Common Room (HDB) for Rent in 968 Hougang Avenue 9

The valuation of the HDB 4-room unit in Hougang, with a remaining lease of 71 years, stands at an estimated value of $61,734, translating to a price per square foot (PSF) of $617. This valuation reflects the current market dynamics, showcasing a market price that aligns perfectly with the baseline, indicating no deviation in pricing trends. Such equilibrium in valuation suggests a stable market environment where buyers and sellers exhibit a balanced perception of value, likely influenced by ongoing socio-economic factors and infrastructural developments in the region.

Our analysis is grounded in a robust dataset comprising 489 recent HDB resale transactions in the vicinity, which supports a high confidence level in the model's accuracy. This substantial transaction pool not only reinforces the reliability of the estimated value but also highlights the competitive landscape of Hougang as a desirable residential locale. The remaining lease period of 71 years represents a significant factor in the valuation, as it aligns with the preferences of potential buyers who typically seek properties with longer leases, thereby enhancing the attractiveness of this HDB unit in the current market context.