3 Room (3NG) HDB for Rent in 678 Hougang Avenue 8

The valuation of the 3-room HDB property in Hougang, with a remaining lease of 59 years, places its estimated value at $395,528, translating to approximately $574 per square foot. This valuation reflects a cautious approach given the current market signals, indicating a 0% difference from the baseline. Such a stable market price suggests that demand and supply dynamics are relatively balanced in this locality, which is critical for potential buyers and investors looking for stability in their real estate investments.

However, it is important to note that the model confidence in this valuation is categorized as low, primarily due to the limited data set available, with only one recent HDB resale transaction recorded in the vicinity. This lack of transaction volume can lead to fluctuations in perceived value, and thus, stakeholders should exercise caution. The 59-year lease remaining on the property is a significant factor, as it positions the property in a segment of the market where buyers are increasingly conscientious of leasehold terms. As the HDB market continues to evolve, understanding these nuances will be essential for informed decision-making.