2 Bed Cluster House (Landed) for Rent in The Areca

The valuation of the HDB 3-room unit in Serangoon, with a remaining lease of 76 years, stands at an estimated value of $441,164, translating to a price per square foot (PSF) of $712. This valuation reflects a market price that is currently aligned with the baseline, indicating a stable demand within this segment of the property market. The absence of any significant deviation from the baseline suggests that prospective buyers are maintaining a cautious yet steady approach towards HDB acquisitions in the area.

Given the low model confidence derived from only three recent HDB resale transactions in the vicinity, it is essential to interpret this valuation with a degree of caution. Factors such as the remaining lease term, which is a critical determinant in the long-term investment value of HDB properties, play a pivotal role in shaping buyer sentiment. As lease durations diminish, the attractiveness of such properties can be impacted, potentially leading to fluctuations in demand and, consequently, price adjustments. Investors and homeowners alike should remain vigilant in monitoring market trends and signals in this dynamic environment.