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

The valuation of the HDB 2 Room unit in Hougang, with a remaining lease of 57 years, reflects a calculated estimated value of $75,308, translating to a price per square foot (PSF) of $628. This valuation is indicative of a stable market condition, as evidenced by a 0% difference from the baseline. Such a positioning suggests that the property is well-aligned with current market trends, with no significant fluctuations impacting its value.

Our analysis draws from a robust dataset comprising 114 recent HDB resale transactions within the vicinity, ensuring a comprehensive understanding of local market dynamics. The high confidence level in this valuation underscores the reliability of the model utilized, which integrates various economic indicators and historical sales performance. The remaining lease of 57 years is a critical factor, as it suggests a moderate degree of longevity for potential buyers, balanced against the implications of leasehold properties in Singapore's unique real estate landscape. As the market evolves, this property stands as a compelling option for investors and homeowners alike, reflecting a prudent investment in a well-established neighborhood.