Type

Units

Min Area

Price Range

Other

150 sqft

S$900/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$900.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$180 on this acquisition.
Located 7 min (570 m) from NE14 Hougang MRT Station.

Housing Grants & Financing

Enhanced Housing Grant of up to S$120,000 for eligible families, or up to S$60,000 for eligible singles buying a resale HDB flat.
Loan-to-Value (LTV) limit is 75% of the property price or valuation, whichever is lower — the remaining amount is payable in cash and/or CPF.
Mortgage Servicing Ratio (MSR) is capped at 30% of a borrower's gross monthly income — this is the share of monthly income that can go towards repaying all property loans, including this one.
Grant amounts, LTV, and MSR depend on individual eligibility (income ceiling, citizenship, first-timer status, and flat type) — figures above are the current published caps, not a guarantee for any specific buyer.

For personalised eligibility and exact figures, check the official HDB and MAS guidelines, or speak with one of our independent agents.

Price Trends & Rental Yield

Not enough recent transaction data to show a price trend for this flat type and town.

Interested in this property?

Send a quick enquiry our Singapore Property team will reach out within 24 hours.

358 Hougang Avenue 5: A Mature HDB Development in the Heart of Hougang

358 Hougang Avenue 5 stands as an established public housing development in one of Singapore's most desirable residential neighbourhoods. Located on Hougang Avenue 5, this HDB flat development benefits from its proximity to essential transport infrastructure, retail precincts, and community facilities that have made Hougang a consistently attractive choice for families, professionals, and investors alike.

Strategic Location and Transport Connectivity

The development enjoys outstanding accessibility to the broader island thanks to its positioning just 570 metres—approximately a 7-minute walk—from NE14 Hougang MRT Station. This proximity to the North-East Line provides residents with direct connections to the city centre and other key districts across Singapore, making the commute to employment hubs straightforward and convenient. The excellent train connectivity has historically supported robust demand and rental appeal across properties in this location, as working professionals prioritise neighbourhoods that minimise travel time and maximise work-life balance.

Neighbourhood Profile and Local Amenities

Hougang is a mature estate characterised by its blend of residential calm and urban convenience. The surrounding area hosts a full spectrum of amenities that cater to daily living needs and lifestyle preferences. Shopping is well-served by nearby centres, whilst schools at primary and secondary levels are within reasonable distances, making the neighbourhood particularly appealing to young families planning long-term residence. The precinct also features established hawker centres and recreational facilities, contributing to a complete living ecosystem that extends beyond the mere provision of a roof overhead.

HDB Flat Investment Profile

HDB flats in mature estates near major MRT stations have consistently demonstrated resilience in the secondary market. Properties at 358 Hougang Avenue 5 attract a diverse buyer pool, spanning first-time purchasers stepping onto the property ladder, upgraders seeking additional space or a change of neighbourhood, and investors pursuing rental income streams. The flat structure and typical floor plans of this development support straightforward property management and maintenance, with centralised HDB-managed facilities reducing individual unit owner responsibilities. For investors, the rental market in this location has historically delivered competitive yields, supported by the neighbourhood's employment accessibility and family-friendly credentials.

Pricing and Market Dynamics

The development trades within market parameters reflective of its maturity, transport connectivity, and established neighbourhood status. Pricing dynamics are influenced by various factors including unit size, floor level, remaining lease period, and the current state of residential demand across the broader HDB market. Prospective buyers considering this development should engage with recent comparable transaction data within Hougang to contextualise value expectations. The rental market has generally performed well given the MRT proximity and neighbourhood amenities, making the development suitable for buyers with a medium to long-term holding horizon.

Lease Tenure and Resale Considerations

As with all HDB properties, lease tenure is a critical consideration for both owner-occupiers and investors. The remaining lease on units at 358 Hougang Avenue 5 will vary depending on the individual property's purchase year and any previous ownership history. Singapore HDB leases are structured for either 99 years or 999 years from the point of first assignment. Buyers should verify the exact lease remaining on their target unit, as this directly impacts both immediate financing eligibility and long-term resale value. HDB has implemented schemes to allow lease upgrading, but the associated costs and eligibility criteria should be thoroughly understood before purchase commitment.

Suitability for Different Buyer Profiles

First-time buyers benefit from HDB's lower entry price points relative to private condominiums, combined with robust lending facilities designed to support owner-occupiers. The Hougang location offers good value relative to more central districts whilst maintaining strong transport connectivity. Upgraders moving from smaller units or other estates will find that 358 Hougang Avenue 5 offers the established neighbourhood credentials and amenity density they typically seek. Investors are attracted by the rental yield potential, the lower absolute capital requirement compared to private properties, and the relative stability of the HDB secondary market. High-net-worth individuals may consider the development as part of a diversified residential portfolio, though their investment criteria often extend beyond this neighbourhood alone.

