3-Room HDB for Room Rent: 682 Hougang Avenue 4

The HDB 3-room property located in Hougang, with a remaining lease of 60 years, presents a valuation of approximately $82,556, translating to a price per square foot (PSF) of $550. This valuation reflects a market price that is consistent with the baseline, indicating stability within the local housing market. The absence of variance from the baseline suggests a balanced demand and supply dynamic, which is particularly noteworthy in the context of current economic conditions.

However, it is essential to highlight that the model confidence for this valuation is classified as low, indicating a potential for variability influenced by broader market trends and individual transaction specifics. The valuation is informed by three recent HDB resale transactions in the vicinity, which may not fully encapsulate the diverse factors affecting property values in the area. As the remaining lease period decreases, the impact on future resale potential and buyer sentiment should be closely monitored, particularly as prospective homeowners weigh the implications of leasehold tenures against their investment horizon.