4 Room (4A) HDB for Sale in 166 Hougang Avenue 1

The valuation of the HDB 4 Room property in Hougang, with a remaining lease of 75 years, stands at an estimated value of $662,713, translating to $610 per square foot. This valuation reflects a market price that is only 0.4% different from the baseline, indicating a relatively stable market condition in the vicinity. Such minor fluctuations suggest that the Hougang area maintains its appeal and consistency in demand, despite the broader market dynamics influencing property values.

It is important to note that the model confidence in this valuation is currently rated as low, primarily due to the limited data set of only two recent HDB resale transactions in the area. This scarcity of comparable sales can lead to potential variability in the valuation outcome. As the remaining lease of this property is substantial, it provides a buffer against the typical depreciation seen in shorter leasehold properties, thus enhancing its attractiveness to prospective buyers. The interplay of these factors underscores the need for careful consideration when assessing the investment potential of HDB units in this region.