4-Room HDB for Room Rent: 172 Hougang Avenue 1

The HDB 4-room unit in Hougang presents an intriguing case within the current real estate landscape of Singapore, particularly with its remaining lease of 69 years. With an estimated value of $58,884, translating to $589 per square foot (PSF), this valuation reflects a cautious market sentiment, as indicated by its 0% deviation from the established baseline price. The stability in pricing suggests that while the property maintains its value, it is operating within a highly competitive segment of the market, where buyers are increasingly discerning and price-sensitive.

Model confidence for this valuation is categorized as low, which underscores the necessity for potential investors to approach with due diligence. The analysis is primarily informed by only two recent HDB resale transactions in the vicinity, which may not fully encapsulate the broader market dynamics at play. Given the remaining lease period, it is essential for stakeholders to consider how lease duration can impact future resale potential and buyer interest. As the market evolves, the interplay between the remaining lease and overall property desirability will become increasingly pivotal in shaping investment decisions in this vibrant neighbourhood.