4-Room HDB for Room Rent: 686 Hougang Street 61

The valuation of the HDB 4-room unit in Hougang, with a remaining lease of 59 years, stands at an estimated value of $98,202, translating to approximately $491 PSF. This valuation is particularly noteworthy as it reflects a market price that is in alignment with the baseline, indicating a stable market condition with a 0% difference from the established valuation threshold. Such stability in pricing suggests a well-balanced demand and supply dynamic within the locality, contributing to the high confidence level of the model used for this assessment.

Analyzing the market further, this valuation is backed by a robust dataset comprising 167 recent HDB resale transactions in the surrounding area. This extensive transaction history not only enhances the reliability of the estimated value but also signifies a healthy resale activity within the Hougang precinct. Given the remaining lease duration, potential buyers may find the property appealing as it offers a significant period for habitation or investment. The consistent market behavior observed in this region underscores the potential for sustained interest, making this HDB unit a noteworthy consideration for both homebuyers and investors alike.