3-Room HDB for Room Rent: 17 Hougang Avenue 3

The valuation of the HDB 3 Room property located in Hougang, with a remaining lease of 50 years, stands at an estimated value of $50,406, translating to a price per square foot (PSF) of $388. This valuation reflects a market signal indicating a 0% difference from the baseline, suggesting that the property is currently priced in line with prevailing market trends in the vicinity. Such a status quo indicates stability, yet it also raises questions about the future potential of this asset given the relatively lengthy lease period remaining.

Model confidence in this valuation is categorized as low, which implies a higher degree of uncertainty surrounding the property’s market appeal and its long-term investment viability. The analysis is based on five recent HDB resale transactions in the area, providing a snapshot of local market dynamics. It is crucial for potential buyers to consider not only the current pricing but also the implications of the remaining lease term on property value appreciation in the future, as HDB properties typically face more pronounced depreciation as the lease shortens.