Common Room (HDB) for Rent in 965 Hougang Avenue 9

The valuation of the HDB 4-room unit in Hougang, with a remaining lease of 71 years, stands at an estimated value of $49,390, translating to a price per square foot (PSF) of $617. This valuation demonstrates a strong alignment with the prevailing market conditions, as indicated by its 0% variance from the baseline market price. Such stability in pricing is a testament to the region's robust demand and the overall health of the HDB resale market, which has seen 489 transactions in the vicinity recently.

With a model confidence rating of High, this valuation reflects a comprehensive analysis of the local real estate landscape, taking into account recent sales data and market trends. The remaining lease of 71 years is a significant factor in the valuation, as it provides prospective buyers with a substantial period of ownership before lease expiry. In an environment where leasehold properties are often scrutinized for their remaining lease duration, this unit's lease length positions it favorably within the market. Investors and homeowners alike should consider this property as a stable asset in a continuously evolving market.