3-Room HDB for Room Rent: 109 Hougang Avenue 1

The valuation of the HDB 3-room unit located in Hougang, with a remaining lease of 55 years, stands at an estimated value of $391,908, translating to a price per square foot (PSF) of $490. This valuation reflects a market price that is in equilibrium, with a 0% difference from the established baseline. Such stability in pricing suggests a robust demand for HDB units in this region, aligning with broader trends observed in the Singaporean real estate landscape.

Given the analysis derived from 485 recent HDB resale transactions within the vicinity, the model confidence for this valuation is classified as high. This high level of confidence underscores the reliability of the data and the current market dynamics that bolster the value of HDB properties in Hougang. The remaining lease period of 55 years is strategically positioned, as it affords prospective buyers a substantial duration for ownership and potential appreciation, thereby making it an attractive investment opportunity in the evolving housing market of Singapore.