Common Room (HDB) for Rent in 242 Hougang Street 22

The valuation of the HDB 2-room unit in Hougang, with a remaining lease of 57 years, stands at an estimated value of $67,202, translating to a price per square foot (PSF) of $628. This valuation is significant as it reflects the current market dynamics in the vicinity, with no deviation from the baseline market price. The high confidence level in this model suggests a robust analytical framework, supported by a substantial dataset of 114 recent HDB resale transactions in the area.

As the remaining lease term is a critical factor in HDB property valuations, the 57-year lease provides a balanced outlook for potential buyers. This duration offers sufficient time for future appreciation while mitigating concerns associated with shorter leases. Given the stable market price observed, this property exemplifies the resilience of the Hougang district within the broader Singaporean real estate landscape, highlighting its appeal among both owner-occupiers and investors seeking value in a well-established neighborhood.