3 Room (3NG) HDB for Sale in 20 Hougang Avenue 3

The valuation of the HDB 3-room unit in Hougang, with an estimated value of $305,699, reflects a significant market signal that positions it above the prevailing market rate by 46.5%. Priced at $389 per square foot, this property merits a closer examination given its remaining lease of 50 years, which is a crucial factor influencing its long-term investment potential. The elevated valuation suggests heightened demand in the area, possibly driven by factors such as accessibility, local amenities, and the overall attractiveness of Hougang as a residential hub.

However, the model confidence for this valuation is categorized as low, which indicates potential volatility in the market or discrepancies in comparable sales data. Based on only four recent resale transactions in the vicinity, it becomes imperative to approach this valuation with caution. The disparity from the baseline market value may reflect unique attributes of the property or broader market trends influencing HDB prices. Investors and prospective homeowners should consider these dynamics carefully, balancing the appeal of a well-located unit with the realities of an aging lease and the associated risks in the Singapore property market.