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

The valuation of the HDB 3-room unit in Hougang, with a remaining lease of 58 years, stands at an estimated value of $407,495 or $591 PSF. This evaluation reflects a market signal indicating a 0% difference from the baseline, suggesting that the property is currently priced in line with prevailing market conditions. The low confidence level associated with this model indicates a degree of uncertainty, which may be attributed to the limited data pool derived from only six recent HDB resale transactions in the vicinity. Such a narrow dataset may not fully capture the variability and nuances of the local market dynamics.

As the lease term remains a critical factor in HDB valuations, the 58-year lease period positions this property within a transitional phase of its market appeal. In general, properties with shorter remaining leases may experience depreciation in value, particularly as they approach the end of their tenure. However, the stability in current pricing suggests a resilient demand for HDB flats in Hougang, potentially driven by factors such as community amenities, transport accessibility, and overall livability in the region. Investors and homeowners alike should consider these elements when evaluating the long-term viability of this property.