Common Room (HDB) for Rent in 123 Hougang Avenue 1

The valuation of the 4-room HDB property in Hougang, with a remaining lease of 54 years, stands at an estimated value of $47,891, translating to a price per square foot of $479. This valuation reflects a critical examination of the local housing market, drawing on data from 489 recent HDB resale transactions in the vicinity, ensuring a robust comparative analysis. The model confidence in this valuation is rated as high, indicating a strong reliability in the data and trends observed.

It is noteworthy that the market price reflects a 0% difference from the baseline, suggesting that the property is currently aligned with prevailing market conditions. This stability in pricing indicates a balanced demand and supply scenario within the Hougang area, where buyers are likely to find value in properties with mid-range leases such as this one. As the remaining lease of 54 years may impact future resale potential and buyer interest, it is essential for investors and homeowners to consider the implications of lease duration on long-term property value and liquidity in the HDB market.