Common Room (HDB) for Rent in 201 Hougang Street 21

The valuation of the 2-room HDB unit in Hougang, with a remaining lease of 57 years, stands at an estimated value of $96,904, translating to a price per square foot (PSF) of $646. This valuation is particularly noteworthy given the current market dynamics, where the property reflects a market price that is consistent with baseline expectations, showing a 0% difference. Such stability in pricing indicates a balanced market condition, suggesting that demand aligns well with supply in this region.

With a robust model confidence rating of High, this valuation is reinforced by analysis of 114 recent HDB resale transactions in the vicinity, which provide a solid empirical foundation for the estimated value. The longevity of the remaining lease also plays a critical role in maintaining the property's appeal, as properties with longer leases tend to attract buyers looking for stability and investment potential. Overall, the Hougang HDB market demonstrates resilience, reflecting both the desirability of the area and the continued interest in HDB living as a viable housing option in Singapore.