Common Room (HDB) for Rent in 24 Hougang Avenue 3

The valuation of the HDB 2 Room unit in Hougang, with a remaining lease of 50 years, stands at an estimated value of $71,572, translating to a price per square foot (PSF) of $551. This valuation reflects a market price that is currently aligned with the baseline, indicating a stable market condition with no fluctuations in value. Such equilibrium in pricing suggests that buyers are willing to pay a fair market rate, reinforcing the demand for HDB properties in this region.

Our analysis draws upon 117 recent HDB resale transactions in the vicinity, which provides a robust dataset for comparison and enhances the model's confidence level, assessed as high. The remaining lease of this property is a critical factor in its valuation, as it influences buyer sentiment and investment decisions. As lease longevity is a key determinant in the attractiveness of HDB properties, the 50-year lease offers a balanced opportunity for both owner-occupiers and investors, thereby supporting the current valuation in a competitive market landscape.