5 Room (5A) HDB for Sale in 699 Hougang Street 52

The valuation of the HDB 5-room unit located in Hougang reflects an estimated market value of $859,213, translating to a price per square foot (PSF) of $665. With a remaining lease of 71 years, this property presents an intriguing investment opportunity within a dynamic market landscape. The current valuation indicates a 7% difference from the baseline, categorizing it as a good deal in the context of recent market trends.

However, it is crucial to note that the model confidence for this valuation is classified as low, suggesting that the market signals should be approached with caution. The analysis is based on three recent HDB resale transactions in the vicinity, which highlight the varying demand and pricing dynamics in the area. Investors should consider the implications of the remaining lease on future resale potential, as well as the overall vibrancy of the Hougang precinct, known for its accessibility and community amenities. The combination of these factors will ultimately play a pivotal role in determining the long-term value trajectory of this property.