4-Room HDB for Room Rent: 332 Hougang Avenue 5

The valuation of the HDB 4 Room unit in Hougang, with a remaining lease of 55 years, is estimated at $68,785, translating to a price per square foot (PSF) of $430. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand in the area. The low variance suggests that the property is currently positioned within a competitive price range, which may be appealing to potential buyers who are sensitive to market fluctuations.

However, the model confidence is assessed as low, primarily due to the limited dataset of only two recent HDB resale transactions in the vicinity. This raises questions about the robustness of the valuation, as a broader range of comparable sales could provide a clearer picture of market dynamics. The remaining lease duration of 55 years is a critical factor, as it influences buyer sentiment and investment potential. As HDB properties age, the remaining lease term becomes increasingly significant in determining market value, particularly for prospective homeowners looking to secure long-term residency in the area.