Executive HDB for Rent in 358 Hougang Avenue 5

The valuation of the HDB Executive property in Hougang, with a remaining lease of 72 years, currently stands at an estimated value of $995,365, translating to a price per square foot (PSF) of $642. This valuation reflects a market signal indicating a 0% difference from the baseline, suggesting that the current price aligns closely with prevailing market rates. Such stability in pricing can be indicative of a balanced demand-supply equation in the Hougang area, which is historically known for its family-friendly environment and accessibility to amenities.

However, it is essential to note the model confidence rating, which is categorized as low. This caution stems from the reliance on only two recent HDB resale transactions within the vicinity, which may not provide a comprehensive view of the market dynamics. The limited transactional data could suggest a period of stagnation or a narrowing of buyer interest in this segment. As such, potential investors and homeowners should remain vigilant and consider the broader economic indicators and future development plans in the region, which could influence the property’s long-term value and leasehold dynamics.