624 Hougang Avenue 8 HDB Price Trends and Resale Analysis
Block 624 at Hougang Avenue 8 offers stable HDB resale prices with 4-room flats transacting at $492,000-$530,000 and 5-room units at $605,000-$660,000 as of 2025, making it attractive for families in Hougang's vibrant community.[2][4]
Homejourney verifies all listings to ensure a safe, trusted environment for your HDB resale journey. This analysis draws from official HDB transaction data, helping you make confident decisions on 624 Hougang Avenue 8 HDB Price Trends and Resale Analysis.
Property Overview: Block 624 Hougang Avenue 8
Completed in 1985 with a 99-year lease starting 1986, Block 624 has approximately 68 years remaining, sufficient for full CPF usage in most cases.[2] This 13-storey HDB block features 4-room (84 sqm) and 5-room (103-122 sqm) improved and simplified units, popular among upgraders and families.
Hougang, with its Teochew heritage, Punggol Waterway views, and Hougang Mall, draws buyers for its community feel. Many units at 624 Hougang Avenue 8 have undergone Home Improvement Programme (HIP) upgrades, including lift enhancements for better accessibility.[1][2]
Insider tip: High-floor units (10-13) offer unblocked views towards parks, commanding 5-10% premiums over low floors.[2][4]
Available Flats for Sale at 624 Hougang Avenue 8
Current resale listings at 624 Hougang Avenue 8 for sale focus on 4-room and 5-room flats. Expect 4-room prices at $492,000-$530,000 ($545-$631 psf) and 5-room at $598,000-$660,000 ($461-$541 psf), based on recent HDB records.[2][3][4]
- 4-room (84 sqm): $492K (Dec 2024, storey 07-09), $530K (Jul 2025, #10-XX)
- 5-room (122 sqm): $660K (Aug 2024, storey 01-03), $605K (Feb 2024)
Most sought-after: High-floor, renovated improved units facing green spaces. View HDB resale flats for sale near 624 Hougang Avenue 8 on Homejourney for verified listings.
Why Buy at 624 Hougang Avenue 8
This block's prime spot in Hougang offers walkable access to amenities: Hougang Mall (10-min walk), hawker centres at Block 684 (5-min), and Punggol Park (15-min bus). Schools like Holy Innocents' Primary (within 1km for priority balloting) suit families.[1]
Transport: 12-min walk to Hougang MRT (North East Line), future Cross Island Line nearby. Estate quality is high post-upgrading, with void decks for community events—a local favourite for Teochew porridge gatherings.
Hougang HDB for sale like this block provides strong rental yields (4-room: $1,300-$2,900, avg $2,077) for investors.[2]
HDB Resale Price Analysis for 624 Hougang Avenue 8
Recent transactions show steady growth: 4-room psf from $5,333 (Apr 2023) to $6,310 (Jul 2025); 5-room peaked at $660K (Aug 2024).[2][3][4] Hougang Avenue 8 averages $500-$600 psf, with Block 624 competitive vs nearby Block 642 (3-room $395K-$420K).[1][2]
| Date | Price | Type/Size | psf | Storey |
|---|---|---|---|---|
| Jul 2025 | $530K | 4-room/84sqm | $6,310 | 10-XX |
| Dec 2024 | $492K | 4-room/84sqm | $5,857 | 07-09 |
| Aug 2024 | $660K | 5-room/122sqm | $5,410 | 01-03 |
| Feb 2024 | $605K | 5-room/122sqm | $4,959 | 01-03 |
Trends: 2-5% YoY rise in Hougang, driven by demand near MRT and schools. Factors: 68-year lease (check for <60 years CPF limits), high floors add $20K-$30K. Compare via Homejourney's projects directory. Disclaimer: Prices from HDB records; verify latest on Homejourney as markets fluctuate.[1][2][4]
HDB Buyer Eligibility for Resale Flats
Singapore Citizens (SC), SC+PR, or PR+PR (after 3 years PR) can buy resale HDB. No income ceiling unlike BTO; singles 35+ eligible for 2-room Flexi. Family nucleus required; check Ethnic Integration Policy (EIP) and SPR quotas for Block 624—Homejourney verifies compliance.
Resale offers flexibility for upgraders from Hougang HDB flats.
HDB Grants for Buyers
First-timers qualify for up to $190,000 in grants (HDB.gov.sg, 2026 rates):
- CPF Housing Grant: Up to $80,000 (SC family)
- Enhanced CPF Housing Grant: Up to $80,000 (income-based, max $9K household)
- Proximity Housing Grant: $30,000 (near parents/children)
Example: $492K 4-room could drop to ~$300K after grants. Confirm eligibility via HFE letter.
Financing Your HDB Purchase
HDB loan: 80% LTV (income <$14K), 2.6% fixed rate. Bank loan: 75% LTV, variable ~3-4%, no ceiling. Use CPF Ordinary Account (OA) for downpayment (5% min cash for HDB loan) and instalments.
Estimates (4-room $500K, 25-year loan, 4% rate): ~$2,500/month. Check your HDB loan eligibility and monthly payments on Homejourney.
The HDB Resale Buying Process
- Check eligibility: Use HDB's portal for HFE letter (free, valid 3 months).
- Search & negotiate: Browse Homejourney property search.
- Secure OTP: $1K-$2K fee, 2-4 weeks validity.
- Submit resale app: HDB approves in 8-12 weeks.
- Complete: Pay, collect keys. Documents: NRIC, income proof, grants forms.
Link to our full guide: 624 Hougang Avenue 8 HDB For Sale: Complete Resale Buying Guide | Homejourney . Schedule a viewing with an HDB specialist agent via Homejourney for priority access.
FAQ: 624 Hougang Avenue 8 HDB Queries
What are current flat prices at 624 Hougang Avenue 8?
4-room: $492K-$530K; 5-room: $605K-$660K (2024-2025 HDB data). High floors premium.[2][4]
Is Block 624 eligible for HDB grants?
Yes, first-timers up to $190K if eligible. No income ceiling for resale.[HDB.gov.sg]
How's transport from 624 Hougang Avenue 8?
12-min walk to Hougang MRT; buses to CBD in 30 min.
Remaining lease at Block 624?
~68 years from 2026—fine for CPF, but confirm for loans.[2]
Why choose Homejourney for Hougang flats?
Verified listings, transparent pricing, and user safety first. Start your safe HDB journey today.
Ready for Hougang Avenue 8 HDB resale? Browse 624 Hougang Avenue 8 for sale on Homejourney and connect with trusted agents. For post-purchase, check Aircon Services .
