4-Room HDB for Room Rent: 116 Hougang Avenue 1

The valuation of the 4-room HDB unit located in Hougang, with a remaining lease of 53 years, has been estimated at $39,334, translating to a price per square foot (PSF) of $393. This valuation reflects a market price that shows a nuanced equilibrium, registering a 0% difference from the baseline. Such stability indicates a potentially balanced demand and supply scenario within the Hougang area, suggesting that the pricing remains aligned with current market expectations.

However, it is crucial to note that the confidence in this model is classified as low, primarily due to the reliance on a limited dataset, with only one recent resale transaction influencing this valuation. This scarcity of transactional data may introduce volatility into future price assessments, particularly in the context of Hougang's evolving real estate landscape. As the remaining lease period of 53 years is considered, it is essential for prospective buyers to weigh the implications of leasehold tenure on long-term investment value and marketability. Investors and homeowners alike should remain vigilant of market dynamics that could affect future valuations as the area continues to develop.