3 Room (3I) HDB for Rent in 2 Hougang Avenue 3

This analytical summary presents a comprehensive evaluation of a 3-room HDB unit located in the desirable neighborhood of Hougang, with a remaining lease of 75 years. The estimated value of this property is pegged at $354,401, translating to a price per square foot of $659. This valuation is particularly compelling given the current market signal which indicates a 0% difference from the baseline, suggesting that the property is accurately priced in alignment with prevailing market trends.

Our analysis is grounded in robust data, incorporating insights from 482 recent HDB resale transactions in the vicinity, which enhances the reliability of the valuation. The high model confidence level further substantiates the assessment, indicating a strong correlation between the estimated value and market behaviors. With the remaining lease of 75 years, this property stands in a favorable position, as longer leases generally command better resale potential and attractiveness to buyers. Overall, this valuation reflects a stable and resilient segment of the HDB market in Hougang, characterized by sustained demand and a balanced supply dynamics.