Financing and Affordability

HDB flat purchases in Singapore benefit from dedicated loan schemes with favourable terms designed to support resident ownership. The Total Debt Service Ratio (TDSR) framework typically permits borrowers to commit up to 60% of gross monthly income to debt servicing, which includes both the HDB loan and any other outstanding obligations. At typical price points for this development, most employed Singaporean citizens will find financing accessible through standard HDB channels, though exact borrowing capacity will depend on individual income levels and existing financial commitments. First-time buyers may benefit from additional grants and subsidies administered through various government schemes, further improving affordability.

Comparative Market Position

Hougang's HDB stock ranks among the older but well-maintained cohorts within Singapore's public housing portfolio, having been progressively developed and upgraded over decades. Competing developments in the broader Hougang area and adjacent neighbourhoods such as Sengkang and Punggol offer similar transport connectivity and amenity profiles. Buyers comparing 358 Hougang Avenue 5 with nearby alternatives should consider factors such as exact MRT walking distance, unit sizes, block configuration, and estate management standards. The North-East Line's extensive coverage means that residents benefit from a wide choice of alternative locations should they wish to explore options before committing.

Future Supply and Market Trajectory

The Build-to-Order (BTO) programme continues to release new HDB flats in Hougang and surrounding areas, which may influence longer-term demand dynamics and pricing trajectories for resale properties. Understanding the pipeline of new supply in the district allows investors and owner-occupiers to position their purchase decisions strategically. Mature estates with established MRT connectivity tend to maintain steady demand from upgraders and investors, even as new supply enters the market. The Hougang precinct's maturity and comprehensive infrastructure make it likely to sustain its appeal across market cycles, supporting the investment thesis for properties at 358 Hougang Avenue 5.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at 358 Hougang Avenue 5 as an investment?

HDB flats in mature estates near major MRT stations, such as this development 7 minutes from Hougang MRT, have historically delivered rental yields in the range of 3.5% to 5% per annum, depending on unit size and prevailing rental market conditions. The North-East Line's convenient access to employment clusters and the neighbourhood's established family-friendly profile support consistent tenant demand. Investors should research recent rental transactions for comparable units within the same block or nearby blocks to refine yield projections, as individual rental rates vary with unit configuration, floor level, and overall condition. Market-wide yield compression in recent years means that careful tenant selection and property maintenance become increasingly important to maximise returns.

How does the pricing per square foot compare to recent HDB transactions in Hougang?

HDB pricing in Hougang varies significantly by block, lease remaining, and unit size, with per-square-foot rates typically reflecting the estate's maturity and MRT accessibility. Recent transactions across the wider Hougang area have ranged broadly depending on these variables, and 358 Hougang Avenue 5 must be benchmarked against specific block-level comparable sales within the past 3-6 months to determine relative value. Older blocks with the same MRT proximity may trade at lower per-square-foot rates than newer or upgraded blocks, whilst units with longer remaining leases command premiums. Prospective buyers should consult transaction data through HDB's resale portal and engage with market specialists to contextualise pricing for their specific target unit before negotiating an offer.

What Additional Buyer's Stamp Duty (ABSD) do I pay if this is my second residential property?

Singapore Citizens purchasing a second residential property—whether HDB or private—are subject to Additional Buyer's Stamp Duty at a rate of 20% on the purchase price, effective from 2023 onwards. This additional duty is payable in addition to the standard Buyer's Stamp Duty and all other conveyancing costs, materially increasing the total acquisition cost. For example, on a purchase price of S$400,000, the ABSD would amount to S$80,000, requiring careful cash-flow and financing planning. Upgraders or investors with existing residential property ownership should factor this 20% ABSD into their budgeting and consider its impact on overall return on investment or the true cost of upgrading.

How does lease decay affect resale value and financing for units at this development?

HDB leases in Singapore are structured for either 99 years or 999 years from the first assignment date, and the remaining lease duration directly impacts both the property's market value and a buyer's ability to secure financing. As leases decay—particularly as they fall below 60 years—banks typically tighten lending criteria and may reduce loan-to-value ratios, making financing more challenging for subsequent buyers. A unit at 358 Hougang Avenue 5 with significantly eroded remaining lease (for example, fewer than 70 years) will experience measurable depreciation compared to identical units with longer leases, as the property becomes progressively harder to finance and less attractive to a broad buyer pool. HDB offers lease upgrading schemes to extend the lease period, but these involve substantial costs and time commitments that should be factored into long-term ownership planning.

How does proximity to Hougang MRT Station influence demand and capital appreciation at 358 Hougang Avenue 5?

