SELL & RENT HDBS IN HOUGANG ESTATE
Hougang (后港), located in the northeast region of Singapore, is part of the Northeast CDC. It is well-connected by the Hougang and Kovan MRT stations on the North-East Line, as well as major expressways like the Kallang-Paya Lebar Expressway (KPE) and Central Expressway (CTE).
Hougang was traditionally a Teochew-speaking area, with roots as a rural village filled with pig farms and plantations.
These are some of the HDB subzones in the Hougang estate:
- Hougang Central
- Hougang East
- Hougang West
- Lorong Ah Soo
A co-driver is there to slap the driver when he drives off course or when he falls asleep or drives dangerously.
Former Hougang MP’s Memorable Campaign Analogy
QUICK LINKS
HDB HOUGANG BRANCH OFFICE
7 INTERESTING FACTS ABOUT HOUGANG HDB ESTATE
(a) Historical Significance:
The name “Hougang” means “back of the river” in Teochew, a reflection of its location behind Sungei Serangoon. Historically, Hougang was home to a large Teochew-speaking community, and its heritage is still evident in its food culture and landmarks.
(b) Largest HDB Town:
Hougang holds the distinction of being the largest HDB town by land area in Singapore, making it a significant and densely populated residential hub.
(c) First McDonald’s in a Housing Estate:
In 1984, Hougang became the first HDB estate to host a McDonald’s outlet, a significant milestone in Singapore’s fast-food culture. The outlet remains operational today, a testament to its enduring popularity.
(d) Crocodile Farms:
Once home to multiple crocodile farms, including the famous Tan Moh Hong Reptile Skin and Crocodile Farm, Hougang had a unique agricultural past. These farms remained in operation until 2012, adding a quirky historical touch to the area.
(e) Hougang Heritage Trail:
Hougang boasts its own heritage trail, which showcases historical sites and stories related to the area’s past, including its significance during military conflicts and tales of pirates. The trail is divided into three thematic routes: Landmarks of Hougang, Institutions of Service, and Architectural Gems.
(f) Hands of the Opposition Party:
Since 1991, Hougang has been a stronghold of Singapore’s Workers’ Party (WP), making it a key political landmark. The WP first won the Hougang Single Member Constituency (SMC) in that year and has consistently held onto it in subsequent elections.
(g) Kampong Spirit:
Despite modernization, Hougang retains a sense of traditional kampong (village) spirit, particularly with nearby Kampong Lorong Buangkok, the last remaining kampong in mainland Singapore, offering a glimpse into the country’s past way of life.
Are you considering selling, buying or renting out your HDB flat in Hougang?
Or simply curious about the HDB housing scene in Hougang?
Check out the HDB median resale prices and rental statistics for Hougang below.
I will be updating these statistics every quarter.
HOW ARE HDB RESALE PRICES IN HOUGANG?
Quarterly Hougang HDB Median Resale Prices up to Q3 2024
SALE ANALYSIS FOR HOUGANG HDB RESALE FLATS
Note: All prices shown are median resale prices. The median price represents the middle value when all transactions in a quarter are arranged from lowest to highest, providing a better representation of the typical price than an average would.
