HomeBuyAll1RMD19 - Hougang / Punggol / Sengkang1+1 Bed Condo for Sale in The Florence Residences

1+1 Bed Condo for Sale in The Florence Residences

83 Hougang Avenue 2 538860, Kovan, North-east Region, Singapore

$925,000

Added 4 months ago
Beds: 1Baths: 1Area: 527 sqft
Market Price· Fairly priced
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IMAGES GALLERY

Property Details

Property IDGw2zfP5zkzotMVDDB4ZWJG
PriceS$925,000
Property TypeCondo
StatusFor sale
Beds1
Baths1
Built Area527 sqft
PSF
S$1,755
Year Built2023
Furnished StatusFully furnished

Description

Features & Amenities
Hammocks
Karaoke
Library
Yoga corner
Jacuzzi
Gym
Lap pool
Hydrotherapy pool
Steam room
Pavilion
Balcony
Pond
Jogging track

Location

83 Hougang Avenue 2 538860, Kovan, North-east Region, Singapore

Loading map...

Mortgage Calculation

S$
20 yrs
410203035
75 %
1020406075
4 %
0.1123456

Mortgage calculation on 4% interest rate

S$ 0
Loan Amount (75%)
Downpayment (25%)
S$ 0
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 707 URA transactions · 9 outliers removed (IQR)

Fair Value

S$887,652

S$1,684 psf

Asking Price

S$925,000

S$1,755 psf

vs Market

+4.2%

Market Price

vs Last Done

-1.0%

Market Price

Tenure

96 yrs

99-year Leasehold · Balance remaining

Confidence

High

707 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

707 comparable transactions

S$1,763

Floor Premium

0.5% per floor vs median

+0.0%

Tenure Decay

Bala's curve (99yr leasehold)

×0.912

MRT Proximity

Within 500m / 1km

+1%

AI Condition Premium

HELIOS scan of listing description

0%

Adjusted Fair Value PSF

S$1,684

Recent Comparable Transactions

10 shown · 707 total
Last Done

HOUGANG AVENUE 2

Aug 2025 · Floor 11-15

S$1,773 psf

+5.3% vs FV

527 sqftS$935,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Aug 2025 · Floor 11-15

S$1,773 psf

+5.3% vs FV

527 sqftS$935,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Aug 2025 · Floor 06-10

S$1,964 psf

+16.6% vs FV

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

HOUGANG AVENUE 2

Aug 2025 · Floor 06-10

S$1,732 psf

+2.9% vs FV

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

HOUGANG AVENUE 2

Aug 2025 · Floor 06-10

S$1,655 psf

-1.7% vs FV

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

HOUGANG AVENUE 2

Jul 2025 · Floor 11-15

S$1,999 psf

+18.7% vs FV

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

HOUGANG AVENUE 2

Jul 2025 · Floor 11-15

S$1,981 psf

+17.6% vs FV

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

HOUGANG AVENUE 2

Jul 2025 · Floor 01-05

S$1,810 psf

+7.5% vs FV

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

HOUGANG AVENUE 2

Jul 2025 · Floor 16-20

S$1,952 psf

+15.9% vs FV

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

HOUGANG AVENUE 2

Jul 2025 · Floor 11-15

S$1,755 psf

+4.2% vs FV

484 sqftS$850,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Jul 2025 · Floor 01-05

S$1,771 psf

+5.2% vs FV

635 sqftS$1,125,00099 yrs lease commencing from 2018
Below Fair Value
Above Fair Value
FV: S$1,684 psf

HELIOS AI Analysis

Based on 707 URA transactions (9 outliers removed), adjusted for: Tenure decay (8.8% 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.

Troy Lee

Troy Lee

PROPNEX REALTY PTE. LTD.

CEA: L3008022J

+65 9873 xxxx
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