242 Hougang Street 22 - 1 Units for Sale

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242 Hougang Street 22 – PropertyGuru Market Pulse Insights

Recent local search data from PropertyGuru spanning the past 30 days shows the development preserving market visibility among active seekers within the Hougang / Punggol / Sengkang area. This project remains a steady part of the regional browsing landscape, appearing consistently in filtered results for property seekers exploring established residential options.

Most-searched Units: 2-Bedroom

Popular preferences: Corner Unit, Balcony, Renovated, Tennis Court, Gym, Maidsroom, Air Conditioner, Private Pool

Pricing by Unit Types:

• 2-Bedroom Units:
  • Avg Asking Price: S$ 468K
  • Avg PSF: S$ 649 psf (58.31% lower compared to Hougang / Punggol / Sengkang average of S$ 1,557 psf)
  • Available Units: 1

Key Takeaway: Market demand indicators point strongly towards the 2-Bedroom configurations as the primary focus for those browsing this development. With only a single unit currently listed, the limited inventory suggests a highly selective opportunity for buyers seeking entry into the district at a significant value. The property is positioned at a substantial 58.31% discount on a per-square-foot basis relative to the broader Hougang / Punggol / Sengkang average. Such a pronounced price gap likely supports steady interest from budget-conscious seekers looking for localized affordability.

Location & Lifestyle Highlights — 242 Hougang Street 22 1100m (13 mins) to KOVAN MRT STATION — This station connects you directly to the North-East Line, making trips to the city center and Dhoby Ghaut very straightforward. Located in a mature residential pocket, 242 Hougang Street 22 offers a practical living environment where daily essentials and local food gems are all within a comfortable stroll. It is a functional home base that balances quiet neighborhood life with very strong bus connectivity for easy movement around the North-East region. Nearby hotspots: MRT Stations:

• DEFU MRT STATION (910m, 10-11 mins) — Future-ready transport link providing upcoming cross-island connectivity for residents.

Bus Stops (37 within 1 km):

• BLK 241 (82m, 1 min) — Extremely close stop for a quick hop onto local services right outside your door.
• OPP BLK 241 (223m, 2-3 mins) — Convenient access to opposite-direction routes for a hassle-free daily commute.

Education & Early Learning:

• SILK EDUCATION PTE. LTD. (197m, 2-3 mins) — Very nearby enrichment and learning center for young children.
• YUYING SECONDARY SCHOOL (524m, 6-7 mins) — Established neighborhood school within easy walking distance for students.
• XINGHUA PRIMARY SCHOOL (605m, 7-8 mins) — Reputable primary education option located conveniently close to home.

Healthcare & Wellness:

• DR CHAN CLINIC (672m, 8-9 mins) — Reliable local medical practice for general health consultations and family care.
• GYNAE HEALTH CLINIC FOR WOMEN (748m, 8-9 mins) — Specialized healthcare services for women available within the immediate neighborhood.
• HEALTHCARE MEDICAL KOVAN (843m, 10-11 mins) — Comprehensive medical facility providing a range of health services near the Kovan hub.

Shopping & Retail:

• SHENG SIONG (860m, 10-11 mins) — Popular supermarket for fresh produce and affordable household essentials.
• HEARTLAND MALL KOVAN (1070m, 12-13 mins) — Central shopping destination for fashion, lifestyle needs, and various retail services.
• FAIRPRICE (1161m, 13-14 mins) — Trusted grocery chain for a wide selection of daily supplies and international products.

Dining & Food:

• MOLLYS NONYA CONFECTIONARY (538m, 6-7 mins) — Local favorite for traditional snacks and authentic Peranakan treats.
• NAKHOM KITCHEN (642m, 7-8 mins) — Well-known spot for quality Thai cuisine that draws foodies from across the area.
• ALHUSSAIN RESTAURANT (633m, 7-8 mins) — Handy neighborhood eatery for quick, satisfying meals at any time of day.

Highly attractive for: Young Families, Urban Professionals, Investors

Market & Rental Insights

242 Hougang Street 22 demonstrates significant capital appreciation with a focus on rental market participation.

• PSF Appreciation:S$452 → S$576 over recent years (+27.43%) from 2023 - 2025.
• Transactions:6 rental transactions in the last 6 months, indicating modest rental activity.
• PG Pulse Insight: With a substantial PSF growth of 27.43% and modest rental activity, 242 Hougang Street 22 shows strong capital gains potential for existing owners.

Published date: November 2, 2026