(a) RECENT TREND ANALYSIS (2020-2024)
From 2020-Q1 to 2024-Q3, Hougang’s resale market showed strong growth:
3-Room Flats:
- Starting median price (2020-Q1): $272,000
- Current median price (2024-Q3): $437,500
- Median price appreciation: 60.8% in ~4 years
Key Observations:
- Current price is historical peak
- Strong acceleration in 2024
4-Room Flats:
- Starting median price (2020-Q1): $400,000
- Current price (2024-Q3): $599,000
- Median price appreciation: 49.8% in ~4 years
Key Observations:
- Steady appreciation
- Current price is historical peak
5-Room Flats:
- Starting median price (2020-Q1): $511,500
- Current price (2024-Q3): $738,900
- Median price appreciation: 44.5% in ~4 years
Key Observations:
- Current price is historical peak
- Crossed $700,000 mark in 2024
- Accelerated growth in recent quarters
Executive Flats:
- Starting median price (2020-Q1): $682,900
- Current median price (2024-Q3): $932,500
- Median price appreciation: 36.5% in ~4 years
Key Observations:
- Approaching $1 million mark
- Strong and steady appreciation
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
3-Room Flats:
- Starting median price (2007-Q2): $166,500
- Current median price (2024-Q3): $437,500
- Total median price appreciation: 162.8%
4-Room Flats:
- Starting median price (2007-Q2): $235,000
- Current median price (2024-Q3): $599,000
- Total median price appreciation: 154.9%
5-Room Flats:
- Starting median price (2007-Q2): $314,000
- Current median price (2024-Q3): $738,900
- Total median price appreciation: 135.3%
Executive Flats:
- Starting median price (2007-Q2): $361,500
- Current median price (2024-Q3): $932,500
- Total median price appreciation: 157.9%
P.S. HDB provides the median resale price for a flat type only if the estate has at least 20 transactions for that quarter. This explains why the line graph for the executive HDB flats in Hougang has gaps. There were less than 20 transactions in those quarters.
HIGHEST RESALE PRICE
Highest resale price achieved for the different Hougang HDB flat types in 2024-Q3:
a) HDB 3-room flat: $600,000 @ 999B Buangkok Crescent
b) HDB 4-room flat: $918,000 @ 449 Hougang Avenue 10
c) HDB 5-room flat: $1,000,000 @ 475A Upper Serangoon Crescent
d) HDB executive flat: $1,098,000 @ 374 Hougang Street 31
Looking to sell your Hougang HDB flat or explore your upgrading options?
I’ve helped many sellers. I can help you, too.
HOW ARE HDB RENTAL PRICES IN HOUGANG?
Quarterly Hougang HDB Median Rental Prices up to Q3 2024
RENTAL ANALYSIS FOR HOUGANG HDB FLATS
(a) RECENT TREND ANALYSIS (2020-2024)
From 2020-Q1 to 2024-Q3, Hougang’s rental market showed strong growth:
3-Room Flats:
- 2020-Q1: $1,650 → 2024-Q3: $2,600
- Increase: +57.6%
4-Room Flats:
- 2020-Q1: $1,950 → 2024-Q3: $3,200
- Increase: +64.1%
5-Room Flats:
- 2020-Q1: $2,100 → 2024-Q3: $3,400
- Increase: +61.9%
Executive Flats:
- 2020-Q1: $2,375 → 2024-Q3: $3,600
- Increase: +51.6%
Key Observations:
- Steepest rise began in 2022 due to post-pandemic demand
- 4-room flats saw highest percentage increase
- Rental gaps range from $200 to $600 between flat types
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
3-Room Flats:
- 2007-Q2: $950 → 2024-Q3: $2,600
- Total Growth: +173.7%
4-Room Flats:
- 2007-Q2: $1,125 → 2024-Q3: $3,200
- Total Growth: +184.4%
5-Room Flats:
- 2007-Q2: $1,300 → 2024-Q3: $3,400
- Total Growth: +161.5%
Executive Flats:
- 2007-Q2: $1,400 → 2024-Q3: $3,600
- Total Growth: +157.1%
P.S. HDB provides the median rental price for a flat type only if the estate has at least 20 transactions for that quarter. This explains a few gaps in the line graph for HDB executive flats in Hougang. There were less than 20 transactions for those quarters.
HIGHEST RENT
Highest rent achieved for the different Hougang HDB flat types in 2024-Q3:
a) HDB 3-room flat: $3,500 @ multiple locations
b) HDB 4-room flat: $4,800 @ 567 Hougang Street 51
c) HDB 5-room flat: $4,500 @ 108 Hougang Avenue 1
d) HDB executive flat: $5,000 @ 374 Hougang Street 31
Looking to rent out your Hougang HDB flat or explore your options?
I’ve helped many landlords. I can help you, too.
Check out the sales & rental trends in other HDB towns in Singapore.
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