Predictive Property

PropertyCorridors

PREDICTIVE PROPERTY: 2 HONG LEE PLACE

ML Indicative Values

ML Indicative Value: $7,857,800 [ (1,909 psf * 3,672 sqft) + $848,000 BCA Capital Expenditure ]
Gross Indicative Capital Gain Today: $3,757,800
Net Indicative Capital Gain Today: $2,909,800
No listing data available.
Probable Settlement Price
0

Transaction Info

Transaction Amount $4,100,000
PSF $1,117
Last Transaction 07-Jul-2021

Property Details

Land Area3,672 sqft (Area from ura.gov.sg)
TenureFreehold
Property TypeTerrace House

Location

Postal Code548846
District19
Area NameLEITH PARK

Planning Info

Planning AreaHougang
Planning RegionNorth East Region
Planning SubzoneKovan

Land Registry

Mukim NumberMK22-09448V
Balance Lease999 Years
House TypeTerrace House

Regulatory

BCA InformationModification Before Sale
BCA Total Cost $848,000
Planning DecisionYES

Past Sale Transactions

No. Transaction Date Purchased Price PSF Area (Sqft) Sale Type House Type Source
1 30-Sep-1996 $2,400,000 $445 5,393 Resale Terrace House URA
2 22-Apr-2002 $1,600,000 $297 5,396 Resale Terrace House URA
3 02-Jul-2007 $1,880,000 $348 5,396 Resale Terrace House URA
4 03-Sep-2009 $2,310,000 $428 5,396 Resale Terrace House URA
5 23-Sep-2010 $2,810,000 $763 3,684 New Sale Terrace House URA
6 07-Jul-2021 $4,100,000 $1,117 3,672 Resale Terrace House URA

Past Rental Transactions (Last 3 Years)

No rental transactions found.

Maps

1995

Start of SLA Digital Journey

House TypeTerrace House
TenureFreehold
Area3,672 sqft
30-Sep-1996

Resale

Purchased Price$2,400,000
PSF$445
Area5,393 sqft
22-Apr-2002

Resale

Purchased Price$1,600,000
PSF$297
Area5,396 sqft
02-Jul-2007

Resale

Purchased Price$1,880,000
PSF$348
Area5,396 sqft
03-Sep-2009

Resale

Purchased Price$2,310,000
PSF$428
Area5,396 sqft
21-Jan-2010

Planning Decision

SubmissionPROPOSED ERECTION OF A 3-STOREY CORNER TERRACE HOUSE AND ADDITION & ALTERATION TO AN EXISTING TERRACE HOUSE
Decision Date21-Jan-2010
Decision TypeWritten Permission
Apply TypeNew Erection
Decision NoP231209-05G2-Z000
01-Mar-2010

Permits to Commence Structural Works

Date01-Mar-2010
DescriptionERECTION OF A 3STY CORNER TERRACE HSE & A/A TO AN EXTG TERRACE HSE ON LOT6897X MK22 @ 2 HONG LEE PLACE
Cost Less than S$10m
BuilderDYNAMICWERKZ PTE. LTD.
ArchitectLKS ARCHITECTS & PLANNERS
12-Mar-2010

Planning Decision

SubmissionPROPOSED AMENDMENT TO APPROVED ERECTION OF A 3-STOREY CORNER TERRACE HOUSE AND ADDITION & ALTERATION TO AN EXISTING TERRACE HOUSE
Decision Date12-Mar-2010
Decision TypeWritten Permission
Apply TypeAmendment to New Erection
Decision NoP231209-05G2-A011
12-Aug-2010

Planning Decision

SubmissionPROPOSED SUBDIVISION OF LAND INTO 2 PLOTS
Decision Date12-Aug-2010
Decision TypeWritten Permission
Apply TypeSubdivision of Land
Decision NoP140710-26Z1-Z000
23-Sep-2010

New Sale

Purchased Price$2,810,000
PSF$763
Area3,684 sqft
07-Jul-2021

Resale

Purchased Price$4,100,000
PSF$1,117
Area3,672 sqft
Today

Today's ML Valuation

Live
DescriptionPricePSF
Type: Terrace House
Tenure: Freehold
Latest Contract Date: 07-Jul-2021
Area: 3,672 Sqft
$4,100,000 $1,117
Price Index $1,909 $1,909
House Adjustment 0
BCA Cost $848,000
ML Indicative Valuation $7,857,800
Gross Indicative Capital Gain Today $3,757,800

