3 Room (3NG) HDB for Sale in 311 Hougang Avenue 5

The valuation of the HDB 3 Room unit in Hougang, with a remaining lease of 55 years, stands at an estimated value of $358,596, translating to a price per square foot (PSF) of $490. This valuation indicates a premium position in the market, as it reflects a significant 27.7% above the baseline valuation for similar units in the region. Such a premium suggests a robust demand for HDB properties in this locale, bolstered by a combination of factors that include strategic location, community amenities, and overall neighborhood appeal.

With model confidence rated as high, this valuation is substantiated by a comprehensive analysis of 485 recent HDB resale transactions within the vicinity. The data reveals strong buyer interest, likely driven by Hougang's reputation for accessibility and family-friendly environments. The extended remaining lease of 55 years further enhances the property's attractiveness, offering potential homeowners a longer tenure of ownership. As the market continues to evolve, this HDB unit positions itself favorably against the backdrop of Singapore's dynamic real estate landscape, promising both immediate livability and long-term investment potential.