247 Hougang Avenue 3 - 2 Units for Sale

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247 Hougang Avenue 3 – PropertyGuru Market Pulse Insights

The development continues to register in local property searches without dropping out of view, according to PropertyGuru's 30-day search trends for the Hougang / Punggol / Sengkang area. This consistent presence in recent browsing activity suggests it remains a relevant option for property seekers evaluating the local HDB market.

Most-searched Units: 3-Bedroom

Popular preferences: Balcony, Corner Unit, Tennis Court, Gym, Renovated, Maidsroom, Bathtub

Pricing by Unit Types:

• 2-Bedroom Units:
  • Avg Asking Price: S$ 470K
  • Avg PSF: S$ 615 psf (59.68% lower compared to Hougang / Punggol / Sengkang average of S$ 1,526 psf)
  • Available Units: 1
• 5+ Bedroom Units:
  • Avg Asking Price: S$ 7.79M
  • Avg PSF: S$ 1,502 psf (38.59% lower compared to Hougang / Punggol / Sengkang average of S$ 2,446 psf)
  • Available Units: 1

Key Takeaway: Market demand indicators point strongly towards 3-Bedroom configurations as the preferred choice for those browsing this development. With only single units available in the 2-bedroom and 5+ bedroom categories, the current inventory profile represents a highly segmented supply. Overall pricing remains positioned at a significant discount relative to the broader district average, offering a competitive entry point for the area. This combination of high-demand layout preferences and attractive per-square-foot valuations likely supports steady interest from value-conscious buyers.

Location & Lifestyle Highlights — 247 Hougang Avenue 3 1240m (15 mins) to KOVAN MRT STATION — Direct access to the North East Line makes for a straightforward commute to the city and major shopping hubs. This property offers a practical and efficient living space in a mature residential area, designed for those who value a straightforward, modern lifestyle. The location balances quiet residential living with the convenience of having essential transport and daily services right at your doorstep. Nearby hotspots: MRT Stations:

• DEFU MRT STATION (820m, 9-10 mins) — A nearby option for residents looking for efficient rail links to the rest of the island.

Bus Stops (31 within 1 km):

• BLK 248 (213m, 2-3 mins) — Just a short walk away, providing very easy access to the local bus network for daily travel.
• OPP BLK 248 (261m, 3-4 mins) — Conveniently located for residents returning home or heading out to nearby estates.

Education & Early Learning:

• BRAINY BUNCH INTERNATIONAL MONTESSORI (11m, 1 min) — Practically on the doorstep, making the morning school run incredibly fast for young families.
• SILK EDUCATION PTE. LTD. (11m, 1 min) — Immediate proximity to learning facilities offers great peace of mind for parents.
• XINGHUA PRIMARY SCHOOL (935m, 11-12 mins) — A reputable primary education option within walking distance for school-aged children.

Healthcare & Wellness:

• UNITY (749m, 8-9 mins) — Handy for quick access to pharmacy needs and healthcare essentials.
• DR CHAN CLINIC (1045m, 12-13 mins) — Reliable medical consultation services located within the neighborhood for peace of mind.
• GYNAE HEALTH CLINIC FOR WOMEN (1070m, 12-13 mins) — Specialized healthcare services available nearby for women's wellness.

Shopping & Retail:

• SHENG SIONG (781m, 9-10 mins) — A great spot for affordable grocery shopping and picking up fresh household supplies.
• HEARTLAND MALL KOVAN (1289m, 15-16 mins) — A popular local mall offering a variety of retail shops, services, and amenities.
• NTUC FAIRPRICE FINEST - HOUGANG STREET 21 (1599m, 19-20 mins) — Provides a premium selection of groceries and international products for the weekly shop.

Dining & Food:

• WINGSTOP (673m, 8-9 mins) — A convenient choice for a quick meal or casual dining with friends and family.
• KOUFU (718m, 8-9 mins) — Offers a wide range of local food options in a comfortable food court setting.
• FLASH COFFEE (775m, 9-10 mins) — Perfect for grabbing a quick caffeine fix on the way to work or during the weekend.

Convenience Stores:

• 7-ELEVEN (1187m, 14-15 mins) — Reliable 24-hour access for last-minute snacks or emergency household items.
• CHEERS (1221m, 14-15 mins) — Another handy option for quick purchases and daily essentials near the transport hub.

Highly attractive for: Young Families, Urban Professionals, Investors, First-time Buyers

Market & Rental Insights

247 Hougang Avenue 3 demonstrates significant capital appreciation alongside a robust rental profile.

• PSF Appreciation: S$534 → S$649 over recent years (+21.54%) from 2023 - 2025.
• Expected Rental Yield: At 6.92%, this project offers a strong return for investors.
• Transactions: There were 4 rental transactions in the last 6 months, indicating modest rental activity.
• PG Pulse Insight: With a strong rental yield of 6.92% and substantial PSF growth of 21.54%, 247 Hougang Avenue 3 presents a high-performing investment profile despite modest rental volume.

Published date: May 25, 2026