5-Room HDB for Room Rent: 707 Hougang Avenue 2

The valuation of the HDB 5-room property in Hougang, with a remaining lease of 58 years, stands at an estimated value of $60,984, translating to a price per square foot (PSF) of $469. This valuation reflects a market signal that aligns closely with the baseline, indicating a 0% difference from the average market price in the vicinity. Such stability in pricing suggests a balanced demand-supply dynamic in the Hougang area, where recent transactions have not deviated significantly from established benchmarks.

However, it is crucial to note that the model confidence for this valuation is categorized as low, which implies that the data-driven analysis may be influenced by various external factors, including economic conditions and buyer sentiment. The reliance on only three recent HDB resale transactions in the vicinity may further amplify the uncertainty surrounding this valuation. Investors and homeowners should consider these dynamics when evaluating the potential for appreciation or investment viability of this property given its remaining lease period and surrounding market conditions.