Executive HDB for Sale in 851 Hougang Central

The valuation of the HDB Executive unit in Hougang, with a remaining lease of 68 years, stands at an estimated value of $1,108,475, translating to a price per square foot (PSF) of $731. This valuation is reflective of the current market dynamics, with a 3.7% difference from the baseline price, suggesting a moderate variance indicative of local market conditions. The Hougang area, known for its vibrant community and accessibility, continues to attract interest from both first-time buyers and investors, contributing to the relative stability in property valuations.

However, it is essential to note that the model confidence for this valuation is categorized as low, based on only three recent HDB resale transactions in the vicinity. This limited dataset may affect the reliability of the estimated value, as market fluctuations and unique property characteristics can significantly influence pricing. In addition, the remaining lease of 68 years is a crucial factor in the valuation, as shorter leases often lead to increased caution among potential buyers, impacting the overall market sentiment. As such, stakeholders should remain vigilant to ongoing market trends and consider the implications of lease duration on future resale potential.