Common Room (HDB) for Rent in 706 Hougang Avenue 2

In the bustling heart of Hougang, this HDB 2-room unit, with a remaining lease of 57 years, is currently valued at an estimated $62,805, translating to a price per square foot of $628. This valuation is supported by a robust analysis of 114 recent HDB resale transactions in the vicinity, providing a strong foundation for our assessment. The market signal indicates a stable pricing environment, with no deviation from the baseline, reflecting a balanced demand and supply scenario in this popular residential enclave.

The high model confidence rating reinforces the reliability of our estimate, suggesting that market conditions are favorable for both buyers and sellers. With the remaining lease of 57 years, this property offers an attractive proposition for prospective homeowners and investors alike, especially considering the increasing desirability of Hougang as a residential district. As the landscape of Singapore's real estate continues to evolve, understanding these dynamics is crucial for making informed decisions in this competitive market.