5-Room HDB for Room Rent: 417 Hougang Avenue 8

The valuation of the HDB 5-room unit in Hougang, with a remaining lease of 61 years, stands at an estimated value of $48,818, translating to a price per square foot (PSF) of $488. This valuation reflects a market condition where the property price shows a 0% difference from the baseline, indicating a stable market environment with no inflationary pressures. The use of a robust dataset comprising 110 recent HDB resale transactions in the vicinity reinforces the reliability of this estimate, contributing to a high model confidence rating.

As the remaining lease of 61 years is a critical factor in HDB valuations, it positions this property within a competitive segment of the market, appealing to both first-time buyers and families seeking spacious accommodations in a well-established neighborhood. The consistent pricing signals a balanced demand and supply dynamic, suggesting that properties in this area maintain their value well amidst fluctuations in the broader real estate market. With the ongoing urban development and improvements in local infrastructure, Hougang continues to attract potential buyers, which may further sustain or enhance property values in the near future.