Common Room (HDB) for Rent in 310 Hougang Avenue 5

The valuation for the HDB 2-room unit located in Hougang, with a remaining lease of 56 years, stands at an estimated value of $59,811, translating to $617 per square foot (PSF). This valuation reflects the current market dynamics, exhibiting a notable stability with a market price that shows a 0% difference from the baseline. This suggests that the property is accurately priced in alignment with prevailing market trends, indicating a balanced demand and supply scenario within the vicinity.

Supporting this valuation is the robust data derived from 115 recent HDB resale transactions in the area, which enhances the model's confidence level to high. The consistency in pricing can be attributed to several factors, including the strategic location of Hougang, which offers excellent accessibility and amenities that cater to a diverse demographic. Furthermore, the remaining lease of 56 years positions this property uniquely in the market, appealing to both first-time buyers and investors looking to capitalize on potential appreciation as the area continues to develop.