3 Room (3NG) HDB for Rent in 22 Hougang Avenue 3

The valuation of the HDB 3-room unit in Hougang, with a remaining lease of 51 years, is estimated at $288,098, translating to approximately $400 PSF. This valuation reflects a stable market condition with a 0% difference from the baseline, indicating that the property is currently priced in alignment with recent market trends. The medium confidence level in this valuation suggests that while the data is solid, there may be fluctuations in buyer sentiment or external economic factors that could influence future pricing.

Analyzing the market dynamics, the valuation is supported by insights from 9 recent HDB resale transactions in the vicinity, which provide a robust basis for understanding local pricing trends. The remaining lease period of 51 years is a critical factor, as it may impact buyer interest and financing options. In Singapore's property market, longer leases tend to attract a broader range of buyers, while shorter leases can deter potential investors due to concerns about lease decay. Overall, this HDB property in Hougang presents a compelling opportunity for buyers seeking value in a stable residential area.