Terraced House for Room Rent: Lorong 7 Realty Park

The valuation of the HDB 2-room unit in Hougang, with a remaining lease of 75 years, is set at an estimated value of $82,777, translating to a price per square foot (PSF) of $828. This assessment reflects a market equilibrium, with the current pricing showing a 0% difference from the baseline. Such stability indicates a well-balanced demand and supply scenario within the local housing market, particularly in a district that is known for its vibrant community and accessibility.

Our model confidence in this valuation is categorized as high, supported by a comprehensive analysis of 113 recent HDB resale transactions in the vicinity. This robust dataset allows for a precise understanding of market dynamics, revealing that the Hougang area remains resilient amidst broader economic fluctuations. The longevity of the remaining lease further enhances the attractiveness of this property, providing potential homeowners with a sense of security and investment longevity in a highly sought-after residential locale.