2 Bed Shophouse (Landed) for Rent in Upper Serangoon Road

The valuation of the HDB 3-room unit in Serangoon, with a remaining lease of 75 years, stands at an estimated value of $425,020, reflecting a price per square foot (PSF) of $708. This valuation indicates a market price that is consistent with the baseline, showcasing a 0% variance, which suggests a stable market condition in the area. Such stability is crucial for potential buyers considering long-term investment in HDB properties, especially in a region like Serangoon, known for its vibrant community and accessibility.

However, it is important to note that the model confidence for this valuation is categorized as low, based on an analysis of only six recent HDB resale transactions in the vicinity. This low confidence level indicates that while the current valuation aligns with recent market activity, the limited data set may not fully capture the nuances of local demand and supply dynamics. Investors and homeowners alike should approach this valuation with caution, considering the potential for fluctuations in the market as the remaining lease diminishes over time.