Common Room (HDB) for Rent in 376A Hougang Street 32

The valuation of the HDB 2-room unit in Hougang, with a remaining lease of 89 years, stands at an estimated value of $96,554, translating to a price per square foot (PSF) of $805. This valuation reflects a market price that shows a 0% difference from the baseline, indicating a stable market condition in the area. The high model confidence, derived from an analysis of 75 recent HDB resale transactions within the vicinity, provides a robust foundation for this assessment, underscoring the reliability of the data used in determining the value.

In the context of Singapore's dynamic real estate landscape, the longevity of the remaining lease plays a critical role in sustaining the value of HDB properties, particularly in sought-after neighborhoods like Hougang. The stability of the market price suggests a balanced demand and supply scenario, where buyers are willing to pay a price that aligns closely with the established baseline. This not only reflects the desirability of the location but also indicates that potential buyers are recognizing the value of a property with an 89-year lease, further enhancing its appeal in a competitive market.