3 Room (3A) HDB for Rent in 511 Hougang Avenue 10

The valuation of the HDB 3-room unit located in Hougang, with a remaining lease of 58 years, stands at an estimated value of $407,495, translating to a price per square foot of $591. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand within the locality. Notably, the price point suggests that the property is positioned competitively in the current market landscape, especially given its proximity to essential amenities and transport links that are characteristic of Hougang.

However, it is essential to highlight the low model confidence associated with this valuation. The analysis draws upon six recent HDB resale transactions in the vicinity, which provides a limited dataset to gauge the broader market dynamics effectively. With the remaining lease of 58 years, potential buyers may exhibit varying levels of sentiment towards the longevity of the lease term, which could impact future resale values. As such, while the current valuation aligns well with market expectations, stakeholders should remain vigilant about evolving trends and shifts in buyer preferences that could influence the HDB landscape in Hougang moving forward.