An executive HDB flat at 221 Hougang Street 21 has changed hands for a record price of S$1.45 million, marking the first time an executive flat in Hougang has crossed the S$1.3 million threshold.
According to records on HDB’s website, the unit is a 148 sqm (1,593 sq ft) maisonette located on the fourth to sixth floor of the block. It has 65 years and 11 months left on its lease.
The location is quite convenient leh. According to Google Maps, Heartland Mall, Kovan Market and Food Centre, and Kovan Sports Centre are all within walking distance. Kovan MRT is just 750m away, about a 10-minute walk. Across the road from the block is Surin Avenue Neighbourhood Park.
For families with school-going children, Xinghua Primary School, Paya Lebar Methodist Girls’ School and Yuying Secondary School are all within the 1km radius, according to EdgeProp.
This record-breaking transaction shows that demand for executive flats in mature estates with good amenities and transport links remains strong. The maisonette layout, which offers more space compared to regular flats, also adds to its appeal. With almost 66 years left on the lease, buyers still have plenty of runway before needing to worry about lease decay.
The Hougang area has always been popular due to its mature estate status and good connectivity. Looks like property prices in this area continue to hold strong!
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