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.
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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…


License: L3008022J
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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 unit in Hougang, with a remaining lease of 57 years, has been estimated at $596,108, translating to a price per square foot (PSF) of $443. This figure positions the property above the baseline market value by 18.8%, indicating a premium that could reflect current demand dynamics in the Hougang district. Given the low model confidence, derived from a limited dataset comprising only one recent HDB resale transaction in the vicinity, caution is advised when interpreting this valuation.
Such a significant premium raises questions about the sustainability of the pricing trajectory, particularly in light of the remaining lease period. With 57 years left, potential buyers may weigh the implications of lease expiry against current market conditions. The Hougang area has historically been a sought-after location due to its connectivity and community amenities; however, the limited transaction data suggests that market movements may be volatile. Stakeholders should monitor upcoming sales and broader economic indicators closely to gauge whether this property can maintain its elevated valuation amidst shifting market sentiments.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.