3 Room (3STD) HDB for Rent in 109 Hougang Avenue 1

The valuation of this HDB 3-room unit in Hougang, with a remaining lease of 55 years, stands at an estimated value of $353,100, translating to a price per square foot (PSF) of $465. This valuation reflects a market price that is aligned with the baseline, indicating no significant fluctuations in demand or pricing trends for similar properties in the area. Such stability in price can often suggest a balanced market, where buyer and seller sentiments are closely matched.

However, it is crucial to note the model confidence is categorized as low, which suggests that the current valuation may be influenced by limited market data, derived from only seven recent HDB resale transactions in the vicinity. This scarcity of comparable sales can lead to a less reliable valuation model, emphasizing the need for prospective buyers to conduct thorough due diligence. The remaining lease of 55 years also plays a pivotal role in the valuation, as properties with shorter leases may face depreciation in value as they approach the end of their tenure. In a market where leasehold dynamics are increasingly scrutinized, this factor could influence long-term investment considerations.