3 Room (3NG) HDB for Sale in 21 Hougang Avenue 3

The valuation of the HDB 3-room unit in Hougang, with a remaining lease of 50 years, indicates a notable market position. Estimated at $305,973, or $390 per square foot, this property is currently positioned 34% above the baseline market value. This premium pricing underscores a significant demand for HDB units in the Hougang area, reflecting both the desirability of the location and the dynamics of the resale market.

The model demonstrates high confidence based on a comprehensive analysis of 52 recent HDB resale transactions within the vicinity. This robust dataset not only validates the current valuation but also highlights a trend where properties within this locality command higher prices, possibly due to factors such as improved amenities, proximity to transport links, and community developments. As the market evolves, potential buyers should consider the implications of the remaining lease period, which plays a critical role in long-term investment value, particularly in a landscape where leasehold properties are increasingly scrutinized.