3 Room (3NG) HDB for Sale in 708 Hougang Avenue 2

The valuation of the HDB 3 Room property located in Hougang, with a remaining lease of 57 years, stands at an estimated value of $355,989, translating to $494 PSF. This valuation is significant, as it reflects a market signal that is notably above the baseline, with a differential of 34.8%. Such a premium suggests strong demand dynamics for the property type within the Hougang enclave, which is characterized by its well-established community amenities and accessibility to public transport.

Our valuation model, based on an extensive analysis of 292 recent HDB resale transactions in the vicinity, demonstrates a high level of confidence in this estimate. The elevated price per square foot indicates that buyers are willing to invest more than the typical market rate, likely driven by the property’s desirable location and the overall attractiveness of Hougang as a residential choice. The remaining lease of 57 years also positions this property favorably for long-term investment, appealing to both first-time buyers and investors looking for potential capital appreciation.