4-Room HDB for Room Rent: 251 Hougang Avenue 3

The valuation of the 4-room HDB property located in Hougang, with a remaining lease of 57 years, stands at an estimated value of $70,732, translating to a price per square foot (PSF) of $472. This valuation is particularly noteworthy given the prevailing market conditions, where the estimated value reflects a 0% difference from the baseline market price. Such stability suggests a balanced demand and supply scenario in the Hougang vicinity, reinforcing the resilience of the HDB market in this region.

With a high model confidence rating, derived from an extensive analysis of 151 recent HDB resale transactions in the area, the data supports a robust understanding of current market dynamics. The longevity of the remaining lease, at 57 years, is a significant factor, allowing potential buyers to consider both immediate residence and long-term investment potential. The Hougang area continues to exhibit strong fundamentals, underscoring its appeal among homebuyers and investors alike, as evidenced by the consistent pricing trends observed in recent transactions.