Common Room (HDB) for Rent in 108 Hougang Avenue 1

The valuation of the HDB 2 Room unit in Hougang, with a remaining lease of 72 years, is estimated at $47,600, translating to a price per square foot (PSF) of $793. This valuation is particularly compelling given that it represents a market price with a 0% deviation from the baseline, indicating a stable and balanced market condition for similar properties in this area. Such a valuation reflects the resilient demand for HDB units in Hougang, which is supported by a well-established community infrastructure and proximity to essential amenities.

In analyzing the market dynamics, it is noteworthy that the model confidence is rated as high, based on a robust dataset of 114 recent HDB resale transactions in the vicinity. This level of confidence suggests a strong reliability of the valuation, underpinned by comprehensive market analysis and trends observed in the Hougang region. As the remaining lease of 72 years continues to provide a substantial timeframe for ownership, potential buyers may view this property as a viable investment, particularly in a landscape where HDBs remain a cornerstone of Singapore’s housing market.