5 Room (5I) HDB for Sale in 532 Hougang Avenue 6

The valuation of the HDB 5-room unit in Hougang, with a remaining lease of 59 years, stands at an estimated value of $599,017, translating to a price per square foot (PSF) of $460. This valuation signals a noteworthy premium in the current market, reflecting a substantial 30% increase from the baseline price derived from comparable properties. Such a significant divergence from the baseline indicates a strong demand for HDB units in the Hougang region, which is often characterized by its vibrant community and accessibility to essential amenities.

However, the model confidence associated with this valuation is categorized as low, warranting a cautious interpretation. The analysis is based on five recent HDB resale transactions in the vicinity, which provide a limited dataset to accurately gauge market trends. Factors such as the remaining lease, location desirability, and evolving buyer preferences in Singapore's real estate landscape could significantly influence market dynamics. As we navigate through the complexities of the Hougang property market, it is imperative for potential buyers and investors to consider both the premium pricing and the inherent risks associated with lower model confidence in their decision-making processes.