Type

Units

Min Area

Price Range

4 BR

1593 sqft

S$1.3M

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$1.3M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$266K on this acquisition.
Located 8 min (670 m) from NE13 Kovan 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.

222 Hougang Street 21: Spacious HDB Living in Mature Hougang

222 Hougang Street 21 represents a compelling housing opportunity within one of Singapore's most established residential districts. Located in the heart of Hougang, this development comprises multi-bedroom HDB units designed to serve families and investors seeking stability, connectivity, and value in a proven neighbourhood. The project sits in a zone renowned for mature infrastructure, strong community amenities, and reliable long-term resale demand.

The units at 222 Hougang Street 21 offer generous proportions, with many configurations providing four bedrooms and multiple bathrooms across approximately 1,600 square feet of living space. This scale positions the development as an attractive option for multigenerational families or buyers looking to upgrade from smaller units. The contemporary internal layouts reflect modern living standards whilst maintaining the practical design principles that have made HDB flats enduringly popular across Singapore's property market.

Connectivity and Location Advantage

A defining feature of 222 Hougang Street 21 is its proximity to Kovan MRT Station on the North-East Line, situated approximately 670 metres away—roughly an eight-minute walk. This positioning delivers direct and rapid access to key employment nodes, educational institutions, and entertainment hubs across the island. Residents benefit from seamless connectivity to the city centre, the East Coast corridor, and suburban expansion areas, making the development suitable for professionals, students, and families with varied commute patterns.

The North-East Line itself has established a strong track record of supporting property values and rental demand in surrounding areas. Proximity to an MRT station has consistently correlated with lower vacancy rates, sustained capital appreciation, and resilience during property market cycles. Kovan's position on this line ensures that units at 222 Hougang Street 21 remain accessible to a broad spectrum of potential occupants and investors.

Neighbourhood Character and Amenities

Hougang is a mature estate with four decades of development history, resulting in a comprehensive ecosystem of schools, healthcare facilities, shopping centres, and recreational spaces. Residents of 222 Hougang Street 21 enjoy proximity to established primary and secondary schools, making the area particularly appealing to families with children. The neighbourhood also features well-maintained community centres, sports facilities, and hawker centres that contribute to a self-contained and vibrant residential environment.

The maturity of Hougang carries a secondary advantage: property transactions in the area are frequent and well-documented, creating transparency in valuation benchmarks and rental comparables. This depth of market data supports informed purchasing decisions and provides confidence to both owner-occupiers and investors regarding future resale prospects and yield potential.

Property Features and Layout

Units within 222 Hougang Street 21 are configured with multiple bedrooms and bathrooms, catering to families requiring substantial living accommodation. The approximately 1,600-square-foot floor plates allow for flexible use—whether as principal residences for large households, investment properties targeting the family rental market, or multi-generational homes where extended family members share living costs. The four-bedroom format remains consistently in demand across Singapore's HDB market, reflecting enduring preference for spacious, adaptable housing.

The development's status as an HDB property also means residents benefit from established estate management, reliable maintenance standards, and transparent governance structures overseen by the Housing and Development Board. HDB flats have historically demonstrated steady capital appreciation over medium to long-term holding periods, particularly in well-connected, mature estates such as Hougang.

Investment Perspective and Market Position

From an investment standpoint, 222 Hougang Street 21 occupies a compelling position within Singapore's residential property spectrum. HDB flats in mature estates with strong MRT connectivity command robust rental demand, particularly from upgraders, young professionals, and expatriate families. The four-bedroom configuration appeals specifically to tenants seeking family-sized accommodation without the maintenance burden and higher price point of private condominiums.

Current pricing from approximately S$1.33 million reflects fair market value for well-located HDB stock of this size and specification. This price point remains substantially below comparable private residential options, creating relative value for purchasers. The broad affordability compared to private housing also expands the pool of potential buyers and tenants, supporting both resale liquidity and rental yield potential.

Buyer Suitability and Use Cases

222 Hougang Street 21 serves multiple buyer personas effectively. First-time upgraders moving from smaller two or three-bedroom units will appreciate the additional space and enhanced amenities at a price point that remains accessible to many households. Families with multiple children benefit from the bedroom count and neighbourhood's educational reputation. Investors pursuing rental yield can target the consistent demand from tenants seeking large family units in accessible locations. Empty-nesters seeking to right-size from large private homes appreciate the lower maintenance demands and full connectivity of an established HDB estate.

The development's Hougang location also appeals to buyers with strong familial or professional ties to the East or Central regions of the island, where commute times from this address remain competitive relative to other mature estates offering comparable unit sizes.

Market Outlook and Long-Term Demand

HDB properties in well-connected mature estates have demonstrated consistent resilience throughout property cycles. Hougang's established character, comprehensive infrastructure, and proven desirability among multi-generational Singapore families create a stable foundation for long-term value preservation. The neighbourhood continues to attract new residents seeking affordable, well-connected housing, whilst existing occupants demonstrate strong retention rates—indicators of a healthy, sustainable residential market.

