241 Hougang Street 22 530241, Lorong Ah Soo, North-east Region, Singapore
$490,000
**Well maintained 3 room HDB at 241 Hougang Street 22** - Functional and efficient layout with good space flow - Bright and airy unit with natural light throughout - Generous bedroom sizes, comfortably fits queen beds - Practical galley kitchen with ample storage and workspace - Bathrooms in usable condition, suitable for own stay or renovation - Ideal for buyers looking to move in or value add - Quiet environment with minimal disturbance Unit Highlights - Squarish layout with no odd corners - Good cross ventilation across living and bedrooms - Separate kitchen and dining area - Spacious master bedroom - Solid structure, suitable for modern renovation concepts Location Benefits - MRT Access - Walking distance to Kovan MRT (North East Line) - 1 stop to Hougang MRT - Easy connectivity to Serangoon, Dhoby Ghaut and CBD Amenities - Heartland Mall Kovan - Hougang Mall - Hougang Central shops and eateries - Coffee shops and minimarts within short walk Schools Nearby - Holy Innocents’ Primary School - CHIJ Our Lady of the Nativity - Montfort Junior School - Montfort Secondary School Lifestyle - Hougang Sports Centre - Parks and fitness corners nearby - Mature estate with established amenities Disclaimer - All areas are approximate and subject to final survey - Photos are for illustration purposes only
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 4 HDB resale transactions (data.gov.sg) · 1 outliers removed (IQR)
Fair Value
S$387,860
S$468 psf
Asking Price
S$490,000
S$591 psf
vs Market
+26.3%
vs Last Done
+5.9%
Tenure
57 yrs
99-year Leasehold · Balance remaining
Confidence
Low
4 comps
Nearest MRT
Kovan
849m away · +2% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
4 comparable transactions
S$563
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$468
Recent Comparable Transactions
4 shown · 4 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneJun 2025 | Blk 241 HOUGANG ST 22 Floor 04 TO 06 | 829sqft | S$462,800 | ▲S$558 +19.2% vs FV | 99yr from 1985 |
Jun 2025 | Blk 241 HOUGANG ST 22 Floor 04 TO 06 | 829sqft | S$462,800 | ▲S$558 +19.2% vs FV | 99yr from 1985 |
Mar 2025 | Blk 241 HOUGANG ST 22 Floor 04 TO 06 | 797sqft | S$455,000 | ▲S$571 +22.0% vs FV | 99yr from 1985 |
Feb 2025 | Blk 241 HOUGANG ST 22 Floor 04 TO 06 | 797sqft | S$455,000 | ▲S$571 +22.0% vs FV | 99yr from 1985 |
Nov 2024 | Blk 241 HOUGANG ST 22 Floor 04 TO 06 | 797sqft | S$440,000 | ▲S$552 +17.9% vs FV | 99yr from 1985 |
Blk 241 HOUGANG ST 22
Jun 2025 · Floor 04 TO 06
+19.2% vs FV
Blk 241 HOUGANG ST 22
Jun 2025 · Floor 04 TO 06
+19.2% vs FV
Blk 241 HOUGANG ST 22
Mar 2025 · Floor 04 TO 06
+22.0% vs FV
Blk 241 HOUGANG ST 22
Feb 2025 · Floor 04 TO 06
+22.0% vs FV
Blk 241 HOUGANG ST 22
Nov 2024 · Floor 04 TO 06
+17.9% vs FV
HELIOS AI Analysis
The valuation of the HDB 3-room unit in Hougang, estimated at $387,860 or $468 per square foot, reflects an intriguing market dynamic characterized by its above-market positioning, which is 26.3% higher than the baseline. This elevated valuation suggests a strong demand for housing in this precinct, despite the remaining lease of 57 years. The Hougang area, known for its vibrant community and accessibility, continues to attract buyers who are willing to invest in properties with a longer tenure, underscoring the importance of location in determining property value.
However, it is essential to note that the model confidence for this valuation is low, indicating potential variability in market conditions. The analysis is based on only four recent HDB resale transactions in the vicinity, which may not provide a comprehensive overview of the market landscape. Investors should approach this valuation with caution, considering both the current lease term and the surrounding market trends to make informed decisions. As the market evolves, it will be crucial to monitor these dynamics closely to gauge future movements in property values.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.