Room (HDB) for Rent in 101 Hougang Avenue 1

The valuation of the HDB 2-room unit in Hougang, with a remaining lease of 56 years, stands at an estimated value of $123,322, translating to a price per square foot (PSF) of $617. This valuation is particularly noteworthy as it reflects a market price that is consistent with the baseline, indicating a 0% difference from the expected market value. Such stability in pricing suggests a balanced demand and supply dynamic in the Hougang area, which is characterized by a diverse demographic and robust community amenities.

The model confidence for this valuation is categorized as high, bolstered by an analysis of 115 recent HDB resale transactions within the vicinity. This substantial dataset reinforces the reliability of the valuation, suggesting that potential buyers can make informed decisions based on current market trends. As the HDB lease remains a critical factor in property valuation, the remaining lease term of 56 years is considered manageable, especially for first-time buyers or those looking for a starter home in this vibrant neighborhood. Overall, the current market dynamics indicate a steady interest in HDB properties, particularly in well-established residential areas like Hougang.