3 Room (3I) HDB for Rent in 644 Hougang Avenue 8

The valuation of the 3-room HDB unit in Hougang, with a remaining lease of 59 years, is estimated at $398,219, translating to a price per square foot of $531. This valuation reflects a market equilibrium, as indicated by a 0% difference from baseline. The absence of price fluctuation suggests a stable demand in the area, likely driven by the unit's strategic location, which offers accessibility to essential amenities and public transport.

However, it is crucial to note that the model confidence for this valuation is classified as low, primarily due to limited data derived from only two recent HDB resale transactions in the vicinity. This scarcity of comparable sales could introduce variability in market perceptions and demand dynamics, particularly as potential buyers weigh the implications of the remaining lease on their investment horizon. As such, prospective investors should consider both the inherent value of the property and the broader market trends that may influence pricing in the coming years.