Common Room (HDB) for Rent in 106 Hougang Avenue 1

In the current analysis of the HDB 2 Room unit located in Hougang, the property exhibits a strong valuation dynamic with an estimated value of $36,345, translating to a price per square foot (PSF) of $606. This valuation reflects a stable market signal, showing a 0% difference from the baseline, indicating that the property is priced in alignment with market expectations. The model confidence for this valuation is rated as high, based on a comprehensive review of 112 recent HDB resale transactions within the vicinity, reinforcing the credibility of the assessed value.

The remaining lease of 55 years is a pivotal factor in the valuation, as it positions this property favorably within the current market landscape. Given the long remaining lease, potential buyers can capitalize on both the functionality of the unit and the anticipated demand for HDB properties in Hougang, a region known for its accessibility and community amenities. This stability in pricing and demand is further underscored by the ongoing trends in the HDB market, which continue to show resilience amidst evolving economic conditions. Consequently, this property represents a well-informed investment opportunity for discerning buyers looking to secure a foothold in Singapore's dynamic real estate market.