Common Room (HDB) for Rent in 409 Hougang Avenue 10

The valuation of the HDB 2-room property located in Hougang presents a compelling insight into the current state of the local real estate market. With a remaining lease of 57 years, this unit is estimated at $64,608, translating to an attractive $646 per square foot (PSF). Such pricing indicates a stable market position, with the estimated value reflecting a 0% difference from the baseline, suggesting that this property is fairly aligned with the prevailing market conditions.

This valuation is underpinned by robust market signals derived from 115 recent HDB resale transactions in the vicinity, which provides a strong data foundation and reinforces our model confidence at a high level. The stability in pricing can be attributed to several factors, including the enduring desirability of the Hougang area, which continues to attract buyers due to its strategic location and community amenities. As we observe the dynamics of the HDB market, it is evident that properties with a moderate lease period, such as this one, still hold significant appeal, reflecting the balance between affordability and investment potential.