4 Room (4S) HDB for Sale in 515 Hougang Avenue 10

The valuation of the HDB 4 Room property in Hougang, with a remaining lease of 58 years, stands at an estimated value of $443,320, translating to a price per square foot (PSF) of $490. This valuation positions the property significantly above the market baseline, with a notable 39.9% difference. Such a premium suggests not only an acute demand for residential properties in this region but also reflects the unique attributes and desirability of the Hougang neighborhood. Strong community amenities, accessibility to public transport, and proximity to schools contribute to the heightened valuation.

Furthermore, the model confidence is rated as high, reinforcing the robustness of the analysis drawn from 155 recent HDB resale transactions in the vicinity. This substantial dataset underlines the reliability of market signals and provides a solid foundation for the valuation. The extended remaining lease of 58 years also plays a crucial role in maintaining property interest, as buyers are increasingly inclined towards HDB units with longer leases to safeguard their investment. In essence, this property not only exemplifies the current market dynamics but also highlights the strategic advantages of investing in the Hougang area.