4-Room HDB for Room Rent: 413 Hougang Avenue 10

The valuation of the HDB 4-room unit in Hougang, with a remaining lease of 57 years, stands at an estimated value of $76,314, translating to a price per square foot (PSF) of $509. This valuation reflects a stable market condition, as evidenced by a 0% deviation from the baseline market price. Such stability indicates that the property is currently aligned with prevailing market trends, making it a potentially attractive option for buyers seeking long-term residential options in the region.

However, it is essential to note the model confidence for this valuation is classified as low, primarily due to the limited data set, which is based on only two recent HDB resale transactions in the vicinity. This caution suggests that while the current price appears stable, fluctuations could occur as the market evolves. Buyers should consider the implications of the remaining lease, as properties with shorter leases may experience more significant pricing impacts in the future. As such, stakeholders are advised to monitor the local market dynamics closely to make informed decisions.