Common Room (HDB) for Rent in 239 Hougang Street 22

The valuation for the HDB 2 Room unit in Hougang, with a remaining lease of 57 years, stands at an estimated value of $75,308, translating to a price per square foot (PSF) of $628. This valuation reflects a significant alignment with current market dynamics, as indicated by a 0% difference from the baseline market price. Such stability suggests a well-balanced demand and supply environment in this particular segment of the HDB market, highlighting the resilience of the Hougang area as a desirable living locale.

With a robust model confidence rating of high, this valuation is substantiated by an analysis of 114 recent HDB resale transactions in the vicinity. The data indicates a sustained interest in HDB properties, particularly in regions like Hougang, where amenities, connectivity, and community facilities contribute to its appeal. As the remaining lease period is a crucial factor affecting HDB values, the 57-year lease on this property provides a reasonable time frame for potential buyers, ensuring that it remains a viable investment choice. The findings point to a stable market outlook, reinforcing the potential for continued value retention in the future.