3 Room (3NG) HDB for Rent in 313 Hougang Avenue 5

The valuation of the 3-room HDB unit in Hougang, with a remaining lease of 54 years, stands at an estimated value of $355,817, equating to $516 PSF. This valuation reflects a market signal that is precisely aligned with the baseline, indicating a stable pricing environment for similar properties in the area. The absence of fluctuation in market price suggests a balanced demand and supply dynamic, which is crucial for potential buyers and investors to consider.

Analysing the broader market context, the valuation is informed by recent data derived from 8 comparable HDB resale transactions within the vicinity. These transactions provide a robust basis for the estimated value, reinforcing the model's confidence level at medium. The valuation indicates that while the property has a significant remaining lease, potential buyers should remain cognizant of the implications of lease duration on long-term investment value. The competitive pricing in this segment underscores the desirability of Hougang as a residential locale, which is increasingly appealing to families and young professionals alike.