3 Room (3NG) HDB for Rent in 322 Hougang Avenue 5

In the current real estate landscape of Singapore, the valuation of the HDB 3-room unit located in Hougang presents a nuanced picture. With an estimated value of $501,360 or $695 PSF, this property is positioned at a critical juncture, reflecting the broader trends in the HDB market. The remaining lease of 72 years is a significant factor, as it provides potential buyers with a considerable duration before lease decay becomes a concern. However, the model confidence in this valuation is classified as low, indicating a reliance on limited data points that may not fully capture the complexities of the local market.

The valuation aligns closely with the market price, showing a 0% difference from the baseline, which suggests a stable market condition without immediate upward or downward pressures. This stability can be attributed to the recent transaction data, with only one resale transaction noted in the vicinity. Such limited transactional activity may contribute to the cautious market sentiment observed among buyers and sellers. As a result, potential investors should approach this property with a keen awareness of the current lease dynamics and the overall market sentiment, ensuring that they make informed decisions in a landscape characterized by uncertainty.