3 Room (3A) HDB for Sale in 702 Hougang Avenue 2

The valuation of the HDB 3 Room property in Hougang, with a remaining lease of 57 years, stands at an estimated value of $426,681, translating to a price per square foot (PSF) of $484. This valuation is positioned above the market average, reflecting a notable 14.8% premium when compared to the baseline. Such a divergence suggests a robust demand for HDB units in this locale, likely driven by factors such as accessibility, amenities, and overall desirability of the Hougang precinct.

However, it is crucial to note that the model confidence for this valuation is categorized as low, indicating potential variability in the results. This assessment is based on only two recent HDB resale transactions in the vicinity, which may not provide a comprehensive overview of the current market dynamics. Investors and potential buyers should exercise caution and consider the implications of the remaining lease, as properties with shorter leases may experience fluctuations in demand and pricing. A thorough analysis of the local market trends and future developments is recommended to fully understand the investment potential of this property.