4 Room (4A) HDB for Sale in 417 Hougang Avenue 8

The HDB 4 Room unit located in Hougang, with a remaining lease of 61 years, has been appraised with an estimated value of $611,325, translating to $541 per square foot (PSF). This valuation positions the property above the current market baseline by a notable 10.9%. Such a premium indicates a robust demand and suggests that buyers are willing to pay a premium for properties in this locality, reflecting both the desirability of the Hougang neighborhood and the overall health of the HDB resale market.

The model's confidence level is categorized as high, bolstered by an extensive dataset comprising 489 recent HDB resale transactions in the vicinity. This data-driven approach ensures a comprehensive analysis, taking into account various market dynamics that influence property values. The remaining lease of 61 years is a critical factor that impacts buyer sentiment and investment potential, as prospective homeowners and investors often weigh the implications of lease longevity on future resale value and occupancy duration. Overall, this valuation not only underscores the strength of the Hougang market but also highlights the increasing competitiveness among HDB properties in Singapore.