The supply of large four-bedroom HDB units in prime locations remains finite, as the majority of new HDB construction increasingly focuses on smaller unit types to maximise housing throughput. This relative scarcity supports pricing stability and resale demand for established stock like 222 Hougang Street 21, where buyers can acquire generous living space in a fully developed, fully matured neighbourhood.

Frequently Asked Questions

What rental yield might I expect if I purchase a unit at 222 Hougang Street 21 as an investment property?

Four-bedroom HDB units in Hougang typically command monthly rents ranging from S$3,200 to S$4,200 depending on floor level, unit orientation, and renovation standard, translating to gross rental yields of approximately 2.9% to 3.8% annually on purchase prices in the S$1.3M to S$1.4M range. Hougang's mature infrastructure and proximity to Kovan MRT create consistent demand from families and upgraders seeking spacious rental accommodation without the premium pricing of private condominiums. The relatively stable tenant base in established HDB estates, combined with lower vacancy rates compared to newer developments, provides reliable income streams that appeal to conservative investors focused on capital preservation with modest yield enhancement.

How does the per-square-foot pricing at 222 Hougang Street 21 compare to recent HDB transactions in Hougang?

Units at 222 Hougang Street 21, priced around S$1.33 million for approximately 1,593 square feet, represent a price-per-square-foot of roughly S$835 to S$840—a level broadly consistent with recent four-bedroom HDB transactions in Hougang recorded over the past six to nine months. Compared to private condominium alternatives offering comparable space and connectivity, these units deliver substantial value; private residences near Kovan typically trade at S$1,400 to S$1,800 per square foot. The pricing reflects the stable, mature character of the neighbourhood, with HDB stock in Hougang generally trading at modest premiums to outer mature estates but at meaningful discounts to prime central or fringe areas.

What Additional Buyer's Stamp Duty (ABSD) would I pay as a Singapore Citizen purchasing a second residential property at 222 Hougang Street 21?

Singapore Citizens acquiring a second residential property are subject to Additional Buyer's Stamp Duty at the rate of 20% on the purchase price above S$180,000. On a unit priced at S$1.33 million, this equates to ABSD payable on S$1.15 million, resulting in a duty charge of approximately S$230,000 in addition to the standard Buyer's Stamp Duty of 4% on the first S$180,000 and 8% on amounts between S$180,001 and S$1.33 million. This substantial ABSD cost must be factored into total acquisition expenses and return-on-investment calculations for investor purchasers; many investors structure purchases carefully to optimise financing and timing, or consider whether rental yield adequately compensates for this significant upfront duty burden.

As an HDB leasehold property, how does lease decay affect the resale value and financing of 222 Hougang Street 21?

222 Hougang Street 21 is an HDB property, which in Singapore context refers to properties with either 99-year or 999-year leasehold tenure; the specific tenure for this development should be verified with current listing details. Properties with 99-year leases will eventually experience diminishing resale value as the lease decays, particularly after the property reaches approximately 60–70 years of age, when buyers and lenders begin to perceive meaningful residual value risk. HDB has historically offered lease renewal or upgrade schemes, though these remain subject to policy changes and government discretion. Purchasers should investigate the current lease tenure and expected depreciation profile; older HDB blocks may face steeper haircuts from rental yields and resale prices as remaining lease terms shorten, making the age and lease structure of 222 Hougang Street 21 important evaluation criteria.

How does proximity to Kovan MRT Station influence demand and capital appreciation for units at 222 Hougang Street 21?

Properties situated within 10 minutes' walk of MRT stations consistently command 5% to 15% premiums over equivalent units in the same estate located further from transit, reflecting buyer and tenant preference for time-efficient commuting and broader accessibility. Kovan MRT Station's position on the North-East Line ensures 222 Hougang Street 21 residents can reach the Central Business District, Tampines, and other major employment nodes rapidly, reducing transport costs and time expenditure for commuters. This connectivity advantage supports both rental demand and resale liquidity; properties at this distance from established MRT stations have demonstrated more resilient price appreciation during market downturns and enjoy faster absorption when listed, making the development's 670-metre separation from Kovan a substantial material advantage.

Which buyer profiles are best suited to purchasing at 222 Hougang Street 21?

Upgraders moving from two or three-bedroom units to larger family accommodation represent a primary buyer cohort at 222 Hougang Street 21, as the four-bedroom format, established neighbourhood, and price point align with typical upgrade budgets for households earning S$10,000–S$18,000 monthly. Families with multiple children, particularly those with school-age offspring, benefit from Hougang's educational infrastructure and child-friendly amenities, making this demographic a consistent end-user base. Investor-landlords focused on stable, long-duration rental yield find four-bedroom HDB units attractive, as the supply is finite and demand from tenant families remains robust. Empty-nesters seeking to right-size from large private homes appreciate the lower maintenance burden, full municipal services, and established community of an HDB estate. Young professional couples or extended families willing to co-purchase also find value in the spacious layout and moderate price relative to private alternatives.

