Common Room (HDB) for Rent in 704 Hougang Avenue 2

The valuation of the HDB 2 Room unit in Hougang, with a remaining lease of 57 years, is estimated at $100,411, translating to a price per square foot (PSF) of $628. This valuation is notably aligned with the current market price, reflecting a 0% difference from the baseline, indicating a stable market environment for similar properties in the area. Such equilibrium suggests that potential buyers and sellers have reached a consensus regarding the property's worth, bolstering the confidence in the HDB market dynamics.

Model confidence for this valuation is classified as high, supported by an extensive analysis of 114 recent HDB resale transactions within the vicinity. This robust dataset enhances the reliability of the estimated value, offering valuable insights into local market trends. The remaining lease of 57 years positions this property favorably among buyers who appreciate the blend of affordability and practical longevity, especially in a vibrant district like Hougang. As the HDB market continues to evolve, this unit stands as a compelling option for prospective homeowners and investors alike.