5 Room (5I) HDB for Sale in 473A Upper Serangoon Crescent

The valuation of the HDB 5-room unit in Hougang, with a remaining lease of 89 years, reflects a robust market position with an estimated value of $868,190, translating to a price per square foot (PSF) of $714. This valuation is notably above the baseline market value, showcasing a significant premium of 12.9%. Such a premium indicates strong demand dynamics in the Hougang locality, which is characterized by its strategic connectivity and proximity to essential amenities.

Based on an analysis of nine recent HDB resale transactions in the vicinity, the model confidence in this valuation is assessed as medium, suggesting a reasonable degree of variability in market conditions. The remaining lease of 89 years positions this property favorably, as properties with longer leases tend to attract a broader spectrum of buyers, enhancing their appeal in the competitive HDB market. As the landscape evolves, this unit's valuation underscores the potential for appreciation, driven by ongoing urban development and sustained interest in this well-established residential enclave.