647 Hougang Avenue 8 HDB Investment Analysis: Growth Potential
Block 647 Hougang Avenue 8 offers solid investment potential for HDB resale buyers, with its mature estate location, spacious executive maisonettes, and steady price appreciation in Hougang.
Homejourney verifies all listings to ensure a safe, trusted buying experience, helping you confidently invest in this 1987-built block with about 59 years lease remaining.
Property Overview: Block 647 in Hougang
Located at 647 Hougang Avenue 8, Singapore 530647, this HDB block is a 4-storey development completed in 1987 by the Housing & Development Board (HDB).[1][2][7] It houses 12 units, primarily executive maisonettes around 146-157 m² (1,571-1,625 sqft).[2][5][10]
Hougang is a vibrant north-eastern town known for its Teochew heritage, Punggol Waterway views, and family-friendly vibe. Buyers love Block 647 for its low-density feel in a well-connected area. The block has likely undergone Home Improvement Programme (HIP) upgrades, common for 1980s HDBs, enhancing lift access and facilities.
Insider tip: High-floor units here catch breezes from nearby green spaces, a local favourite in humid Singapore.
Available Flats for Sale at 647 Hougang Avenue 8
Expect executive maisonettes (3 bedrooms, 3 baths) as the main flat type, ideal for families upgrading or right-sizing.[6] Recent resale prices hover around $650,000, based on a July 2020 transaction at $648,888 ($413 psf for 146 m²).[2][4][10]
Popular configs include high-floor, unblocked views facing parks or waterways. Current Hougang executive resale ranges: $600,000-$750,000, depending on condition and lease.[9] View HDB resale flats for sale near 647 Hougang Avenue 8 on Homejourney for verified listings.
Link to our 647 Hougang Avenue 8 HDB For Sale: Ultimate Hougang Resale Guide | Homejourney ">647 Hougang Avenue 8 HDB For Sale Guide for more details.
Why Invest in This Block: Location and Growth Drivers
Block 647 sits in District 19, close to Hougang MRT (Hougang Avenue 3 station, 10-15 min walk) and bus stops along Avenue 8. Amenities abound: Hougang Mall (groceries, dining) 1km away, Punggol Park for jogs, and hawker centres like 684 Hougang Ave 4 (5-min walk).
Schools within 1km support Priority Admission: e.g., Holy Innocents’ Primary. Strong community ties and low crime make it family-safe. Growth potential stems from Hougang's infrastructure upgrades and Punggol LRT extension, boosting connectivity.[9]
- Proximity perks: 800m to wet market, 1.2km to supermarkets.
- Future upside: Nearby Punggol Digital District may spill demand.
Read our 647 Hougang Ave 8 Amenities & Lifestyle Guide | Homejourney ">647 Hougang Ave 8 Amenities Guide.
HDB Resale Price Analysis and Trends
Last transacted in Jul 2020 at $648,888 ($413 psf), with prior sale in 2011 showing appreciation.[10] Hougang psf averages $500-$550 for executives; this block trades at a premium for its size and location.[2][4]
Over 5 years, Hougang HDB resale prices rose 15-20% amid demand (HDB data via data.gov.sg).[2] Factors boosting 647: 59-year lease allows full CPF use (min 20 years remaining post-2030), high floors add 5-10% value. Compare to nearby: similar blocks at $620k-$680k.
Disclaimer: Prices fluctuate; check HDB Resale Portal for latest. Link to 647 Hougang Ave 8 HDB Price Trends & Resale Guide | Homejourney ">647 Hougang Ave 8 Price Trends.
HDB Buyer Eligibility for Resale Flats
Singapore Citizens (SC), SC+PR, or PR+PR (after 3 years PR) can buy resale HDB. Form a valid family nucleus: couples, singles 35+ for 2-room Flexi (not main type here). No income ceiling unlike BTO.
Check Ethnic Integration Policy (EIP) and SPR quotas for Block 647 via HFE letter. First-timers get priority. HDB.gov.sg confirms eligibility rules.
Available HDB Grants: Up to $190,000
First-timers qualify for:
- CPF Housing Grant (CHG): Up to $80,000 for families.
- Enhanced CHG (EHG): Up to $80,000 (income-based, max $9,000/month).
- Proximity Housing Grant (PHG): $30,000 near parents/kids.
Multis: Family Grant $50,000. Total up to $190,000 cash/CPF. Eligibility: SC nucleus, first resale purchase. Verify at HDB InfoWEB; policies current as of 2026.
Financing Your Purchase
HDB Loan: 80% LTV, 2.6% fixed rate, ≤$14,000 household income. Downpayment: 20% (5% cash min).
Bank Loan: 75% LTV, ~3-4% variable, no ceiling. Use CPF OA fully (if ≥20 years lease left). E.g., $650k executive: ~$2,500-3,000/month (25-year tenure).
Check your HDB loan eligibility on Homejourney. Post-purchase, explore Aircon Services ">aircon services for maintenance.
Step-by-Step HDB Resale Buying Process
- Get HFE letter from HDB (free, online).
- Search verified listings on Homejourney property search.
- Negotiate, pay $1,000 Option Fee for OTP.
- Submit resale app to HDB (within 2 weeks).
- Valuation, financing, legal completion (8-12 weeks).
- Key collection!
Documents: NRIC, income proof, CPF statements. Schedule a viewing with an HDB specialist on Homejourney.
FAQ: 647 Hougang Avenue 8 HDB Investment
What is the growth potential of 647 Hougang Avenue 8?
Strong due to location, infrastructure, and 15-20% town appreciation; lease supports CPF.[9]
Are there 647 Hougang Avenue 8 flats for sale now?
Check live listings on Homejourney; executives ~$650k.[1]
Can PRs buy resale HDB here?
Yes, after 3 years, subject to quotas/EIP (HDB.gov.sg).
What grants apply for first-timers?
Up to $160,000 CHG+EHG + $30k PHG.
Is financing easy for this block?
Yes, 59-year lease qualifies full CPF/HDB loan.
Ready to invest? Browse 647 Hougang Avenue 8 for sale on Homejourney – your trusted partner for safe HDB transactions. Connect to our pillar: Hougang HDB Buying Guide: Loans & CPF at 647 Hougang Ave 8 | Homejourney ">Hougang HDB Buying Guide.
References
- Singapore Property Market Analysis 1 (2026)
- Singapore Property Market Analysis 2 (2026)
- Singapore Property Market Analysis 7 (2026)
- Singapore Property Market Analysis 5 (2026)
- Singapore Property Market Analysis 10 (2026)
- Singapore Property Market Analysis 6 (2026)
- Singapore Property Market Analysis 4 (2026)
- Singapore Property Market Analysis 9 (2026)
