Master Room (HDB) for Rent in 617 Hougang Avenue 8

In the vibrant district of Hougang, the valuation of a 2-room HDB property with a remaining lease of 58 years stands at an estimated value of $191,722, translating to a price per square foot (PSF) of $639. This valuation reflects a market signal indicating a 0% difference from the baseline, suggesting that current pricing is in alignment with prevailing market conditions. Such stability is noteworthy, especially given the dynamic nature of Singapore's real estate landscape.

The model confidence for this valuation is categorized as high, bolstered by a robust dataset comprising 114 recent HDB resale transactions within the vicinity. This comprehensive analysis not only provides a reliable benchmark for prospective buyers and investors but also underscores the resilience of the Hougang market. The presence of a 58-year lease remaining adds a layer of appeal, as it positions the property within a manageable timeframe for both end-users and investors, ensuring continued interest in this segment of the market amidst fluctuating economic conditions.