5 Room (5A) HDB for Sale in 502 Hougang Avenue 8

The valuation for the 5-room HDB unit in Hougang, with a remaining lease of 58 years, is positioned at an estimated value of $614,340, translating to a price per square foot (PSF) of $472. This valuation reflects a significant market signal, indicating an above-market positioning with a noteworthy 13.9% premium compared to the baseline values in the region. Such a premium suggests strong demand dynamics at play within the Hougang area, potentially driven by factors such as accessibility, local amenities, and overall desirability of the neighborhood.

With a high model confidence level, this analysis is reinforced by data derived from 151 recent HDB resale transactions in close proximity to the property. This robust dataset enhances the reliability of the valuation and underscores the competitive nature of the current market. The remaining lease of 58 years is also a critical consideration, as it balances the property’s investment potential with the inherent risks associated with shorter lease durations. As the demand for HDB properties continues to evolve, strategically positioned units such as this one in Hougang may offer substantial value appreciation potential in the years to come.