Master Room (4NG) HDB for Rent in 661 Hougang Avenue 4

The valuation of the HDB 2 Room unit located in Hougang, with a remaining lease of 59 years, stands at an estimated market value of $159,336, translating to a price per square foot (PSF) of $637. This valuation is particularly noteworthy as it reflects a market price that is in line with the baseline, indicating a stable demand in the locality. The level of market activity is underscored by the analysis of 114 recent HDB resale transactions within the vicinity, which provides a robust dataset for establishing the current market dynamics.

Given the high model confidence associated with this valuation, it suggests a strong alignment between the estimated value and prevailing market conditions. The Hougang area has shown resilience in its property values, and the remaining lease of 59 years offers ample opportunity for potential buyers looking for a long-term investment. As such, this property not only represents a viable option for homeownership but also reflects broader market trends that indicate stability in the HDB resale market.