Common Room (HDB) for Rent in 678 Hougang Avenue 8

The valuation of the 2-room HDB unit located in Hougang, with a remaining lease of 59 years, stands at an estimated value of $103,945, translating to a price per square foot (PSF) of $650. This valuation is particularly noteworthy as it reflects a market price that is in line with the baseline, indicating a stable demand and supply equilibrium in the area. The market signal of 0% difference from the baseline suggests that the property is being priced competitively, aligning closely with the current market trends that have been observed in recent transactions.

Our analysis is underpinned by a robust model confidence rating of high, derived from a comprehensive examination of 117 recent HDB resale transactions in the vicinity. This extensive dataset provides a reliable foundation for our valuation, highlighting the resilience of the Hougang market despite broader economic fluctuations. As leasehold properties such as this one approach their mid-lease mark, the remaining lease term becomes a critical factor in determining future value retention and appreciation potential. Given the current market dynamics, this property presents an attractive opportunity for both homeowners and investors seeking to capitalize on the steady growth trajectory of the Hougang district.