3 Room (3S) HDB for Sale in 501 Hougang Avenue 8

The valuation of the HDB 3-room property in Hougang, with a remaining lease of 59 years, stands at an estimated value of $373,602, translating to a price per square foot (PSF) of $542. This assessment indicates a significant premium over the current market baseline, reflecting a notable 28.5% difference. Such a deviation suggests a potential overvaluation in the context of recent market trends and comparable sales, which may warrant further scrutiny by prospective buyers and investors.

Analysis of the surrounding property transactions reveals a market signal categorized as Above Market, bolstered by data from four recent HDB resale transactions in the vicinity. However, it is important to note that the model confidence for this valuation is classified as Low, indicating that fluctuations in buyer sentiment and external economic factors could heavily influence future price stability. The residual lease period of 59 years also plays a crucial role in determining long-term investment viability, as properties with shorter lease terms often face diminishing demand over time. Therefore, stakeholders are advised to consider these dynamics carefully when evaluating this property in the broader context of the Hougang district's real estate landscape.