3 Room (3A) HDB for Sale in 702 Hougang Avenue 2

The valuation of the HDB 3-room unit in Hougang, estimated at $446,899 or $507 per square foot, reflects a notable market position, as it is assessed at a premium of 9.6% above the baseline value. This elevated valuation not only underscores the desirability of the Hougang region but also signals robust demand dynamics within the HDB resale market. The remaining lease of 57 years is a critical factor in this assessment, as it balances the need for long-term investment stability with the potential for future appreciation.

With a model confidence rating classified as high, this valuation is substantiated by a comprehensive analysis of 483 recent HDB resale transactions in the vicinity. The data indicates a market exhibiting resilience, where buyers are increasingly willing to invest in well-located HDB units, despite the diminishing lease tenure. This trend may be attributed to the strategic location of Hougang, which offers excellent connectivity and amenities. As such, this property not only serves as a home but also as a viable asset in a competitive real estate market.