Premium HDB for Sale in 475 Upper Serangoon Crescent

This valuation report analyses a 5-room HDB unit located in the thriving district of Hougang, which boasts a remaining lease of 87 years. The estimated value of the property is pegged at $914,172, translating to a price per square foot (PSF) of $758. This figure is indicative of the competitive landscape within the HDB market, particularly in areas with robust demand and limited supply. The valuation reflects a market price that is 3.9% above the baseline, suggesting a slight premium attributed to the property’s strategic location and the desirability of the Hougang area.

The model confidence for this valuation is rated as high, supported by an analysis of 58 recent HDB resale transactions within the vicinity. This extensive dataset not only reinforces the credibility of the valuation but also highlights the current market dynamics. The sustained interest in HDB properties, particularly those with longer remaining leases, demonstrates a strong buyer sentiment, further underpinned by the stability of the Hougang neighbourhood, which continues to attract families and young professionals alike. As the market evolves, it is crucial for potential investors and homeowners to consider both the lease tenure and local market trends when evaluating property investments in this vibrant district.