shopping mall • Dental and medical clinics nearby Schools Within 1 km • Holy Innocents' Primary School • Xinghua Primary School • Schools between 1km and 2km: • CHIJ Our Lady of the Nativity • Montfort Junior School • Paya Lebar Methodist Girls' School (Primary) • Xinmin Primary School Secondary Schools Nearby • Holy Innocents’ High School • Xinmin Secondary School • Yuying Secondary School • Paya Lebar Methodist Girls' School (Secondary) This corner unit offers privacy and tranquility, making it an ideal home. Act fast and schedule a viewing today! Contact Lydia at 9023 XXXX to arrange a viewing today.
The following locations are within radius of this property, with distance shown in kilometers.
Loading map...
Total Transactions
0
Average Price
S0
Total Value
S0
No transaction data found. This could be due to:
Calculating fair value from URA transaction data…


License: L3008022J
Disclaimer: The information provided on Listings.sg is for general informational purposes only. While we strive to ensure the accuracy of property listings, they are subject to change. If you notice any inaccuracies, fraudulent activity, or issues with this listing, please report it to our support team.
Automated Valuation based on 1 HDB resale transactions (data.gov.sg)
Fair Value
S$596,108
S$443 psf
Asking Price
S$708,000
S$526 psf
vs Market
+18.8%
vs Last Done
-1.5%
Tenure
57 yrs
99-year Leasehold · Balance remaining
Confidence
Low
1 comps
Nearest MRT
Kovan
760m away · +2% premium
Hedonic Adjustment Breakdown
Base URA PSF
1 comparable transactions
S$534
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.814
MRT Proximity
Within 500m / 1km
+2%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$443
Recent Comparable Transactions
1 shown · 1 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneMay 2024 | Blk 245 HOUGANG ST 22 Floor 07 TO 09 | 1,302sqft | S$695,000 | ▲S$534 +20.5% vs FV | 99yr from 1984 |
May 2024 | Blk 245 HOUGANG ST 22 Floor 07 TO 09 | 1,302sqft | S$695,000 | ▲S$534 +20.5% vs FV | 99yr from 1984 |
Blk 245 HOUGANG ST 22
May 2024 · Floor 07 TO 09
+20.5% vs FV
Blk 245 HOUGANG ST 22
May 2024 · Floor 07 TO 09
+20.5% vs FV
HELIOS AI Analysis
The valuation of the HDB 5 Room property located in Hougang, with a remaining lease of 57 years, stands at an estimated value of $596,108, translating to a price per square foot (PSF) of $443. This estimation places the property above the current market baseline by an impressive 18.8%. Such a significant premium suggests a strong demand in the Hougang area, potentially driven by the appeal of the neighborhood's amenities and connectivity, which may contribute to buyers’ willingness to pay a higher price for residential properties in this locale.
However, it is crucial to note that the model confidence for this valuation is categorized as low, primarily due to the limited data set, with only one recent HDB resale transaction available for comparison in the vicinity. This lack of comprehensive transactional data means that while the property reflects a strong market signal, the robustness of this valuation could be influenced by external factors, including shifts in buyer sentiment or changes in local supply dynamics. Investors and potential buyers should exercise caution, considering the implications of the property's remaining lease as well as the fluctuating market conditions that could affect future resale opportunities.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.