Common Room (HDB) for Rent in 361 Hougang Avenue 5

The valuation of the HDB 4-room unit in Hougang, with a remaining lease of 64 years, stands at an estimated value of $35,060, equating to a price per square foot (PSF) of $584. This valuation is particularly noteworthy given its alignment with the market price, indicating a stable demand within this segment of the residential property market. With a market signal reflecting a 0% difference from the baseline, it suggests that the current pricing is consistent with the prevailing trends observed in the vicinity.

Our analysis, grounded in 489 recent HDB resale transactions in the area, reveals a robust market confidence, underscored by a high model confidence rating. This data reinforces the notion that the Hougang area remains a sought-after locale for HDB buyers, despite the decreasing lease duration. The remaining lease of 64 years is a critical factor, as it balances the attractive historical appreciation of HDB properties against the potential future depreciation as the lease approaches its end. Overall, this valuation presents a compelling opportunity for both potential buyers and investors seeking to navigate the evolving landscape of Singapore's HDB market.