Common Room (HDB) for Rent in 692 Hougang Street 61

In the current valuation of a 4-room HDB unit located in the vibrant district of Hougang, we observe a notable estimated value of $79,636, translating to a price per square foot (PSF) of $531. This valuation reflects a significant market stability, as indicated by a market price that registers a 0% difference from the baseline. Such a finding suggests that the property is positioned well within the prevailing market conditions, aligning with the broader trends observed in the HDB resale segment.

The remaining lease of 60 years on this property is a critical factor influencing its valuation, as it provides potential buyers with a substantial period of occupancy while balancing the inherent risks associated with shorter lease tenures. Our analysis is bolstered by a robust dataset, having incorporated 487 recent HDB resale transactions in the vicinity, which lends high confidence to this model's accuracy. The current demand dynamics within the Hougang area, combined with a consistent transaction history, position this HDB unit as a viable investment option for discerning buyers looking to capitalize on Singapore's evolving residential landscape.