3-Room HDB for Room Rent: 301 Hougang Avenue 5

The HDB 3-room property located in Hougang, with a remaining lease of 56 years, has been assigned an estimated market value of $60,658, translating to a price per square foot (PSF) of $505. This valuation reflects a stable market condition, evidenced by the 0% difference from the baseline price, indicating a balanced equilibrium in the current HDB resale landscape. With robust market dynamics, this property stands as a representative example of the prevailing real estate trends in the Hougang vicinity.

Our analysis, grounded in a comprehensive review of 216 recent HDB resale transactions in the area, reveals a high model confidence level, underscoring the reliability of this valuation. The property market in Hougang is characterized by consistent demand and limited supply, as indicated by the steady resale prices. As leasehold properties continue to attract discerning buyers seeking long-term investment opportunities, this HDB unit's remaining lease of 56 years positions it favorably within the market, appealing to both owner-occupiers and investors alike.