4 Room (4A) HDB for Sale in 696 Hougang Street 61

The valuation of the 4-room HDB unit in Hougang, with a remaining lease of 59 years, stands at an estimated value of $544,142, translating to a price per square foot (PSF) of $491. This valuation reflects a significant market signal, with the property priced approximately 13.6% above the baseline, indicating a robust demand dynamics within the Hougang locality. The analysis is grounded in a comprehensive study of 170 recent HDB resale transactions in the area, providing a strong foundational confidence in the assessed value.

Given the remaining lease duration, this property offers a unique proposition for potential buyers, as it balances a reasonable lease term with favorable market conditions. The high model confidence associated with this valuation suggests that the Hougang region is experiencing an upward pricing trend, driven by both demographic shifts and infrastructural developments. As urbanization continues to evolve, properties like this one are poised to attract discerning buyers looking for quality living spaces within established neighborhoods.