Common Room (HDB) for Rent in 409 Hougang Avenue 10

The valuation of the HDB 2 Room unit in Hougang, with a remaining lease of 57 years, stands at an estimated value of $64,653, translating to $647 per square foot (PSF). This valuation is derived from a robust analysis of recent market activity, specifically referencing 114 recent HDB resale transactions within the vicinity, which provides a comprehensive view of current market dynamics. The model confidence for this valuation is rated as high, indicating a strong alignment between the estimated value and prevailing market conditions.

Notably, the market signal indicates a 0% difference from the baseline, suggesting that the property’s valuation is in equilibrium with current market trends. This stability may reflect broader economic factors affecting the Hougang area, including demographic shifts and local infrastructure developments that contribute to the desirability of HDB living. As the remaining lease of 57 years is considered moderate in the HDB context, potential buyers may weigh the long-term implications of leasehold terms against the current valuation, underscoring the importance of careful consideration in the investment decision process.