3 Room (3NG) HDB for Rent in 115 Hougang Avenue 1

The valuation of the HDB 3-room unit in Hougang, with a remaining lease of 54 years, stands at an estimated value of $327,979, translating to a price per square foot (PSF) of $455. This valuation reflects a market price that shows no deviation from the established baseline, indicating a stable demand for HDB properties in this region. Given the medium confidence level of the model, the valuation is supported by a thorough analysis of 11 recent HDB resale transactions within the vicinity, ensuring that the data reflects current market conditions.

Hougang has consistently been a sought-after residential area, known for its vibrant community and accessibility to essential amenities. The remaining lease of 54 years is a crucial factor in this valuation, as it provides potential buyers with a reasonable duration of leasehold ownership, appealing to both first-time homeowners and investors alike. The stability in market pricing signals a balanced demand-supply dynamic, suggesting that while there may be fluctuations, the overall perception of value in this locality remains robust.