Home Buy All 2RM D19 - Hougang / Punggol / Sengkang2 Bed Condo for Sale in The Florence Residences

2 Bed Condo for Sale in The Florence Residences

97 Hougang Avenue 2 533753, Kovan, North-east Region, Singapore

$1,200,000

Added 4 months ago

CondoFor sale

Beds: 2Baths: 1Area: 635 sqft

Above Market· 13.1% above market

+3View all

Property Details

Property IDnxWab9baAAoQNwKMksxkUw

PriceS$1,200,000

Property TypeCondo

StatusFor sale

Beds2

Baths1

Built Area635 sqft

PSF

S$1,890

Year Built2024

Furnished StatusUnknown

Description

Functional layout Bright and airy Pool view Good size balcony Excellent location 10 min to Hougang /Kovan MRT and Mall

Features & Amenities

Hydrotherapy pool

Steam room

Karaoke

Lap pool

Pond

Gym

Balcony

Pavilion

Library

Jogging track

Hammocks

Jacuzzi

Yoga corner

Location

97 Hougang Avenue 2 533753, Kovan, North-east Region, Singapore

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Mortgage Calculation

Price

Tenure (yrs)20 yrs

410203035

Loan (%)75 %

1020406075

Interest (%)4 %

0.1123456

Mortgage calculation on 4% interest rate

S$ 0

Loan Amount (75%)

Downpayment (25%)

S$ 0

/month

Principal

S$ 0

Interest

S$ 0

Total Transactions

338

Average Price

S1.3M

Total Value

S444.8M

Sales Timeline

Home Report · AVM Fair Value

Automated Valuation based on 782 URA transactions · 10 outliers removed (IQR)

Fair Value

S$1.06M

S$1,672 psf

Asking Price

S$1.20M

S$1,890 psf

vs Market

+13.1%

Above Market

vs Last Done

+6.6%

Above Market

Tenure

97 yrs

99-year Leasehold · Balance remaining

Confidence

High

782 comps

High = 10+ comps

Medium = 5–9 comps

Low = <5 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

Adjusted Fair Value PSF

S$1,672

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 +6.0% vs FV	99 yrs lease commencing from 2018
Aug 2025	HOUGANG AVENUE 2 Floor 11-15	527sqft	S$935,000	▲S$1,773 +6.0% vs FV	99 yrs lease commencing from 2018
Aug 2025	HOUGANG AVENUE 2 Floor 06-10	926sqft	S$1,818,000	▲S$1,964 +17.5% vs FV	99 yrs lease commencing from 2018
Aug 2025	HOUGANG AVENUE 2 Floor 06-10	635sqft	S$1,100,000	▲S$1,732 +3.6% vs FV	99 yrs lease commencing from 2018
Aug 2025	HOUGANG AVENUE 2 Floor 06-10	936sqft	S$1,550,000	▼S$1,655 -1.0% vs FV	99 yrs lease commencing from 2018
Jul 2025	HOUGANG AVENUE 2 Floor 11-15	990sqft	S$1,980,000	▲S$1,999 +19.6% vs FV	99 yrs lease commencing from 2018
Jul 2025	HOUGANG AVENUE 2 Floor 11-15	893sqft	S$1,770,000	▲S$1,981 +18.5% vs FV	99 yrs lease commencing from 2018
Jul 2025	HOUGANG AVENUE 2 Floor 01-05	667sqft	S$1,208,000	▲S$1,810 +8.3% vs FV	99 yrs lease commencing from 2018
Jul 2025	HOUGANG AVENUE 2 Floor 16-20	667sqft	S$1,302,888	▲S$1,952 +16.7% vs FV	99 yrs lease commencing from 2018
Jul 2025	HOUGANG AVENUE 2 Floor 11-15	484sqft	S$850,000	▲S$1,755 +5.0% vs FV	99 yrs lease commencing from 2018
Jul 2025	HOUGANG AVENUE 2 Floor 01-05	635sqft	S$1,125,000	▲S$1,771 +5.9% vs FV	99 yrs lease commencing from 2018

Last Done

HOUGANG AVENUE 2

Aug 2025 · Floor 11-15

▲S$1,773 psf

+6.0% vs FV

527 sqftS$935,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Aug 2025 · Floor 11-15

▲S$1,773 psf

+6.0% vs FV

527 sqftS$935,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Aug 2025 · Floor 06-10

▲S$1,964 psf

+17.5% vs FV

926 sqftS$1,818,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Aug 2025 · Floor 06-10

▲S$1,732 psf

+3.6% vs FV

635 sqftS$1,100,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Aug 2025 · Floor 06-10

▼S$1,655 psf

-1.0% vs FV

936 sqftS$1,550,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Jul 2025 · Floor 11-15

▲S$1,999 psf

+19.6% vs FV

990 sqftS$1,980,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Jul 2025 · Floor 11-15

▲S$1,981 psf

+18.5% vs FV

893 sqftS$1,770,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Jul 2025 · Floor 01-05

▲S$1,810 psf

+8.3% vs FV

667 sqftS$1,208,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Jul 2025 · Floor 16-20

▲S$1,952 psf

+16.7% vs FV

667 sqftS$1,302,88899 yrs lease commencing from 2018

HOUGANG AVENUE 2

Jul 2025 · Floor 11-15

▲S$1,755 psf

+5.0% vs FV

484 sqftS$850,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Jul 2025 · Floor 01-05

▲S$1,771 psf

+5.9% vs FV

635 sqftS$1,125,00099 yrs lease commencing from 2018

Below Fair Value

Above Fair Value

FV: S$1,672 psf

HELIOS AI Analysis

Based on 782 URA transactions (10 outliers removed), adjusted for: Tenure decay (5.9% discount); MRT Kovan 765m away (+1%)

⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.

Calculating fair value from URA transaction data…

Melvyn Xu

License: L3008022J

2 Bed Condo for Sale in The Florence Residences

IMAGES GALLERY

Property Details

Description

Location

Mortgage Calculation

Mortgage calculation on 4% interest rate

Sales Timeline

Home Report · AVM Fair Value

Melvyn Xu

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Home Report · AVM Fair Value