Blk 540 Hougang Avenue 8
About 540 Hougang Ave 8
540 Hougang Avenue 8 is an HDB block located in Hougang. It has 4 room and 5 room units and the highest floor is 12. The block was completed in 1989 and the lease with HDB commenced in 1989. This means that the remaining lease period is approximately 71 years 04 months. The unit floor size are 104 and 121sqm. The latest resale transaction was in May 2024 and the highest transacted price was recorded in Apr 2022 for a 5 room unit at $608,000.
There are several primary schools located within 1km of block 540, including Punggol Primary School, Yio Chu Kang Primary School and Palm View Primary School.
For secondary education, the nearby schools include Montfort Secondary School, North Vista Secondary School and Hougang Secondary School.
Block 540 is also close to several MRT stations, making it easy to get around Singapore. The following MRT stations are within walking distance of the block : Buangkok MRT Station (NE15) and Hougang MRT Station (NE14).
There are also 8 bus stops within walking distance of the block.
Resale summary (last 3 years)
| Flat Type | Min $ | Avg $ | Max $ | Sold |
|---|---|---|---|---|
| 4 room | $420,000 | $509,200 | $548,000 | 5 |
| 5 room | $570,000 | $588,833 | $608,000 | 6 |
Rental summary (last 3 years)
| Flat Type | Min $ | Avg $ | Max $ | Rented |
|---|---|---|---|---|
| 4 room | $1,700 | $2,645 | $3,600 | 10 |
| 5 room | $2,500 | $2,750 | $3,000 | 2 |
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 540 Hougang Avenue 8.
- 4 room sales : Trending up
- 5 room sales : Stable or no visible trend
- 4 room price : Trending up
- 5 room price : Trending up
Resale transaction details and prices
There were a total of 11 resale transactions in the last 3 years for units in block 540 Hougang Avenue 8, with the latest one recorded in May 2024.
| Date | Resale | PSM | Type | Location | Floor | Fl. Area | Model | Built |
|---|---|---|---|---|---|---|---|---|
| May 2024 | $540,000 | $5,192 | 4 Room | Blk 540 Hougang Avenue 8 4 Room / 104 sqm | 04 to 06 | 104 sqm | Model A | 1989 |
| Aug 2023 | $582,000 | $4,810 | 5 Room | Blk 540 Hougang Avenue 8 5 Room / 121 sqm | 01 to 03 | 121 sqm | Improved | 1989 |
| Mar 2023 | $500,000 | $4,808 | 4 Room | Blk 540 Hougang Avenue 8 4 Room / 104 sqm | 04 to 06 | 104 sqm | Model A | 1989 |
| Mar 2023 | $548,000 | $5,269 | 4 Room | Blk 540 Hougang Avenue 8 4 Room / 104 sqm | 10 to 12 | 104 sqm | Model A | 1989 |
| Jan 2023 | $538,000 | $5,173 | 4 Room | Blk 540 Hougang Avenue 8 4 Room / 104 sqm | 07 to 09 | 104 sqm | Model A | 1989 |
| Jan 2023 | $588,000 | $4,860 | 5 Room | Blk 540 Hougang Avenue 8 5 Room / 121 sqm | 04 to 06 | 121 sqm | Improved | 1989 |
| Apr 2022 | $608,000 | $5,025 | 5 Room | Blk 540 Hougang Avenue 8 5 Room / 121 sqm | 07 to 09 | 121 sqm | Improved | 1989 |
| Apr 2022 | $608,000 | $5,025 | 5 Room | Blk 540 Hougang Avenue 8 5 Room / 121 sqm | 07 to 09 | 121 sqm | Improved | 1989 |
| Mar 2022 | $570,000 | $4,711 | 5 Room | Blk 540 Hougang Avenue 8 5 Room / 121 sqm | 10 to 12 | 121 sqm | Improved | 1989 |
| Feb 2022 | $420,000 | $4,038 | 4 Room | Blk 540 Hougang Avenue 8 4 Room / 104 sqm | 01 to 03 | 104 sqm | Model A | 1989 |
| Jan 2022 | $577,000 | $4,769 | 5 Room | Blk 540 Hougang Avenue 8 5 Room / 121 sqm | 07 to 09 | 121 sqm | Improved | 1989 |
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 540 Hougang Avenue 8.
- 4 room rental : Stable trend
- 5 room rental : Stable trend
- 4 room rental price : Trending up
- 5 room rental price : Trending up
Rental transaction details and prices
There were a total of 12 rental transactions in the last 3 years for units in block 540 Hougang Avenue 8. The latest recorded one was in Oct 2023.
| Date | Rental | Flat Type | Location | Town |
|---|---|---|---|---|
| Oct 2023 | $3,000 | 5 Room | Blk 540 Hougang Avenue 8 5 Room | Hougang |
| Sep 2023 | $3,000 | 4 Room | Blk 540 Hougang Avenue 8 4 Room | Hougang |
| Sep 2023 | $3,600 | 4 Room | Blk 540 Hougang Avenue 8 4 Room | Hougang |
| Aug 2023 | $2,300 | 4 Room | Blk 540 Hougang Avenue 8 4 Room | Hougang |
| Feb 2023 | $2,500 | 5 Room | Blk 540 Hougang Avenue 8 5 Room | Hougang |
| Feb 2023 | $2,600 | 4 Room | Blk 540 Hougang Avenue 8 4 Room | Hougang |
| Jan 2023 | $3,000 | 4 Room | Blk 540 Hougang Avenue 8 4 Room | Hougang |
| Sep 2022 | $2,650 | 4 Room | Blk 540 Hougang Avenue 8 4 Room | Hougang |
| Feb 2022 | $2,600 | 4 Room | Blk 540 Hougang Avenue 8 4 Room | Hougang |
| Jan 2022 | $2,500 | 4 Room | Blk 540 Hougang Avenue 8 4 Room | Hougang |
| Sep 2021 | $2,500 | 4 Room | Blk 540 Hougang Avenue 8 4 Room | Hougang |
| Sep 2021 | $1,700 | 4 Room | Blk 540 Hougang Avenue 8 4 Room | Hougang |
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Property information for 540 Hougang Avenue 8
| Block | : | 540 |
| Street | : | Hougang Avenue 8 |
| Building | : | |
| Postal code | : | 530540 |
| Town | : | Hougang |
| Recorded transactions floor area | : | 104 sqm, 121 sqm |
| Recorded transactions flat types | : | 4 Room, 5 Room |
| Recorded transactions flat models | : | Model A, Improved |
| Lease commencement | : | 1989 |
| Year completed | : | 1989 |
| Max. Floor | : | 12 |
| Residential? | : | Y |
| Commercial? | : | Y |
| Market or hawker centre? | : | N |
| Multi-storey carpark? | : | N |
| Precinct or pavilion? | : | N |