4 Room HDB for Rent in 617 Hougang Avenue 8

The current valuation of the 4-room HDB unit located in Hougang, with a remaining lease of 58 years, is estimated at $458,645, translating to a price per square foot of $459. This valuation indicates a market price that aligns closely with the baseline, reflecting a 0% difference. Such stability in pricing suggests a balanced demand and supply dynamic in the Hougang area, where property values remain resilient despite the pressures of a fluctuating market.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on only one recent HDB resale transaction within the vicinity. This limited data set may not adequately capture the broader market trends or provide a comprehensive view of buyer sentiment. As such, potential investors should approach this valuation with caution, considering the implications of the remaining lease period and its impact on future resale potential. The leasehold aspect of the property may play a critical role in determining long-term value preservation, especially in a market where buyer preferences are increasingly leaning towards properties with longer lease terms.