3 Room (3NG) HDB for Sale in 701 Hougang Avenue 2

The valuation for the 3-room HDB unit in Hougang, with a remaining lease of 57 years, stands at an estimated value of $348,749, translating to $484 PSF. This price reflects a significant premium, being approximately 26.2% above the baseline market valuation, indicating a heightened demand or unique appeal of this property within the local market context.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on a limited dataset, with only one recent resale transaction available for comparative analysis in the vicinity. This scarcity of transaction data may suggest fluctuations in buyer sentiment or specific market dynamics affecting this segment of the HDB market in Hougang. As such, potential investors should exercise caution and consider the implications of the remaining lease period, as properties with shorter leases may face depreciation in value as they approach the end of their lease terms.