Introduction
Nestled in the heart of Hougang, Block 681 Hougang Avenue 8 is a highly sought-after residential development that offers a unique blend of convenience and tranquility. With its prime location, modern amenities, and spacious living spaces, it caters to the diverse needs of families and individuals alike. In this comprehensive guide, we will delve into every aspect of this remarkable property, providing valuable insights and information to potential residents.
Location and Amenities
Location Highlights
- Located in the mature estate of Hougang, BLK 681 Hougang Avenue 8 enjoys excellent accessibility and connectivity.
- Proximity to major expressways such as the Central Expressway (CTE) and Kallang-Paya Lebar Expressway (KPE) allows for seamless travel to various parts of Singapore.
- Hougang MRT station, a mere 5-minute walk away, provides convenient access to public transportation.
- The neighborhood is surrounded by an array of amenities, including supermarkets, shopping malls, clinics, and recreational facilities.
Education and Healthcare
- Parents will appreciate the close proximity to reputable educational institutions such as Hougang Primary School, Montfort Junior School, and Nanyang Polytechnic.
- Several medical facilities, including Hougang Polyclinic and Khoo Teck Puat Hospital, are within a short distance.
Property Specifications
Building and Unit Types
- BLK 681 Hougang Avenue 8 comprises 25 storeys, housing a total of 160 residential units.
- Unit types range from 3-room to 5-room flats, catering to different family sizes and preferences.
- All units feature spacious living areas, well-equipped kitchens, and ample natural lighting.
Facilities and Features
- Residents can enjoy a wide range of facilities within the development, including:
- Lush landscaping and beautifully designed gardens
- Children’s playground for fun and play
- Fitness corner for active lifestyles
- Barbeque pits for social gatherings
Market Value and Recent Transactions
Market Value Trends
- According to data from the Urban Redevelopment Authority (URA), the average transacted price per square foot (psf) for 5-room flats in BLK 681 Hougang Avenue 8 has steadily increased over the past few years.
- In the first quarter of 2023, the average psf price stood at $580, representing a 2.5% increase compared to the same period in 2022.
Recent Transactions
- Recent transactions in BLK 681 Hougang Avenue 8 include:
- A 5-room flat (1,184 sq ft) sold for $680,000 in March 2023.
- A 4-room flat (93 sqm) sold for $530,000 in February 2023.
Investment Potential
Growing Rental Market
- The Hougang area has a strong rental market due to its proximity to amenities and transportation.
- Investors can potentially generate a steady stream of rental income by purchasing units in BLK 681 Hougang Avenue 8.
- According to data from SRX Property, the average rental yield for 5-room flats in Hougang was 2.8% in 2022.
Capital Appreciation
- The long-term appreciation potential of property in BLK 681 Hougang Avenue 8 is supported by several factors, including:
- Strong underlying demand for housing in Singapore
- Government policies aimed at supporting homeownership
- Continued development and upgrading of the Hougang area
Conclusion
BLK 681 Hougang Avenue 8 represents an exceptional residential opportunity for families and individuals seeking a comfortable and convenient lifestyle in Singapore. With its prime location, modern facilities, and promising investment potential, this development caters to the diverse needs of today’s property seekers. We encourage potential residents to explore this remarkable property further and discover all that it has to offer.
Additional Information
Nearby Amenities
| Amenity | Distance |
|---|---|
| Hougang Green Shopping Mall | 5-minute walk |
| NTUC FairPrice | 3-minute walk |
| Hougang Public Library | 10-minute walk |
| Hougang Sports Complex | 15-minute walk |
Table of Recent Transactions
| Unit Type | Floor | Area (sq ft) | Transacted Price ($) | Transacted Date |
|---|---|---|---|---|
| 5-room | 10 | 1,184 | 680,000 | March 2023 |
| 4-room | 12 | 93 | 530,000 | February 2023 |
| 3-room | 4 | 70 | 420,000 | January 2023 |
Table of Facilities and Features
| Facility | Description |
|---|---|
| Lush landscaping | Beautifully designed gardens and green spaces |
| Children’s playground | Safe and fun playground for kids |
| Fitness corner | Equipped with exercise equipment for active lifestyles |
| Barbeque pits | Designated areas for social gatherings and cooking |
Table of Market Value Trends
| Year | Quarter | Average psf Price (5-room flats) |
|---|---|---|
| 2020 | Q1 | $520 |
| 2021 | Q1 | $550 |
| 2022 | Q1 | $565 |
| 2023 | Q1 | $580 |
Table of Investment Potential
| Factor | Benefit |
|---|---|
| Growing rental market | Potential for steady rental income |
| Capital appreciation | Long-term potential for property value increase |
| Government support | Policies aimed at supporting homeownership |
| Continued development | Upgrades and improvements to the Hougang area |
