4 Room (4NG) HDB for Sale in 415 Hougang Avenue 10

The valuation of the 4-room HDB unit in Hougang, with a remaining lease of 57 years, stands at an estimated value of $495,200, translating to a price per square foot (PSF) of $505. This valuation is notably above market expectations, reflecting a substantial 37.3% premium over the baseline price for similar properties in the area. Such a significant divergence from the baseline indicates strong demand dynamics influencing the local HDB market, particularly in the Hougang vicinity.

Our analysis, based on 488 recent HDB resale transactions in the area, reveals a high confidence level in this valuation model. The robust transaction volume underscores a healthy market activity, suggesting that buyers are willing to pay a premium for properties that offer desirable attributes such as location, amenities, and potential for future appreciation. Additionally, the remaining lease of 57 years still provides a reasonable tenure for homeowners, further bolstering the attractiveness of this listing in a competitive market environment.