3 Room (3I) HDB for Sale in 1 Hougang Avenue 3

The valuation of the 3-room HDB unit in Hougang, with a remaining lease of 47 years, stands at an estimated value of $231,429, translating to a price per square foot (PSF) of $364. This valuation is notably positioned above the market average, exhibiting a significant 69.8% difference from the baseline. Such a premium suggests strong demand within the Hougang district, likely driven by its strategic location, accessibility to amenities, and community development initiatives that continue to enhance the living environment.

The model confidence in this valuation is rated as high, bolstered by the analysis of 23 recent HDB resale transactions in the vicinity. This data set provides a robust foundation for understanding local market dynamics and reinforces the resilience of property values in Hougang. As the remaining lease period is a critical factor influencing buyer sentiment, the 47-year lease remains favorable in the context of long-term investment potential, especially as new urban developments and infrastructure projects unfold in the surrounding areas, further elevating the desirability of this locale.