HONG BUILDING is a freehold development along RANGOON ROAD in District 8 (Little India / Farrer Park), part of the RCR segment of Singapore's private residential market. The project comprises a compact unit count and is an established secondary-market project.
This profile draws on 1 recorded transactions from URA REALIS to frame the project's character: who actually lives here, who buys here, and where the pricing sits relative to immediate alternatives. For the broader district context, see the Singapore price-heatmap map.
The project is in its mature or late-resale phase, where lease tenure (for leasehold stock), redevelopment optionality, and en-bloc potential all start to weigh more on the investment thesis than current rental yield.
Within District 8 (Little India / Farrer Park), the immediate context for HONG BUILDING is shaped by the broader URA Master Plan zoning for the area, ongoing or planned infrastructure (MRT extensions, expressway changes, school relocations), and the supply pipeline of nearby launches. See the URA Master Plan 2019 for the precinct-specific land-use overlay before underwriting medium-term capital appreciation.
We track 1 sales and 19 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the HONG BUILDING dashboard.
- Average sale price: $1,422,850 across 1 transactions
- Estimated gross rental yield: 3.2%
- District 8 PSF ranking: Value tier (top 93%)
- Freehold tenure · RCR · D8
About HONG BUILDING
HONG BUILDING is a freehold condominium, located at RANGOON ROAD in District 8 (Little India) (Rest of Central Region).
As a freehold property, HONG BUILDING does not face lease decay concerns.
Sales Market Overview
HONG BUILDING has recorded 1 sale transactions with an average transaction price of $1,422,850, ranging from $1,422,850 to $1,422,850.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2022 | 1 | $1,041 psf | $1,422,850 | — |
HONG BUILDING ranks in the top 93% of condos in District 8 by average PSF.
Compared to the RCR average of $2,047 psf, HONG BUILDING trades 49.1% below the segment benchmark.
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Rental Market Overview
HONG BUILDING has recorded 19 rental transactions with monthly rents averaging $3,797/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 19 | $3,797/mo | $2,700/mo | $5,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 4 | $2,875/mo |
| 2022 | 5 | $3,310/mo |
| 2023 | 4 | $4,600/mo |
| 2024 | 3 | $4,333/mo |
| 2025 | 3 | $4,233/mo |
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Investment Analysis
Based on average rents and sale prices, HONG BUILDING delivers an estimated gross rental yield of 3.2%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 8
Side-by-side comparison against the most actively traded condos in District 8 (Little India):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| PICCADILLY GRAND | 99 yrs lease commencing from 2021 | 407 | $2,167 psf | 425 |
| CITYLIGHTS | 99 yrs lease commencing from 2004 | 600 | $1,767 psf | 133 |
| CITY SQUARE RESIDENCES | Freehold | 910 | $1,891 psf | 114 |
| STURDEE RESIDENCES | 99 yrs lease commencing from 2015 | 305 | $1,999 psf | 107 |
| KERRISDALE | 99 yrs lease commencing from 1998 | 481 | $1,395 psf | 90 |
Location Map
Map shows HONG BUILDING (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- HONG BUILDING
- Farrer Park MRT
- Boon Keng MRT
- Novena MRT
- Bendemeer MRT
- Little India MRT
- CHIJ Our Lady Queen of Peace
- Farrer Park Primary School
- St. Margaret'
Nearby MRT Stations
HONG BUILDING is 610m from Farrer Park MRT (North-East Line), with 7 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Farrer Park | NE8 | North-East Line | 610m |
| Boon Keng | NE9 | North-East Line | 1.0 km |
| Novena | NS20 | North-South Line | 1.0 km |
| Bendemeer | DT23 | Downtown Line | 1.2 km |
| Little India | NE7 | North-East Line | 1.3 km |
| Little India | DT12 | Downtown Line | 1.3 km |
| Jalan Besar | DT22 | Downtown Line | 1.4 km |
Nearby Schools
There are 19 schools within 2 km of HONG BUILDING, including 2 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| CHIJ Our Lady Queen of Peace | Primary | 450m |
| Farrer Park Primary School | Primary | 620m |
| St. Margaret's Secondary School | Secondary | 1.1 km |
| St. Margaret's Primary School | Primary | 1.2 km |
| Bendemeer Primary School | Primary | 1.2 km |
| Bendemeer Secondary School | Secondary | 1.3 km |
| LASALLE College of the Arts | Tertiary | 1.3 km |
| Hong Wen School | Primary | 1.4 km |
| St. Andrew's Secondary School | Secondary | 1.4 km |
| St. Andrew's Junior College | Jc | 1.4 km |
| St. Andrew's Junior School | Primary | 1.5 km |
| Beatty Secondary School | Secondary | 1.5 km |
Tenure resilience. Freehold tenure removes the lease-decay headwind that affects 99-year leasehold stock from ~year 60 onward. CPF eligibility, loan-tenure caps, and resale buyer pool are all preserved without the time-decay clock. For long holds (15+ years), this matters meaningfully more than headline PSF.
Walking-distance MRT. Farrer Park is about 0.61km — within the conventional 10-minute walk threshold most tenants accept. The project benefits from the public-transport premium without the price compression that <500m flagship stations command.
School-belt proximity. CHIJ Our Lady Queen of Peace sits about 0.45km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Thin transaction history. With only 1 recorded sales, comparable-sales analysis is fragile — a single outlier transaction can skew the apparent price level by 5-10%. Triangulate with nearby district comparables rather than rely on within-project averages alone.
District supply pipeline. Non-prime districts are more sensitive to GLS pipeline additions; check the URA Master Plan 2019 confirmed and provisional land sales schedule for the immediate 5-year window. New launches at 10-20% lower PSF can compress secondary-market resale velocity for 18-24 months around their launch dates.
[
{
"persona": "Young couple, first home",
"fit_color": "green",
"reason": "Long balance lease + likely sub-CCR pricing"
},
{
"persona": "Family with school-age kids",
"fit_color": "green",
"reason": "Nearby schools support MOE registration priority"
},
{
"persona": "CBD commuter",
"fit_color": "green",
"reason": "Walking-distance MRT supports daily commute"
},
{
"persona": "Rental investor (yield-focused)",
"fit_color": "red",
"reason": "Thin transaction history makes underwriting fragile"
},
{
"persona": "Foreign professional (expat)",
"fit_color": "green",
"reason": "MRT plus mid-size facility suite typically meets expat-tenant criteria"
},
{
"persona": "Long-term hold (10+ yr)",
"fit_color": "green",
"reason": "Tenure supports CPF + buyer-pool through hold"
}
]
Composite assessment: HONG BUILDING combines walking-distance MRT with long-tenure leasehold (or freehold) — a solid structural foundation. The district position dictates whether capital appreciation outpaces or tracks the broader market. 1 transactions in URA REALIS provide the data foundation for this view.
Suggested holding period for most buyer profiles: 6-10 years to ride out one full macro cycle. Cross-reference per-bedroom net yield against district comparables via the compare-tool, model monthly cash-flow with the mortgage calculator, and confirm your effective BSD+ABSD cost using the stamp-duty calculator before finalising. This profile is informational; not a personal investment recommendation.
FAQ
What is the average price for HONG BUILDING?
What is the rental yield for HONG BUILDING?
Is HONG BUILDING freehold or leasehold?
How far is the nearest MRT from HONG BUILDING?
What is the tenure of HONG BUILDING?
How does HONG BUILDING compare to other projects in the district?
What stamp duty applies for a foreign buyer of HONG BUILDING?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 1 transactions analysed
- Rental data: 19 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for HONG BUILDING
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.