Maisonette HDB for Sale in 628 Hougang Avenue 8

In the current landscape of the Hougang HDB market, the valuation of this Executive HDB unit, set at an estimated value of $810,083, reflects a noteworthy divergence from the baseline market indicators. Priced at $509 per square foot, this property commands a significant premium of 19.6% over the market average, indicating a strong seller's sentiment and a potential willingness among buyers to pay more for perceived value. However, it is crucial to note that the model confidence for this valuation is classified as low, suggesting potential volatility in the market dynamics that could affect future pricing trends.

The remaining lease of 59 years is a critical factor influencing buyer perception and desirability. In Singapore's unique property landscape, the duration of the lease can heavily impact resale values, particularly in the context of HDB properties where lease decay becomes increasingly relevant as the tenure shortens. With only seven recent resale transactions in the vicinity serving as a reference point, the limited data set may contribute to the low confidence rating, highlighting the need for cautious optimism among both buyers and sellers. As the Hougang area continues to evolve, monitoring local market movements and demographic shifts will be essential in understanding the long-term value trajectory of this HDB Executive unit.