Blk 503 Hougang Avenue 8
About 503 Hougang Ave 8
503 Hougang Avenue 8 is an HDB block in Hougang. It comprises 4 room and 5 room units with the highest floor being 10. The block was completed in 1986 and the lease with HDB commenced in the year 1987. This leaves a remaining lease period of approximately 67 years 06 months.
Based on past transactions data, the unit floor size are 84, 89, 103 and 121sqm. The latest resale transaction was in Apr 2023 and the highest transacted price was recorded in Aug 2022 for a 5 room unit at $595,000.
In terms of accessibility to schools, there are several primary schools located within 1km of 503, including Yio Chu Kang Primary School, Xinmin Primary School and Hougang Primary School.
For secondary education, the nearby schools include Montfort Secondary School, Xinmin Secondary School and Hougang Secondary School.
Public transportation is also convenient, with several MRT stations close to 503, including Hougang MRT Station (NE14). There are also 8 bus stops within walking distance of this block.
Resale summary (last 3 years)
| Flat Type | Min $ | Avg $ | Max $ | Sold |
|---|---|---|---|---|
| 4 room | $415,000 | $446,400 | $465,000 | 5 |
| 5 room | $550,000 | $572,500 | $595,000 | 2 |
Rental summary (last 3 years)
| Flat Type | Min $ | Avg $ | Max $ | Rented |
|---|---|---|---|---|
| 4 room | $1,700 | $2,710 | $3,800 | 5 |
| 5 room | $2,060 | $2,992 | $3,500 | 5 |
Resale transactions volume and average price trend (last 3 years)
Below is a quick summary of the resale transactions volume and average price trends for the 4 room and 5 room units at 503 Hougang Avenue 8.
- 4 room sales : Stable or no visible trend
- 5 room sales : Stable or no visible trend
- 4 room price : Trending up
- 5 room price : Trending down
Resale transaction details and prices
There were a total of 7 resale transactions in the last 3 years for units in block 503 Hougang Avenue 8, with the latest one recorded in Apr 2023.
| Date | Resale | PSM | Type | Location | Floor | Fl. Area | Model | Built |
|---|---|---|---|---|---|---|---|---|
| Apr 2023 | $550,000 | $4,545 | 5 Room | Blk 503 Hougang Avenue 8 5 Room / 121 sqm | 01 to 03 | 121 sqm | Improved | 1987 |
| Feb 2023 | $462,000 | $5,500 | 4 Room | Blk 503 Hougang Avenue 8 4 Room / 84 sqm | 01 to 03 | 84 sqm | Simplified | 1987 |
| Jan 2023 | $440,000 | $4,944 | 4 Room | Blk 503 Hougang Avenue 8 4 Room / 89 sqm | 01 to 03 | 89 sqm | Simplified | 1987 |
| Dec 2022 | $450,000 | $5,357 | 4 Room | Blk 503 Hougang Avenue 8 4 Room / 84 sqm | 04 to 06 | 84 sqm | Simplified | 1987 |
| Aug 2022 | $465,000 | $5,536 | 4 Room | Blk 503 Hougang Avenue 8 4 Room / 84 sqm | 07 to 09 | 84 sqm | Simplified | 1987 |
| Aug 2022 | $595,000 | $4,917 | 5 Room | Blk 503 Hougang Avenue 8 5 Room / 121 sqm | 07 to 09 | 121 sqm | Improved | 1987 |
| Jan 2022 | $415,000 | $4,940 | 4 Room | Blk 503 Hougang Avenue 8 4 Room / 84 sqm | 10 to 12 | 84 sqm | Simplified | 1987 |
Rental transactions volume and average rental price trend (last 3 years)
Here's a summary of the rental transactions and price trends for the 4 room and 5 room units at 503 Hougang Avenue 8.
- 4 room rental : Stable trend
- 5 room rental : Trending up
- 4 room rental price : Trending up
- 5 room rental price : Trending up
Rental transaction details and prices
There were a total of 10 rental transactions in the last 3 years for units in block 503 Hougang Avenue 8. The latest recorded one was in Feb 2024.
| Date | Rental | Flat Type | Location | Town |
|---|---|---|---|---|
| Feb 2024 | $3,300 | 5 Room | Blk 503 Hougang Avenue 8 5 Room | Hougang |
| Feb 2024 | $3,500 | 5 Room | Blk 503 Hougang Avenue 8 5 Room | Hougang |
| Oct 2023 | $2,450 | 4 Room | Blk 503 Hougang Avenue 8 4 Room | Hougang |
| Sep 2023 | $3,300 | 4 Room | Blk 503 Hougang Avenue 8 4 Room | Hougang |
| Aug 2023 | $3,800 | 4 Room | Blk 503 Hougang Avenue 8 4 Room | Hougang |
| Apr 2023 | $2,600 | 5 Room | Blk 503 Hougang Avenue 8 5 Room | Hougang |
| Mar 2023 | $3,500 | 5 Room | Blk 503 Hougang Avenue 8 5 Room | Hougang |
| Feb 2023 | $1,700 | 4 Room | Blk 503 Hougang Avenue 8 4 Room | Hougang |
| Mar 2022 | $2,060 | 5 Room | Blk 503 Hougang Avenue 8 5 Room | Hougang |
| Jan 2022 | $2,300 | 4 Room | Blk 503 Hougang Avenue 8 4 Room | Hougang |
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Property information for 503 Hougang Avenue 8
| Block | : | 503 |
| Street | : | Hougang Avenue 8 |
| Building | : | |
| Postal code | : | 530503 |
| Town | : | Hougang |
| Recorded transactions floor area | : | 84 sqm, 89 sqm, 103 sqm, 121 sqm |
| Recorded transactions flat types | : | 4 Room, 5 Room |
| Recorded transactions flat models | : | Simplified, Improved, Model A |
| Lease commencement | : | 1987 |
| Year completed | : | 1986 |
| Max. Floor | : | 10 |
| Residential? | : | Y |
| Commercial? | : | N |
| Market or hawker centre? | : | N |
| Multi-storey carpark? | : | N |
| Precinct or pavilion? | : | N |