Common Room (HDB) for Rent in 580 Hougang Avenue 4

The valuation of the 2-room HDB flat in Hougang, with a remaining lease of 69 years, stands at an estimated value of $91,233, translating to a price per square foot (PSF) of $760. This assessment is grounded in a robust analysis of the local market, drawing insights from 114 recent HDB resale transactions in the vicinity. The model confidence is rated as high, indicating a strong alignment of this valuation with current market dynamics.

Notably, the market signal reflects a stable condition, with a 0% difference from the baseline price, suggesting that the property is competitively priced amidst prevailing market trends. The longevity of the remaining lease is a critical factor influencing buyer sentiment and overall valuation, as properties with significant lease terms tend to attract more interest. The Hougang area remains a desirable location for potential homeowners, further bolstered by its accessibility and community amenities, which may contribute to sustained demand in the HDB resale market.