3-Room HDB for Room Rent: 617 Hougang Avenue 8

The valuation of the HDB 3-room unit in Hougang, with a remaining lease of 58 years, stands at an estimated value of $56,822, equating to a price per square foot (PSF) of $517. This valuation reflects a stable market position, with a market price that shows no deviation from the baseline, indicating a balanced supply and demand scenario in the vicinity. Such stability is significant, particularly in a dynamic real estate environment where fluctuations can often be pronounced.

With model confidence rated as high, this valuation is underpinned by an analysis of 485 recent HDB resale transactions in the area. The strong confidence level suggests that the data used is robust and reflects current market trends accurately. The remaining lease of 58 years is a critical factor; it suggests that buyers may find this property appealing due to its reasonable lease duration, which can support longer-term investment potential. The Hougang area, known for its vibrant community and accessibility, further enhances the attractiveness of this property, making it a notable find for prospective homeowners or investors.