3 Room (3A) HDB for Rent in 511 Hougang Avenue 10

The valuation of the HDB 3 Room unit in Hougang, with a remaining lease of 58 years, stands at an estimated value of $407,495, translating to a price per square foot (PSF) of $591. This valuation reflects a balanced market position, as evidenced by the current market price showing no deviation from the baseline, indicating a stable demand for HDB properties in the area. The absence of a premium or discount suggests that buyers and sellers are aligned on the perceived value of this property type in its current lease condition.

However, it is critical to note that the model confidence for this valuation is categorized as low. This is predominantly influenced by the limited dataset derived from only six recent HDB resale transactions in the vicinity. Such a small sample size may not fully encapsulate the broader market dynamics at play, which can include fluctuations in buyer sentiment and external economic factors. As the remaining lease period is a significant aspect of HDB properties, prospective buyers should consider how this may impact future resale opportunities and value appreciation in the long term.