Common Room (HDB) for Rent in 701 Hougang Avenue 2

The valuation of the HDB 2-room unit located in Hougang, with a remaining lease of 75 years, is estimated at $129,491, equating to a price per square foot (PSF) of $809. This valuation reflects a market signal with a 0% difference from the baseline, indicating a stable pricing environment in the area. The confidence in this model is rated as high, bolstered by an analysis of 117 recent HDB resale transactions within the vicinity, providing a robust dataset that enhances the reliability of this valuation.

Hougang, a well-established residential district, showcases a dynamic property market characterized by its blend of accessibility and community amenities. The remaining lease of 75 years is a significant factor, as it positions the property within a favorable long-term investment horizon, appealing to both first-time buyers and seasoned investors looking for stable returns. The consistency in market price suggests a balanced demand and supply scenario, underscoring the resilience of the HDB market in this region. As the urban landscape continues to evolve, properties like this 2-room unit are likely to maintain their attractiveness, driven by ongoing infrastructural developments and a strong community ethos.