706 Hougang Avenue 2 530706, Kovan, North-east Region, Singapore
$570,000
Rare & Spacious Unit in the Heart of Hougang! Don't miss this opportunity to own an approx. 1,000 sqft unit at Blk 706 Hougang Ave 2. Offering a perfect balance of generous space, convenience, and long-term value, this home is a rare find in today’s market where newer flats are increasingly compact. Situated in a highly convenient mature estate, enjoy immediate access to a fully developed environment. Supermarkets, eateries, banks, and clinics are just a stone's throw away, alongside vibrant lifestyle and dining options at Heartland Mall, Hougang Mall, and the Upper Serangoon stretch. Unbeatable Connectivity Within walking distance to both Kovan & Hougang MRT stations (North East Line), providing direct access to Serangoon, Dhoby Ghaut, and the city. The upcoming Cross Island Line will further boost future accessibility and investment upside. Ideal for Families & Lifestyle Benefit from a strong nearby school network, including Holy Innocents’ Primary School, Xinmin Primary & Secondary School, and Montfort School. For recreation, Punggol Park and nearby park connectors offer excellent spaces for relaxation and outdoor activities. Key Highlights: • Approx. 1,000 sqft spacious & functional layout • Walking distance to Kovan & Hougang MRT stations • Direct access to Serangoon, Dhoby Ghaut & the city • Future upside with the upcoming Cross Island Line • Close to Heartland Mall, Hougang Mall & daily amenities • Within 1km to Holy Innocents’ Primary School • Near Xinmin Schools & Montfort School • Proven long-term value with strong buyer demand Spacious units with this level of convenience and connectivity are highly limited and do not remain available for long. Arrange a viewing today! Contact Dallas Hassan at 9744XXXX (Business Times mentioned Most Notable Salesperson Under 40, Platinum Achiever and Non-Conformist Marketeer)
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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: L3009250K
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Automated Valuation based on 3 HDB resale transactions (data.gov.sg)
Fair Value
S$461,454
S$461 psf
Asking Price
S$570,000
S$569 psf
vs Market
+23.5%
vs Last Done
+5.2%
Tenure
57 yrs
99-year Leasehold · Balance remaining
Confidence
Low
3 comps
Nearest MRT
Hougang
710m 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)
×0.814
MRT Proximity
Within 500m / 1km
+2%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$461
Recent Comparable Transactions
3 shown · 3 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneMar 2026 | Blk 706 HOUGANG AVE 2 Floor 01 TO 03 | 980sqft | S$530,000 | ▲S$541 +17.4% vs FV | 99yr from 1985 |
Mar 2026 | Blk 706 HOUGANG AVE 2 Floor 01 TO 03 | 980sqft | S$530,000 | ▲S$541 +17.4% vs FV | 99yr from 1985 |
Oct 2025 | Blk 706 HOUGANG AVE 2 Floor 04 TO 06 | 980sqft | S$575,000 | ▲S$587 +27.3% vs FV | 99yr from 1985 |
Aug 2025 | Blk 706 HOUGANG AVE 2 Floor 01 TO 03 | 980sqft | S$526,000 | ▲S$537 +16.5% vs FV | 99yr from 1985 |
Blk 706 HOUGANG AVE 2
Mar 2026 · Floor 01 TO 03
+17.4% vs FV
Blk 706 HOUGANG AVE 2
Mar 2026 · Floor 01 TO 03
+17.4% vs FV
Blk 706 HOUGANG AVE 2
Oct 2025 · Floor 04 TO 06
+27.3% vs FV
Blk 706 HOUGANG AVE 2
Aug 2025 · Floor 01 TO 03
+16.5% vs FV
HELIOS AI Analysis
The valuation of the HDB 4-room unit in Hougang, with a remaining lease of 57 years, reflects a notable estimated value of $461,454, equating to $461 per square foot. This valuation is situated above the market baseline by an impressive 23.5%, indicating a strong demand for properties in this area despite the decreasing lease term. This premium valuation suggests that buyers may be willing to pay a higher price due to factors such as location desirability, community amenities, and proximity to essential services.
However, it is important to note that the model confidence for this valuation is categorized as low, stemming from a limited dataset of only three recent HDB resale transactions in the vicinity. Such a small sample size can lead to potential volatility in the valuation, reflecting the dynamic nature of the real estate market in Singapore. Investors and potential buyers should consider these market dynamics carefully, particularly the implications of the remaining lease term which may affect future resale potential as the lease approaches its end.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.