Common Room (HDB) for Rent in 237 Hougang Street 21

The valuation of the 4-room HDB unit in Hougang, with a remaining lease of 56 years, stands at an estimated value of $74,498, translating to a price per square foot (PSF) of $497. This valuation reflects a significant alignment with the current market dynamics, as indicated by a market price deviation of 0% from the baseline. Such stability in pricing suggests a robust demand for HDB properties in the Hougang area, underpinned by a consistent level of buyer interest and a limited supply of comparable units.

Notably, the model confidence for this valuation is rated as high, based on a comprehensive analysis of 489 recent HDB resale transactions within the vicinity. This substantial data set reinforces the reliability of the valuation and indicates a well-established market trend. The remaining lease of 56 years presents a critical factor in the long-term investment potential for buyers, as properties with longer leases tend to command higher interest and value retention over time. In conclusion, this valuation not only reflects current market conditions but also signals a favorable environment for both sellers and buyers navigating the HDB landscape in Hougang.