4-Room HDB for Room Rent: 470A Upper Serangoon Crescent

The valuation of the 4-room HDB property in Hougang, with a remaining lease of 87 years, stands at an estimated value of $75,394, translating to a price per square foot of $705. This valuation reflects a market price that is in alignment with the baseline, indicating a stable demand in the region. The medium confidence level of this model suggests that while the estimate is reliable, potential fluctuations in the market could influence future valuations.

Analyzing the local real estate dynamics, the valuation is supported by data from eight recent HDB resale transactions in the vicinity, further reinforcing the credibility of this estimate. The Hougang area has demonstrated resilient demand for HDB properties, likely due to its connectivity and amenities, which attract a diverse population. With an 87-year lease remaining, this property offers a balance of longevity and investment potential, appealing to both first-time buyers and seasoned investors looking to capitalize on Singapore's robust housing market.