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

The valuation of the 4-room HDB unit in Hougang, with an estimated value of $79,636 or $531 per square foot, reflects the current stability in the local real estate market. With a remaining lease of 60 years, this property caters to a demographic seeking affordability in a well-established residential district. The market price shows a 0% difference from the baseline, indicating that the valuation is aligned closely with recent market trends, which is a positive signal for prospective buyers and investors alike.

Our analysis is bolstered by a robust dataset of 487 recent HDB resale transactions in the vicinity, lending a high degree of confidence to this valuation. The stability observed in the market dynamics suggests that demand for HDB properties in Hougang remains resilient, despite the typical challenges associated with aging leases. This positioning not only underscores the attractiveness of the unit but also highlights the adaptability of the HDB market in accommodating varying buyer preferences, particularly in a densely populated area like Hougang.