Common Room (HDB) for Rent in 910 Hougang Street 91

The valuation of the 2-room HDB unit located in Hougang, with a remaining lease of 69 years, stands at an estimated value of $268,866, translating to a price per square foot of $747. This valuation reflects a market price that is in equilibrium, exhibiting a 0% difference from the baseline. Such stability in pricing is indicative of a resilient market, particularly in the context of the Hougang locale, which is characterized by a diverse demographic and robust demand for public housing.

Our analysis draws on data from 112 recent HDB resale transactions in the vicinity, providing a comprehensive insight into market dynamics. The high confidence level associated with this model suggests a strong alignment between the estimated value and actual market conditions. As the remaining lease period is substantial, buyers can expect a reasonable return on investment, further enhanced by the ongoing popularity of the Hougang area. This valuation not only underscores the competitiveness of the HDB market but also highlights the importance of strategic location and lease duration in influencing property value.