Common Room (HDB) for Rent in 516 Hougang Avenue 10

The valuation of the HDB 2 Room unit in Hougang, with a remaining lease of 75 years, presents an estimated value of $99,974, translating to an impressive $833 PSF. This valuation is not only reflective of the physical attributes of the property but also indicative of the prevailing market dynamics, which have shown a stable demand for HDB units in the region. The property maintains a market price that is perfectly aligned with the baseline, suggesting a well-balanced equilibrium between buyer expectations and seller offerings.

Our analysis is backed by a robust dataset, comprising 117 recent HDB resale transactions in the vicinity, which lends a high degree of confidence to the valuation model. The consistent performance of properties in Hougang underscores the area's attractiveness, characterized by its strategic location and accessibility. As the market continues to evolve, the stability in pricing signals a resilient demand, particularly for HDB units with substantial remaining leases like this one. Overall, this valuation reflects not just a number, but a comprehensive understanding of market trends and the inherent value of long-lease HDB properties in Singapore.