Common Room (HDB) for Rent in 969 Hougang Street 91

This valuation report presents an analytical overview of a 2-room HDB unit located in the thriving district of Hougang, which boasts a commendable remaining lease of 75 years. The estimated market value of this property stands at $119,015, translating to an impressive $793 per square foot. Such a valuation reflects the current market conditions where demand for HDB units remains robust, particularly in well-established neighborhoods like Hougang. The unit's price aligns closely with the baseline market price, indicating a stable market environment with no significant fluctuations in value.

The model confidence for this valuation is deemed high, supported by an extensive analysis of 115 recent HDB resale transactions within the vicinity. This substantial dataset provides a reliable foundation for understanding local market dynamics and pricing trends. Notably, the proximity to amenities and public transport options in Hougang enhances the appeal of this HDB unit, contributing to its competitive valuation. As Singapore's property market continues to evolve, the combination of a strong remaining lease and consistent market demand positions this property as a prudent investment opportunity for discerning buyers.