3 Room (3NG) HDB for Sale in 116 Hougang Avenue 1

This valuation report focuses on a 3-room HDB property located in the vibrant neighborhood of Hougang, which boasts a remaining lease of 53 years. The estimated value stands at $378,520, translating to approximately $429 per square foot (PSF). Notably, this valuation is positioned above the market average, with a significant 34.2% difference from the baseline. Such a premium suggests a robust demand for HDB units in this area, reflecting a strong local sentiment and potential buyer interest.

However, it is essential to approach this valuation with caution, as the model confidence is rated low. This rating is derived from a limited comparison pool of only four recent HDB resale transactions in the vicinity. The fluctuations in the market dynamics, coupled with the relatively short remaining lease period, may pose challenges for prospective buyers and investors. As the property market evolves, keeping a close watch on the leasehold dynamics and local market trends will be crucial in assessing the future value trajectory of this HDB unit.