Common Room (HDB) for Rent in 542 Hougang Avenue 8

The valuation of the 2-room HDB unit in Hougang, with a remaining lease of 64 years, stands at an estimated value of $70,471, translating to a price per square foot (PSF) of $705. This valuation is derived from a robust analysis of 234 recent HDB resale transactions within the vicinity, which provides a substantial data set for assessing market trends and pricing dynamics. The model confidence is rated as high, indicating a strong reliability in the valuation metrics established.

Notably, the market signal reflects a 0% difference from the baseline, suggesting that the property is currently aligned with the prevailing market conditions. This equilibrium indicates a balanced demand and supply scenario in the Hougang district, which is characterized by its vibrant community and accessibility to amenities. As the remaining lease of 64 years is a critical factor influencing buyer sentiment, it is essential to consider how lease duration impacts long-term value appreciation. Overall, this analytical overview underscores the stability of the HDB market in Hougang and positions this property as a viable option for both investors and homeowners alike.