4-Room HDB for Room Rent: 665 Hougang Avenue 4

The valuation of the HDB 4-room unit in Hougang, with a remaining lease of 72 years, stands at an estimated value of $63,749, translating to a price per square foot (PSF) of $637. This valuation reflects a market price that shows no deviation from the baseline, indicating a stable and consistent demand in the area. Such equilibrium in pricing suggests that the local real estate market is currently in a state of balance, where supply is aligning well with buyer expectations.

The model confidence for this valuation is categorized as high, based on an extensive analysis of 488 recent HDB resale transactions within the vicinity. This robust data set enhances the reliability of the valuation, reinforcing the property’s competitive standing in a neighborhood characterized by vibrant community dynamics and accessibility to amenities. Investors and homeowners alike may find this property appealing, given the favorable lease tenure and the strategic location within a well-connected district.