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

The HDB 4-room property located in the vibrant precinct of Hougang presents a unique valuation scenario, with an estimated value of $81,663, translating to a price per square foot of $544. This valuation is reflective of the property’s remaining lease of 61 years, which is a critical factor influencing market sentiment and buyer interest. The longevity of the lease remains a significant consideration for potential homeowners, especially in the context of Singapore’s evolving real estate landscape.

Market analysis indicates a 0% difference from the baseline, suggesting that the current valuation aligns closely with recent market trends. However, the model confidence is rated as low, primarily due to the reliance on a limited dataset comprising only one recent HDB resale transaction in the vicinity. This scarcity of comparable sales data underscores the dynamic nature of the Hougang market, where fluctuations can be influenced by various economic and social factors. As such, prospective buyers should approach this valuation with a nuanced understanding of the surrounding market conditions and the implications of the property’s remaining lease on future resale potential.