3 Room (3NG) HDB for Rent in 313 Hougang Avenue 5

The valuation of the HDB 3-room unit located in Hougang, with a remaining lease of 54 years, is estimated at $355,817, translating to $516 per square foot (PSF). This valuation reflects a market price that is consistent with the baseline, indicating a 0% difference from the starting point of market expectations. The stability of this valuation suggests that the property is positioned well within the current market dynamics, appealing to both first-time buyers and investors alike.

Analyzing the surrounding market, this valuation is supported by data derived from 8 recent HDB resale transactions in the vicinity, which further reinforces the property’s competitive standing. The model confidence is classified as medium, suggesting that while the data is solid, potential fluctuations in buyer sentiment and external economic factors could still influence future market behavior. Given the remaining lease of 54 years, it is crucial for prospective buyers to consider the implications of leasehold properties in Singapore, as this can significantly impact long-term value retention and resale potential.