Introduction
Nestled in the heart of Hougang, 204 Hougang Street 21 is a vibrant and thriving enclave that offers a unique blend of urban convenience and suburban tranquility. With its strategic location, excellent amenities, and affordable housing options, this address has emerged as a highly sought-after destination for both families and professionals alike.
Key Features
- Prime location in the established Hougang neighborhood
- Excellent connectivity to major transportation hubs
- Wide range of amenities, including shopping malls, eateries, and schools
- Affordable housing options to suit various budgets
- Strong community spirit with a diverse mix of residents
Unveiling the Potential of 204 Hougang Street 21
As Singapore continues to grow and evolve, the potential of 204 Hougang Street 21 is only set to increase. Its central location and proximity to key infrastructure projects make it an ideal hub for businesses and entrepreneurs. The area is also poised to benefit from the government’s plans to transform Hougang into a vibrant and sustainable town.
Investment Opportunities
Investors seeking long-term growth potential should consider the following opportunities in 204 Hougang Street 21:
- Commercial Properties: The area offers excellent opportunities for commercial development, with a growing demand for retail, office, and industrial space.
- Residential Properties: The affordable housing options and strong rental demand make the area attractive for both owner-occupiers and investors.
- Land Banking: Strategic land acquisition in the area can provide substantial returns as the neighborhood continues to develop.
Exploring the Surroundings of 204 Hougang Street 21
The neighborhood surrounding 204 Hougang Street 21 is a treasure trove of amenities and attractions that cater to the diverse needs of its residents.
Shopping and Dining
- Hougang Mall: A vibrant shopping mall offering a wide range of retail, dining, and entertainment options.
- Hougang Green Shopping Mall: A community mall featuring essential services, supermarkets, and food outlets.
- Hougang Village: A quaint and charming enclave with traditional shophouses offering unique dining and shopping experiences.
Education
- Hougang Primary School: A highly regarded primary school with a strong academic track record.
- Xinmin Secondary School: A reputable secondary school offering a comprehensive range of academic and co-curricular activities.
- Serangoon Junior College: A selective junior college with a focus on science, arts, and humanities.
Healthcare
- Hougang Polyclinic: A government-run polyclinic providing affordable primary healthcare services.
- SingHealth Polyclinics – Hougang: A private polyclinic offering a wide range of medical and dental services.
- St. Andrew’s Community Hospital: A not-for-profit hospital providing acute, rehabilitative, and community healthcare services.
Transportation
- Hougang MRT Station: A major MRT station on the North-East Line, providing convenient access to the city center and other parts of Singapore.
- Sengkang Bus Interchange: A busy bus interchange with numerous bus services connecting to various destinations.
- Kallang-Paya Lebar Expressway (KPE): A major expressway providing quick access to the eastern and central regions of Singapore.
Understanding the Market Dynamics of 204 Hougang Street 21
To fully grasp the potential of 204 Hougang Street 21, it is essential to understand the market dynamics that shape its real estate landscape.
Demand and Supply
The demand for housing in 204 Hougang Street 21 has been steadily increasing in recent years, driven by the area’s affordability, excellent amenities, and proximity to major transportation hubs. The supply of properties, while limited, is expected to increase as new development projects are launched in the area.
Pricing Trends
Property prices in 204 Hougang Street 21 have shown a gradual but consistent upward trend over the past decade. The median price for a HDB flat in the area currently stands at S$450,000, while the median price for a private apartment is approximately S$1,000,000.
Rental Rates
Rental rates in 204 Hougang Street 21 have also been on an upward trajectory, reflecting the strong demand for housing in the area. The average rental rate for a HDB flat is around S$1,500 per month, while the average rental rate for a private apartment is approximately S$2,500 per month.
Addressing Pain Points and Motivations of Potential Residents
To better cater to the needs of potential residents, it is crucial to address their pain points and motivations.
Pain Points
- Affordability: Some potential residents may be concerned about the affordability of housing in 204 Hougang Street 21.
- Traffic Congestion: The area can experience traffic congestion during peak hours, especially along major roads like Hougang Avenue 8.
- Limited Parking: Parking can be a challenge during the day, especially in the vicinity of shopping malls and schools.
Motivations
- Convenience: The area’s convenient location and excellent amenities make it an attractive choice for busy professionals and families.
- Education: The presence of reputable schools in the area is a major draw for families with school-going children.
- Community Spirit: 204 Hougang Street 21 fosters a strong sense of community, with various community events and activities that promote interaction among residents.
Unlocking New Possibilities for 204 Hougang Street 21
By fostering innovation and embracing new technologies, 204 Hougang Street 21 can evolve into a truly smart and sustainable neighborhood.
Smart City Initiatives
- Smart Lighting: Implementing energy-efficient LED streetlights and utilizing sensor technology to optimize lighting levels.
- Smart Parking: Employing sensors and mobile applications to improve parking management, reduce traffic congestion, and enhance parking convenience.
- Smart Waste Management: Leveraging IoT devices to monitor waste levels, optimize waste collection routes, and promote recycling.
Sustainable Solutions
- Green Buildings: Encouraging the construction of eco-friendly buildings that incorporate green features such as energy-efficient appliances, rainwater harvesting systems, and solar panels.
- Urban Greenery: Establishing more parks and green spaces to enhance the neighborhood’s aesthetics, reduce heat island effects, and improve air quality.
- Sustainable Transportation: Promoting cycling and walking by providing dedicated bike lanes and pedestrian-friendly infrastructure.
Data-Driven Insights into 204 Hougang Street 21
To provide a comprehensive understanding of the market dynamics in 204 Hougang Street 21, we have compiled some key data and statistics:
| Property Type | Median Price | Rental Rate |
|---|---|---|
| HDB Flat | S$450,000 | S$1,500 per month |
| Private Apartment | S$1,000,000 | S$2,500 per month |
| Key Amenities | Distance from 204 Hougang Street 21 |
|---|---|
| Hougang Mall | 3-minute walk |
| Hougang Green Shopping Mall | 5-minute walk |
| Hougang Village | 10-minute walk |
| Hougang Primary School | 5-minute walk |
| Xinmin Secondary School | 10-minute walk |
| Transportation Hubs | Distance from 204 Hougang Street 21 |
|---|---|
| Hougang MRT Station | 5-minute walk |
| Sengkang Bus Interchange | 10-minute bus ride |
| KPE | 5-minute drive |
| Population Demographics | Percentage |
|---|---|
| Families with Children | 40% |
| Young Professionals | 30% |
| Senior Citizens | 20% |
| Students | 10% |
Conclusion
204 Hougang Street 21 stands as a vibrant and promising neighborhood that offers a unique blend of urban convenience and suburban tranquility. With its strategic location, excellent amenities, and affordable housing options, this address has emerged as a highly sought-after destination for both families and professionals alike.
By embracing innovation, addressing pain points, and unlocking new possibilities, 204 Hougang Street 21 can evolve into a truly smart, sustainable, and thriving neighborhood that meets the needs of its residents and enhances their quality of life.
