Master Room (HDB) for Rent in 506 Hougang Avenue 8

The valuation of the HDB 2-room unit located in Hougang, with a remaining lease of 58 years, stands at an estimated value of $76,637, translating to a price per square foot (PSF) of $639. This valuation reflects a market price that is in alignment with baseline expectations, indicating a stable demand for HDB properties in the area. The model confidence is rated as high, based on an extensive analysis of 117 recent resale transactions within the vicinity, which lends credibility to the valuation and highlights the underlying market dynamics.

In the current real estate landscape, the Hougang district remains a sought-after location for HDB living, characterized by its accessibility and community amenities. The 58-year remaining lease is a critical factor that potential buyers consider, as it balances affordability with longevity in ownership. As market conditions fluctuate, the resilience of HDB pricing in this segment suggests a robust demand, likely driven by first-time homebuyers and investors looking to capitalize on the stable rental potential in the area. This analysis underscores the importance of understanding lease tenure when evaluating property value, as it plays a significant role in shaping buyer sentiment and investment decisions.