3 Room (3NG) HDB for Sale in 708 Hougang Avenue 2

The valuation of the HDB 3 Room unit located in Hougang, with a remaining lease of 57 years, stands at an estimated value of $355,989, translating to a price per square foot (PSF) of $494. This valuation reflects a significant market signal, where the property is positioned 34.8% above the baseline, indicating a robust demand and an optimistic outlook for the local housing market. Such a premium suggests a strong buyer interest, potentially driven by key factors such as proximity to amenities, transport links, and the overall appeal of the Hougang neighborhood.

With a high model confidence rating based on a comprehensive analysis of 292 recent HDB resale transactions in the vicinity, this valuation is supported by empirical data, ensuring reliability and accuracy. The remaining lease period of 57 years plays a crucial role in shaping buyer perceptions and investment decisions, as properties with longer leases are often viewed more favorably. As the market continues to evolve, this HDB unit exemplifies the dynamic interplay between lease duration and market trends, underscoring the importance of localized analysis in property valuation.