5-Room HDB for Room Rent: 463 Hougang Avenue 10

The valuation of the HDB 5-room unit in Hougang, with a remaining lease of 64 years, stands at an estimated value of $97,471, translating to a price per square foot (PSF) of $650. This pricing is indicative of a stable market sentiment, as it reflects a market price that shows a 0% difference from the baseline. Such stability suggests that the property is well-positioned within its locality, with demand potentially equating to supply, thereby maintaining equilibrium in the market. However, the model confidence is rated as low, which indicates a degree of uncertainty in the valuation due to limited transactional data.

The reliance on only one recent HDB resale transaction in the vicinity underscores a cautious approach to interpreting the market dynamics. The remaining lease of 64 years is a critical factor influencing buyer sentiment, as properties with longer leases typically command higher values. As the Singapore property market continues to evolve, prospective buyers and investors should consider the implications of lease duration and localized market conditions when assessing opportunities in Hougang and similar neighborhoods. Overall, while the valuation presents a snapshot of current market conditions, future trends may unveil further complexities as the market adjusts to ongoing demographic and economic shifts.