4 Room (4A) HDB for Sale in 617 Hougang Avenue 8

The HDB 4-room property located in Hougang, with a remaining lease of 58 years, has been appraised at an estimated value of $575,308, translating to a price per square foot (PSF) of $514. This valuation positions the property significantly above the market baseline, reflecting a 7.8% premium. Such a noteworthy divergence suggests strong demand and desirability for properties within this locale, which is underpinned by the area's robust amenities and evolving infrastructure.

Our analysis draws from an extensive dataset of 489 recent HDB resale transactions in the vicinity, enhancing the model's confidence rating to high. This elevated confidence level indicates that the valuation is not only reflective of current market conditions but also indicative of the potential for future appreciation as urban development initiatives continue to unfold in Hougang. The combination of a substantial remaining lease and the property's competitive positioning within the market landscape reinforces its attractiveness to potential buyers, making it a compelling investment opportunity in Singapore's dynamic real estate sector.