What is my Total Debt Servicing Ratio (TDSR) and financing headroom when purchasing at 222 Hougang Street 21?

Under current MAS guidelines, TDSR is capped at 60% of gross monthly income for HDB-financed purchases and 55% for bank-financed mortgages. On a unit priced at S$1.33 million with a 25-year loan at approximately 3.5% interest, monthly mortgage instalment would be approximately S$5,950; accounting for property taxes, insurance, and maintenance, total monthly debt service reaches roughly S$6,500–S$6,800. This implies a minimum household income of approximately S$11,000–S$12,300 required to remain comfortably within TDSR limits with no other significant debt. Purchasers with existing car loans, personal loans, or credit card commitments will require correspondingly higher incomes to qualify for full loan quantum, whilst those with minimal other liabilities enjoy greater flexibility in loan size and purchasing power. First-time HDB buyers benefit from HDB concessional loan rates (typically 0.1% below banks), improving affordability relative to private property purchases at similar price points.

How does 222 Hougang Street 21 compare to competing HDB developments in the Hougang area?

Hougang estate contains multiple HDB blocks built across different decades, creating variation in design, condition, maintenance standards, and residual lease tenure; 222 Hougang Street 21 competes directly with blocks such as 222A, 225, 230, and other nearby units within the Hougang precinct. Older blocks (pre-1990s) may offer similar pricing but with potentially steeper lease decay, whilst newer blocks (post-2000s) command premiums reflecting modern finishes and longer residual leases. 222 Hougang Street 21's specific positioning within this competitive landscape depends on its construction age, renovation status, and lease tenure; blocks situated closer to Kovan MRT or with superior vistas command modest premiums. Compared to HDB developments in outer mature estates such as Bedok, Tampines, or Choa Chu Kang, Hougang generally trades at stable or slight premium valuations, reflecting its Central location and superior connectivity; however, compared to fringe or prime estates such as Thomson, Bukit Timah, or Jurong West, Hougang represents substantially better value for money.

Are certain unit stacks or floor levels at 222 Hougang Street 21 better value than others?

Lower-floor units (levels 1–5) typically attract 3% to 8% discounts relative to mid-floor units (levels 8–15) due to privacy concerns, reduced natural light, and perceived security; however, these units appeal to families with young children, elderly occupants, or those averse to high-rise living, creating niche demand that can offset the discount. Mid-floor units enjoy optimal natural lighting, structural integrity, and represent the optimal balance of price and liveability for most families. High-floor units (levels 16+) command 5% to 12% premiums for superior views, enhanced privacy, and perceived prestige, though these premiums vary substantially based on orientation and surrounding vistas. Units with East or South-facing orientations typically command slight premiums (2% to 5%) relative to West-facing or North-facing units, reflecting better natural lighting and lower afternoon heat gain. Buyers prioritising investment yield should focus on mid-floor, East-facing units offering broad tenant appeal; those purchasing for personal use may accept slight discounts on less-premium floor levels if other layout or pricing factors align with their preferences.

What is the future supply pipeline in Hougang and nearby areas, and how might this affect property values at 222 Hougang Street 21?

Singapore's HDB future supply pipeline emphasises smaller unit types (one, two, and three-bedroom flats) over large family units, as policy prioritises housing throughput and affordability for first-time buyers. Four-bedroom HDB units in mature estates like Hougang are increasingly scarce, with limited new supply expected in the Hougang or immediate surrounding precincts over the next 5–10 years. This relative supply scarcity supports price stability and rental demand for existing four-bedroom stock, as the pool of available large units diminishes relative to the population seeking such accommodation. Nearby areas such as Sengkang and Punggol continue to receive new HDB development, but these are predominantly smaller units; whilst this creates some competitive pressure for upgraders willing to relocate further from the city, it simultaneously reduces direct supply competition for large Hougang units. Mature estate properties with limited new competing supply historically demonstrate more resilient capital preservation and slower but steadier appreciation, making 222 Hougang Street 21's position in an established, densely-developed area a potential long-term advantage.

What are the key factors I should verify before purchasing a unit at 222 Hougang Street 21?

Critical due diligence items include confirmation of the exact lease tenure (99-year or 999-year) and the year of expiry or first renewal date, as this directly impacts future financing availability and resale value trajectory. Verify the unit's renovation or upgrade status and any defects recorded with HDB, as these can materially affect valuation and saleability; request the official HDB property condition report if available. Confirm that no future large-scale estate enhancement works or management restructuring is planned, as these can trigger temporary disruptions or unforeseen cost increases for residents. Inspect the unit and common areas personally to assess maintenance standards, lift functionality, and general estate condition—visual inspection often reveals information not captured in official records. Finally, engage a property lawyer to conduct a comprehensive title search and verify that the seller possesses clear, unencumbered ownership; this step protects against disputes, hidden liabilities, or non-compliance issues that could impede your own future resale or financing.

Hdb Flat At 222 Hougang Street 21 — From S$1.3M