4 Room (4S) HDB for Sale in 648 Hougang Avenue 8

The valuation of the 4-room HDB unit in Hougang, with a remaining lease of 59 years, stands at an estimated value of $445,837, translating to a price per square foot (PSF) of $493. This valuation is notably above the market baseline by 23.1%, indicating a robust demand for HDB properties in the Hougang area despite the relatively short remaining lease. Such a premium suggests that buyers are placing significant value on the location, amenities, and community dynamics of this well-established neighborhood.

However, it is vital to approach this valuation with caution, as the model confidence is rated low, based on only five recent HDB resale transactions in the vicinity. This limited dataset may not fully capture the nuances of the current market dynamics and buyer sentiment. The prevailing market conditions, including economic factors and shifting buyer preferences, could significantly influence the actual sale price. As such, potential buyers and investors should consider these variables carefully when evaluating this property, keeping in mind the implications of the remaining lease on future resale opportunities.