5-Room HDB for Room Rent: 911 Hougang Street 91

The valuation of the HDB 5 Room unit in Hougang, with a remaining lease of 69 years, stands at an estimated value of $619,400, translating to a price per square foot (PSF) of $576. This valuation is particularly significant as it reflects a market price that aligns perfectly with the baseline, indicating a stable demand and supply equilibrium in the region. Such stability is supported by a robust dataset, comprising 154 recent HDB resale transactions in the vicinity, which lends a high level of confidence to this model's predictive accuracy.

In the current market dynamics, the Hougang area has demonstrated resilience, particularly in the context of HDB leases and their perceived value among buyers. The remaining lease of 69 years is a crucial factor influencing buyer sentiment, as properties with longer leases are often favored in terms of investment potential. As the market continues to evolve, this HDB unit not only reflects the current pricing trends but also underscores the importance of lease duration in shaping property valuations. With a model confidence rating of high, stakeholders can be assured of the reliability of this valuation amidst the broader fluctuations in the Singapore real estate landscape.