3-Room HDB for Room Rent: 698 Hougang Street 61.

In the vibrant district of Hougang, the valuation of a HDB 3-room unit with a remaining lease of 60 years has been estimated at $102,798, translating to a price per square foot (PSF) of $571. This valuation reflects a market signal indicating a 0% difference from the baseline, suggesting that the property is priced in alignment with current market expectations. The stability in pricing is indicative of the relatively subdued dynamics within the HDB resale market, particularly in this neighbourhood, where demand may be tempered by the remaining lease duration.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the limited data set, with only one recent resale transaction in the vicinity serving as the basis for this estimate. This lack of robust transaction data may reflect broader market uncertainties or a potential hesitance from buyers regarding properties with shorter remaining leases. As the real estate landscape continues to evolve, stakeholders should closely monitor future transactions and market trends that could influence the pricing dynamics for HDB properties in Hougang.