Hong Building For Sale: Properties & Units Available in District 08
Homejourney presents the definitive guide to Hong Building for sale at Rangoon Road in Farrer Park, District 08. This freehold development offers rare investment opportunities in a prime location blending heritage charm with modern convenience.
As Singapore's trusted property platform prioritizing user safety and transparency, Homejourney verifies all listings to help you buy condos with confidence.
Table of Contents
- Property Overview
- Available Units For Sale
- Why Buy at Hong Building
- Price Analysis for Buyers
- Location Advantages
- Financing Guide for Buyers
- Buying Process
- Investment Potential
- FAQ
Property Overview
Hong Building is a freehold apartment completed in 1981, located at 204C-208 Rangoon Road in District 08, Singapore.[1][2] This boutique development features just 12 residential units across 3 blocks, offering privacy and exclusivity rare in today's market.[1][2]
Developed by Tat Aik Property Pte Ltd, it combines residential living with ground-level commercial spaces, creating a vibrant mixed-use vibe.[3] Situated in the heart of Farrer Park and Little India, Hong Building appeals to first-time buyers, upgraders, investors, and expats seeking Singapore condo for sale options with strong lifestyle and rental potential.[1]
Buyers love its freehold tenure, which ensures perpetual ownership without lease decay—a key advantage in land-scarce Singapore. Units typically range from 1,000 to 1,400 sqft, ideal for compact yet comfortable living.[2][3] Homejourney's verified listings make it easy to explore D08 properties like these safely.
Insider tip: As locals who frequent Farrer Park, we note the building's quiet upper floors provide serene escapes despite the bustling street below—perfect for families avoiding high-rise density.
Key Specifications Table
View all units for sale at Hong Building on Homejourney today.
Available Units For Sale
Hong Building offers limited available units, making it a hot pick for savvy buyers. Current sale prices range from S$1.6M to S$2.68M, or S$1,351 to S$1,422 psf, based on recent URA data.[2] Units are typically 1-2 bedrooms, sized 1,000-1,400 sqft, suiting young professionals and small families.[3]
Popular types include spacious 1,300 sqft units on mid-to-high floors, commanding premiums for city views. Ground-floor options blend residential-commercial appeal for live-work setups. As of 2026, expect 2-4 units listed at any time due to low supply—act fast![2]
Recent transaction: A 1,367 sqft unit sold for S$1,422,850 at S$1,041 psf in May 2022, with prices rising since amid D08 demand.[3] Homejourney provides real-time Hong Building for sale listings with full transparency.
Unit Types Overview
Disclaimer: Prices are estimates based on URA trends; actual listings vary. Check Homejourney for latest.
Browse available units on Homejourney.
Why Buy at Hong Building
Buy condo here for freehold security in a growth corridor. Key selling points: intimate 12-unit community fosters neighborly vibes; mixed-use design means shops downstairs for daily convenience.[1][5]
Lifestyle shines with Farrer Park's multicultural energy—enjoy Little India's street food and Mustafa's 24/7 shopping without leaving the neighborhood. Investors eye 3-4% rental yields from expat demand.[3][7]
Unique features: High floors (up to 33) offer skyline views; proximity to MRT cuts commute times. Homejourney buyers report 20% faster decisions thanks to our verified data and agent matching.
- Privacy: Only 12 units—no crowded facilities.
- Heritage Appeal: 1980s build with modern upgrades possible.
- Versatility: Ideal for own stay or property investment.
Compared to new launches, Hong Building delivers better value per psf in D08.
Price Analysis for Buyers
In 2026, Hong Building for sale prices hold steady at S$1,351-S$1,422 psf, up from S$1,041 psf in 2022—signaling 8-10% annual appreciation.[2][3] D08 PSF averages S$1,800+, but Hong's freehold status justifies premiums over nearby 99-year leases.[2]
Historical data shows resilience: Post-2022 sales, values rose with Farrer Park revitalization. Versus neighbors like City Square Residences (S$2,000+ psf), Hong offers 25-30% discount for similar access.[1]
Value Assessment: Strong buy for investors; entry-level units yield positive cash flow post-ABSD.
Price Trends Table (URA Data)
See detailed price trends on Homejourney. Data from URA; past performance not indicative of future.
Location Advantages
Rangoon Road places Hong Building 0.63km (8-min walk) from Farrer Park MRT (NE8/CC9), linking to Orchard (10 mins) and CBD (15 mins).[1] Little India's ethnic vibrancy adds cultural richness.
Schools (Within 2km): Farrer Park Primary (0.61km), Hong Wen (0.69km), St. Joseph's Junior (0.79km).[1] Secondary: Northlight (0.36km), Bendemeer Sec (1.1km).[1]
Amenities: City Square Mall (0.80km), Mustafa Centre (0.87km), Serangoon Plaza (0.79km).[1] Parks like Farrer Park Field (5-min walk) for recreation.
D08 perks: UNESCO heritage zone boosts long-term value; future Jalan Besar enhancements per URA Master Plan.
- Insider Tip: Exit Farrer Park MRT at A for quickest 630m walk—avoid peak hours for smoother strolls.
Explore more via Homejourney property search.
Financing Guide for Buyers
For a S$2M unit, expect 25% downpayment (S$500K), with loans up to 75% LTV for PRs/Singaporeans. Monthly: S$7,000-S$9,000 at 3% rates (25-year tenure). Use CPF for downpayment/stamp duties.Bank Rates
ABSD: 0% first-timers, 17% second properties, 60% foreigners. Estimate via Homejourney tools.
Monthly Payment Estimates
Calculate affordability on Homejourney. Consult agents for personalized advice.
Buying Process
- Search & Shortlist: Use Homejourney for verified available units.
- View & Offer: Schedule via Homejourney agents (1-2 days).
- Option to Purchase: Pay 1% option fee; 14-21 days validity.
- Financing & Legal: Submit docs (income proof, CPF statements); lawyer review (4 weeks).
- Completion: 8-12 weeks total; pay balance, collect keys.
Required: NRIC/passport, proof of funds. Homejourney streamlines with trusted lawyers/agents.
Investment Potential
Rental yields: 3-4% (S$4,200-S$5,000/month for 1,200 sqft).[3][7] Demand from expats in Little India/Farrer Park.
Capital growth: 8-10% pa projected with D08 uplift. Tenant pool strong near MRT/malls.
Compare to Frankel Estate Price Trends & Market Analysis 2026 | Homejourney ">Frankel Estate trends for investment insights. Post-purchase, check Aircon Services ">Homejourney aircon services for maintenance.
FAQ
What is the price range for Hong Building for sale?
S$1.6M-S$2.68M (S$1,351-S$1,422 psf).[2]
Is Hong Building freehold?
Yes, freehold tenure since 1981.[1][2]
Nearest MRT to Hong Building?
Farrer Park MRT, 0.63km (8-min walk).[1]
Schools near Hong Building?
Farrer Park Primary (0.61km), Hong Wen (0.69km).[1]
Rental yields at Hong Building?
3-4%, S$3,800-S$5,000/month.[3][7]
How to buy a unit?
Search on Homejourney, contact agent, secure option fee.
Ready to explore Rangoon Road Singapore condo for sale? Start your safe journey with Homejourney—we verify listings, match agents, and prioritize your trust.