Master Room (HDB) for Rent in 370 Hougang Street 31

The valuation of the HDB 2-room unit in Hougang, with a remaining lease of 71 years, stands at an estimated value of $101,622, translating to a price per square foot (PSF) of $782. This valuation reflects a stable market signal, indicating a 0% difference from the baseline price within the area. Such stability suggests a well-balanced demand and supply dynamic, underpinned by recent transactions that showcase a robust interest in HDB properties in this locality.

Our analysis is grounded in a comprehensive review of 114 recent HDB resale transactions within the vicinity, which reinforces the high confidence level of this model in accurately reflecting market conditions. The longevity of the remaining lease is a significant factor in this valuation, as properties with over 70 years of leasehold tend to retain their appeal among buyers, particularly first-time homeowners and those seeking affordable housing options in a rapidly urbanizing environment. As the market continues to evolve, this property exemplifies the resilience of HDB flats in maintaining their value, even amid broader economic fluctuations.