Proximity to a major MRT station is one of the most significant drivers of demand and long-term capital appreciation in Singapore's HDB resale market, and 358 Hougang Avenue 5's position just 7 minutes' walk from NE14 Hougang MRT is a material advantage. Properties within this walking distance typically command stronger demand than those requiring 15+ minutes to reach the station, translating to faster sales cycles, lower discounting pressure, and more resilient prices across market cycles. The North-East Line's connections to the city centre and other employment clusters ensure consistent demand from commuting professionals and families, supporting sustained rental appeal and capital growth. Historical data suggests that HDB flats within 10 minutes of major MRT stations in established estates have outperformed those further away, making transport proximity a critical factor in property appreciation trajectories.

Is 358 Hougang Avenue 5 suitable for first-time buyers, upgraders, and investors?

This development appeals to all three buyer segments for distinct reasons. First-time buyers benefit from HDB's lower entry costs, dedicated government grants, and accessible financing schemes compared to the private market, making Hougang's established neighbourhood and MRT connectivity an excellent foundation for long-term ownership. Upgraders seeking additional space or a change of neighbourhood find the Hougang location offers good value relative to more central districts whilst maintaining transport convenience and neighbourhood amenities. Investors are attracted by the rental yield potential, the stable demand base supported by MRT accessibility, and the relative stability of HDB secondary markets compared to private properties. Each segment should align their purchase objectives—owner-occupation, medium-term appreciation, or active rental income—with their holding horizon and capital requirements.

What financing headroom should I expect at typical price points, and how do TDSR limits affect borrowing capacity?

HDB flat purchasers at 358 Hougang Avenue 5 benefit from TDSR (Total Debt Service Ratio) limits that permit debt commitments up to 60% of gross monthly income, including the HDB loan and all other outstanding obligations. At a typical unit price of around S$400,000-S$450,000 and assuming current HDB loan interest rates (typically 2.6% per annum), a buyer earning S$5,000 monthly would find financing readily accessible through standard HDB schemes, though exact borrowing capacity requires individual assessment. First-time buyers may have access to additional concessionary terms and grants that improve net financing costs. Prospective purchasers should obtain a pre-approval letter from HDB and review their own income documentation carefully, as self-employed individuals and those with variable income face stricter assessment criteria than salaried employees.

How does 358 Hougang Avenue 5 compare to competing HDB developments in the broader Hougang and Sengkang area?

Hougang and adjacent Sengkang host multiple HDB developments of varying ages and lease tenures, with competition centred on factors such as exact MRT walking distance, unit sizes, block configuration, and overall estate condition and upgrading status. Developments directly adjacent to or very close to Hougang MRT may command slight premiums over those requiring longer walks, whilst newer Sengkang blocks may appeal to buyers prioritising modern finishes over the proven resale depth of older Hougang stock. The North-East Line's extensive coverage means that residents have flexibility to explore alternative locations before committing, so competitive pricing and unit appeal are important differentiators. 358 Hougang Avenue 5's maturity and established track record in the resale market provide stability and depth of potential buyer pools, though newer or recently upgraded blocks in the area may offer more modern specifications.

Which unit stack or floor level typically offers the best value at this development?

In HDB developments, the most desirable units—typically mid-to-upper floors with good natural light and lower lift dependency—tend to command premiums over lower floors and very high levels that may experience stronger wind or traffic noise. Ground and first-floor units often trade at discounts despite operational conveniences, as many buyers prioritise privacy and light. Mid-level units (floors 5-15) often represent good value, offering acceptable views and lift accessibility without the premium demanded of high-floor apartments. Within 358 Hougang Avenue 5, prospective purchasers should inspect specific unit stacks to assess natural light, ventilation, privacy relative to communal areas, and proximity to lift lobbies and common facilities. Units facing quieter sides of the block or with lower traffic density typically retain value more effectively over longer holding periods.

What is the future supply outlook for HDB flats in Hougang, and how might this affect property values?

The Build-to-Order (BTO) programme continues to release new HDB flats in Hougang and surrounding districts, including Punggol and Sengkang, which gradually adds new housing supply to the broader North-East precinct. Whilst new supply can moderate pricing in newer blocks, mature established estates like Hougang tend to maintain steady demand from upgraders and investors seeking proven resale depth and neighbourhood stability. The proximity to Hougang MRT ensures that 358 Hougang Avenue 5 remains competitive even as new supply enters adjacent areas, as the transport accessibility remains a fundamental advantage. Long-term property appreciation in mature estates is typically moderated relative to newer developments, but resale velocity and buyer pool depth tend to be stronger, making them suitable for investors seeking liquidity alongside capital growth. Understanding the BTO pipeline helps contextualise expectations for this development's positioning within the broader market cycle.

[For Rent] Hdb Flat At 358 Hougang Avenue 5 — From S$900