Common Room (HDB) for Rent in 602 Hougang Avenue 4

The valuation of the HDB 2-room unit in Hougang, with a remaining lease of 58 years, has been estimated at $83,022, translating to a price per square foot (PSF) of $639. This valuation is particularly significant as it reflects a market price that shows a 0% difference from the baseline, indicating a stable market condition in this segment of the housing sector. The high model confidence, derived from an analysis of 115 recent HDB resale transactions in the vicinity, underscores the reliability of this valuation amidst the dynamic property landscape.

In the context of Singapore's real estate market, properties with a remaining lease of over 50 years are often viewed with cautious optimism. The 58-year lease on this unit positions it favorably, as it still retains considerable value for both owner-occupiers and investors. The Hougang area, known for its accessibility and community-centric amenities, continues to attract a diverse demographic, contributing to the steady demand for HDB resale units. As the market evolves, this property exemplifies the current equilibrium between supply and demand, while underscoring the importance of lease tenure in property valuation.