5-Room HDB for Room Rent: 417 Hougang Avenue 8

The valuation of the 5-room HDB unit in Hougang, with a remaining lease of 61 years, stands at an estimated value of $48,818, translating to a price per square foot (PSF) of $488. This valuation is particularly noteworthy as it reflects a zero percent difference from the baseline market price, indicating that the property is currently priced at an optimal level relative to recent transactions in the area.

This valuation is underpinned by a robust analytical framework, drawing insights from 110 recent HDB resale transactions in the vicinity. The high model confidence suggests a strong alignment with current market dynamics and demand-supply factors. The 61-year lease remaining on this property is a critical aspect, as it positions the unit within a competitive segment of the HDB market, appealing to both investors and owner-occupiers who value longevity in lease terms while considering the integrated amenities and community attributes that Hougang offers.