924 Hougang Avenue 9 530924, Trafalgar, North-east Region, Singapore
$735,000
High flr, spacious 5rm flat with 4 bedrooms. Within 1km to Rosyth Sch. D19, HOUGANG/ SENGKANG/ PUNGGOL * High Floor. Bright and well ventilated. * Corridor-end unit. Non corridor! * Meticulously planned and renovated. Very well maintained. See to believe! * Move-in condition. Bring your things and just move in! * Squarish layout. No wasted corners. * Spacious living areas * 4 rooms (3 spacious bedrooms PLUS 1 flexi room which can be used as a bedoom or study or up to your own preference) * Huge Kitchen with lots of storage and ample counter top for kitchen work. * Conveniently located within amenities: 1) 3 minutes walk to Ci Yuan Community Club & Hawker Centre 2) 5 minutes walk to Hougang 1 Mall (NTUC, Mac, KFC, Kopitiam Food Court, Starbucks and many more) 3) 9 minutes walk to Hougang Village, a neighbourhood centre located at Hougang Avenue 8. Comprehensive range of shops and services located here (many coffee shops, a 24hr Mcdonald, a 24hr clinic, wet market, giant super market, etc) 3) 10 minutes walk to Hougang Green Shopping Mall * Located within 1KM to Rosyth School. Other primary schools within 1 km are: 1) Rosyth School 2) Montfort Junior School 3) Hougang Primary School 4) Xinmin Primary School 5) Yio Chu Kang Primary School * Extension required. Don't miss! Contact Teck Wah for viewing - Don't miss this opportunity to own this delightful property in a famous school location!
The following locations are within radius of this property, with distance shown in kilometers.
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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 1 HDB resale transactions (data.gov.sg)
Fair Value
S$700,515
S$542 psf
Asking Price
S$735,000
S$569 psf
vs Market
+4.9%
vs Last Done
+8.0%
Tenure
72 yrs
99-year Leasehold · Balance remaining
Confidence
Low
1 comps
Nearest MRT
Hougang
1263m away
Hedonic Adjustment Breakdown
Base URA PSF
1 comparable transactions
S$527
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×1.029
MRT Proximity
Within 500m / 1km
0%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$542
Recent Comparable Transactions
1 shown · 1 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneNov 2024 | Blk 924 HOUGANG AVE 9 Floor 01 TO 03 | 1,292sqft | S$680,888 | ▼S$527 -2.8% vs FV | 99yr from 1998 |
Nov 2024 | Blk 924 HOUGANG AVE 9 Floor 01 TO 03 | 1,292sqft | S$680,888 | ▼S$527 -2.8% vs FV | 99yr from 1998 |
Blk 924 HOUGANG AVE 9
Nov 2024 · Floor 01 TO 03
-2.8% vs FV
Blk 924 HOUGANG AVE 9
Nov 2024 · Floor 01 TO 03
-2.8% vs FV
HELIOS AI Analysis
In the current property landscape, the valuation of the HDB 5-room unit in Hougang, with a remaining lease of 72 years, stands at an estimated value of $700,515, translating to approximately $542 PSF. This valuation reflects a 4.9% deviation from the baseline market price, suggesting a nuanced sentiment in the local market dynamics. The relatively low model confidence score indicates a cautious stance, primarily influenced by the limited data pool, as it is based on merely one recent HDB resale transaction in the vicinity.
As the Singapore real estate market continues to evolve, the implications of a 72-year lease on property value cannot be understated. Properties with remaining leases of this length may experience varying degrees of buyer interest, depending on factors such as location desirability, unit condition, and market trends. The Hougang locality, known for its vibrant community and accessibility, presents a compelling case; however, potential buyers should consider the implications of leasehold tenures on investment value. As the market adjusts, continuous monitoring of transaction volumes and pricing trends will be essential to better gauge the trajectory of HDB values in this area.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.