707 Hougang Avenue 2 530707, Kovan, North-east Region, Singapore
$728,000
Blk 707 Hougang Ave 2 Hougang (with balcony) for sale! - Bright & Windy - Main Door face West - Motivated seller - Spacious Layout - Simple don’t up - Mins walk to coffeeshop, Food court and many amenities - Don’t need extension stay - All race & PR welcome - Contra Welcome Pre-schools & Childcare Within 1km __________________________________ - MY FIRST SKOOL - PCF Sparkletots Preschool @ Paya Lebar Blk 23 - Little Paddington Preschool Serangoon Pte Ltd - My World Preschool Ltd - Little Tree House LLP Primary Schools Within 2km __________________________________ - Holy Innocents' Primary School - Monfort Junior School (Primary) - Xinmin Primary School - Xinghua Primary School - CHIJ Our Lady Of The Nativity (Primary) Secondary Schools Within 2km __________________________________ - Monfort Secondary School - Xinmin Secondary School - Yuying Secondary School - Holy Innocents' High School (Secondary) - Bowen Secondary School Tertiary & Universities __________________________________ - Anderson Serangoon Junior College Supermarkets Within 1km __________________________________ - Lim King Chew - Tan Chuan Boon - Cold Storage Singapore (1983) Pte Ltd - NTUC Fairprice Co-operative Ltd Remarks: Photos are for digital staging Call Angela Ng @ 8588XXXX for viewing 8588XXXX.eraagent.sg
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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…
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Automated Valuation based on 3 HDB resale transactions (data.gov.sg) · 1 outliers removed (IQR)
Fair Value
S$636,105
S$469 psf
Asking Price
S$728,000
S$537 psf
vs Market
+14.4%
vs Last Done
-2.9%
Tenure
58 yrs
99-year Leasehold · Balance remaining
Confidence
Low
3 comps
Nearest MRT
Hougang
671m away · +2% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
3 comparable transactions
S$555
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.829
MRT Proximity
Within 500m / 1km
+2%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$469
Recent Comparable Transactions
3 shown · 3 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneAug 2025 | Blk 707 HOUGANG AVE 2 Floor 10 TO 12 | 1,302sqft | S$720,800 | ▲S$553 +17.9% vs FV | 99yr from 1986 |
Aug 2025 | Blk 707 HOUGANG AVE 2 Floor 10 TO 12 | 1,302sqft | S$720,800 | ▲S$553 +17.9% vs FV | 99yr from 1986 |
Aug 2025 | Blk 707 HOUGANG AVE 2 Floor 07 TO 09 | 1,302sqft | S$730,000 | ▲S$560 +19.4% vs FV | 99yr from 1986 |
Feb 2025 | Blk 707 HOUGANG AVE 2 Floor 13 TO 15 | 1,302sqft | S$718,000 | ▲S$551 +17.5% vs FV | 99yr from 1986 |
Blk 707 HOUGANG AVE 2
Aug 2025 · Floor 10 TO 12
+17.9% vs FV
Blk 707 HOUGANG AVE 2
Aug 2025 · Floor 10 TO 12
+17.9% vs FV
Blk 707 HOUGANG AVE 2
Aug 2025 · Floor 07 TO 09
+19.4% vs FV
Blk 707 HOUGANG AVE 2
Feb 2025 · Floor 13 TO 15
+17.5% vs FV
HELIOS AI Analysis
The valuation of the HDB 5-room unit in Hougang, with a remaining lease of 58 years, stands at an estimated value of $636,105, translating to approximately $469 per square foot. This valuation reflects a notable premium, as it is positioned 14.4% above the market baseline, indicating strong demand in this segment despite the relatively shorter lease term. The above-market valuation suggests a robust interest in the Hougang area, driven by factors such as local amenities, accessibility, and community reputation.
However, it is essential to note that the model confidence for this valuation is categorized as low, based on an analysis of only three recent resale transactions in the vicinity. Such a limited dataset may introduce variability in the valuation accuracy, highlighting the need for potential buyers and investors to approach with caution. The dynamics of the HDB market in Hougang, particularly with a remaining lease approaching the mid-century mark, require careful consideration of both current market trends and future resale potential. As the lease diminishes, it is crucial to assess how this may impact value appreciation over time.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.