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

The valuation of the HDB 3-room unit in Hougang, with a remaining lease of 57 years, stands at an estimated value of $446,899, equating to $507 per square foot (PSF). This valuation is notably positioned above the market baseline, reflecting a substantial 9.6% premium compared to comparable properties in the area. Such a signal indicates a robust demand in the Hougang locality, driven by a combination of factors including accessibility, community amenities, and the overall attractiveness of the neighborhood.

The model confidence of this valuation is categorized as high, underpinned by an extensive analysis of 483 recent HDB resale transactions within the vicinity. This data not only validates the current pricing but also suggests a resilient market sentiment among buyers who are willing to pay a premium for properties that offer long-term leasehold security and desirable living conditions. As the market continues to evolve, the remaining lease of 57 years remains a key consideration for potential buyers, impacting investment strategies and future resale values.