4-Room HDB for Room Rent: 421 Hougang Avenue 10

The valuation of the HDB 4-room unit in Hougang, with a remaining lease of 61 years, stands at an estimated value of $81,663, translating to a price per square foot (PSF) of $544. This valuation reflects a market price that is in alignment with the baseline, indicating a stable market condition for properties in this segment. The longevity of the remaining lease is a critical factor in this valuation, as properties with extended leases tend to attract a more discerning buyer base, particularly among young families and first-time homeowners seeking long-term stability.

However, it is noteworthy that the model confidence for this valuation is categorized as low, primarily due to the limited data available, with only one recent HDB resale transaction recorded in the vicinity. This scarcity of comparable sales data can lead to volatility in pricing and may suggest a cautious approach for potential buyers and investors. As the market dynamics evolve, stakeholders should remain vigilant regarding emerging trends and shifts in buyer sentiment, particularly in relation to HDB leasehold properties.