Nearby MRT / Train Stations

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Predictive Vacancy for 2026
# School Name Area Address Distance 2C 2C (%) Registration(2C) 2CS 2CS (%) Registration(2CS) Phase 3
1 Zhonghua Primary School Serangoon 12 Serangoon Avenue 4, S556095 537m 118 100.0% 18 Not Applicable Not Applicable Not Applicable 74
2 CHIJ Our Lady of Good Counsel Serangoon 2C Burghley Drive, S558979 1.2km Not Applicable Not Applicable Not Applicable 58 100.0% 30 18
3 Yangzheng Primary School Serangoon 15 Serangoon Avenue 3, S556108 1.3km Not Applicable Not Applicable Not Applicable 0 0% 0 0
4 Paya Lebar Methodist Girls' School (Primary) Hougang 298 Lorong Ah Soo, S536741 1.4km Not Applicable Not Applicable Not Applicable 0 0% 0 0
5 Rosyth School Serangoon 21 Serangoon North Avenue 4, S555855 1.6km Not Applicable Not Applicable Not Applicable 0 0% 0 0
6 St. Gabriel's Primary School Serangoon 220 Lorong Chuan, S556742 1.7km Not Applicable Not Applicable Not Applicable 16 48.0% 33 0
7 Xinmin Primary School Hougang 9 Hougang Avenue 8, S538784 1.7km Not Applicable Not Applicable Not Applicable 0 0% 0 0
8 Xinghua Primary School Hougang 45 Hougang Avenue 1, S538882 1.7km Not Applicable Not Applicable Not Applicable 105 100.0% 29 60
Legal Requisition for this house
Legal Requisition Along the street
No properties found on this street.
Machine Learning Valuation Price

Street ML Valuations Map

ML = Machine Learning Valuation

Street Transactions & Valuations

Address Sqft Purchased Price Transaction Date Valuation Price Planning Decisions/BCA BCA Cost View
54 HONG LEE PLACE 2,370 $4,700,000 ($1,983 Psf) 01-Sep-2026 $5,609,790 ($2,367 Psf) N.A / N.A 0 View
22 HONG LEE PLACE 1,616 $4,200,000 ($2,599 Psf) 30-Apr-2026 $4,783,360 ($2,960 Psf) N.A / N.A 0 View
14 HONG LEE PLACE 1,697 $3,950,000 ($2,328 Psf) 11-Jul-2024 $4,836,450 ($2,850 Psf) N.A / N.A 0 View
50 HONG LEE PLACE 1,615 $3,475,000 ($2,152 Psf) 08-Feb-2024 $4,780,400 ($2,960 Psf) N.A / N.A 0 View
17 HONG LEE PLACE 1,827 $3,570,000 ($1,954 Psf) 25-Sep-2023 $4,865,301 ($2,663 Psf) N.A / N.A 0 View
44 HONG LEE PLACE 1,619 $2,750,000 ($1,699 Psf) 21-Jan-2022 $4,803,573 ($2,967 Psf) N.A / N.A 0 View
2 HONG LEE PLACE 3,672 $4,100,000 ($1,117 Psf) 07-Jul-2021 $7,857,848 ($1,909 Psf) Yes / Modification Before Sale 848,000 View
2A HONG LEE PLACE 1,724 $2,630,000 ($1,526 Psf) 04-Dec-2019 $4,944,432 ($2,868 Psf) Yes / Modification Before Sale 0 View
58 HONG LEE PLACE 5,576 $3,800,000 ($681 Psf) 27-Apr-2016 $9,518,232 ($1,707 Psf) N.A / N.A 0 View
24 HONG LEE PLACE 1,616 $1,390,000 ($860 Psf) 24-Nov-2009 $4,783,360 ($2,960 Psf) N.A / N.A 0 View
Showing 1–10 of 39 entries
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Asking Price vs ML Valuation

Asking Price vs ML Valuation Map

Asking Price above ML (overpriced) Asking Price at/below ML
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