Common Room (HDB) for Rent in 2 Hougang Avenue 3

The valuation of the HDB 2-room unit in Hougang, with a remaining lease of 47 years, stands at an estimated value of $77,680, translating to a price per square foot (PSF) of $518. This valuation is particularly significant as it reflects a market price that shows a 0% difference from the baseline, indicating a stable market environment where the property is priced in alignment with prevailing market conditions. Such stability is crucial for potential buyers and investors, as it suggests a balanced demand and supply scenario in the region.

Our analysis draws on a robust dataset comprising 114 recent HDB resale transactions in the vicinity, which lends a high level of confidence to this valuation. The strong model confidence indicates that the trends observed are not only reflective of the current market but also suggest a sustained interest in properties within this locality. The remaining lease of 47 years is a vital factor in the valuation, as it underscores the longevity and investment potential of the property amidst Singapore's unique leasehold landscape. As the HDB market continues to navigate various economic factors, properties like this one in Hougang present a compelling opportunity for both first-time homebuyers and seasoned investors alike.