Common Room (HDB) for Rent in 108 Hougang Avenue 1

The valuation of the HDB 2-room unit in Hougang, with a remaining lease of 72 years, stands at an estimated value of $47,567, equating to a price per square foot (PSF) of $793. This valuation reflects a stable market condition, as indicated by the market signal of 0% difference from the baseline, suggesting that the property is positioned at a fair market rate amidst current economic dynamics. The consistency in pricing illustrates the resilience of the Hougang property market, which has shown robust demand due to its strategic location and accessibility to essential amenities.

Model confidence for this valuation is rated high, supported by empirical data derived from 115 recent HDB resale transactions in the vicinity. This substantial sample size reinforces the reliability of the valuation, indicating a balanced supply-demand equation in the market. Furthermore, the remaining lease of 72 years presents a favorable investment opportunity, as prospective buyers are likely to appreciate the longevity of the lease, thus enhancing the property's attractiveness in a competitive market landscape.