5 Room (5I) HDB for Sale in 838 Hougang Central

The valuation of the 5-room HDB unit in Hougang, currently estimated at $977,052 or $776 PSF, reflects a nuanced understanding of the local real estate dynamics, particularly considering the remaining lease of 68 years. This timeframe is significant, as properties in Singapore, especially HDBs, tend to experience varied demand based on their lease tenure. In this case, the relatively long remaining lease provides a stable foundation for value retention, albeit with a cautious outlook given the market conditions.

The current market signal indicates a 2.1% difference from the baseline, which suggests a slight upward movement in pricing relative to comparable properties in the area. However, the model confidence is categorized as low, primarily due to the limited data set, with only one recent HDB resale transaction informing this valuation. This scarcity of transaction data can lead to potential volatility in pricing trends, making it imperative for prospective buyers and investors to approach this valuation with a discerning perspective, particularly as they weigh the implications of long-term leasehold properties in a rapidly evolving market.