5 Room (5I) HDB for Sale in 690 Hougang Street 61

The valuation of the HDB 5 Room unit in Hougang, with a remaining lease of 59 years, stands at an estimated value of $657,457, translating to a price per square foot of $505. This valuation positions the property within a competitive market landscape, reflecting a 4.6% difference from the baseline market price. Such a variance indicates a modest level of premium associated with the property, suggesting that while it remains attractive to potential buyers, there is a cautious sentiment prevalent within the market.

It is important to note, however, that the model confidence for this valuation is assessed as low, primarily driven by the limited data pool, with only one recent HDB resale transaction in the vicinity serving as a comparative benchmark. This scarcity of transactional evidence may signal potential volatility in pricing dynamics, as market conditions can shift rapidly in response to broader economic factors and buyer sentiment. As such, prospective investors should approach this valuation with an awareness of the inherent uncertainties linked to the remaining lease and the surrounding market activity.