Common Room (HDB) for Rent in 239 Hougang Street 22

The valuation of the HDB 2 Room unit in Hougang, with a remaining lease of 57 years, is estimated at $75,367, translating to a price per square foot (PSF) of $628. This valuation reflects a market price that is in line with the baseline, indicating a 0% difference from the expected price range. Such alignment suggests a stable market condition in the Hougang area, characterized by consistent demand and supply dynamics amidst the broader trends observed in Singapore's HDB resale landscape.

The model confidence for this valuation is classified as high, bolstered by a robust dataset of 114 recent HDB resale transactions within the vicinity. This extensive transaction history not only enhances the reliability of the valuation but also provides valuable insights into the prevailing market sentiment. The enduring lease term of 57 years further positions this property as an attractive option for prospective buyers seeking long-term residency in a well-established neighborhood, where amenities and connectivity continue to thrive.