HDB Executive for Room Rent: 628 Hougang Avenue 8

The valuation of the HDB Executive flat in Hougang, with a remaining lease of 59 years, stands at an estimated value of $127,132, translating to a price per square foot (PSF) of $509. This valuation reflects a neutral market signal, indicating a 0% difference from the baseline price, which suggests that the property is priced in line with the prevailing market trends in the area. The data, derived from the analysis of seven recent HDB resale transactions in the vicinity, provides a foundational understanding of the local property dynamics.

However, it is important to note that the model confidence in this valuation is categorized as low. This uncertainty may stem from various factors, including fluctuations in buyer demand, the specific condition of the property, and broader economic influences affecting the housing market. As Hougang continues to evolve as a residential hub, potential buyers should consider the implications of the remaining lease on long-term investment value and the associated risks of purchasing an HDB property with fewer than six decades left on its lease.