2 Room (2I) HDB for Rent in 94 Commonwealth Drive

The valuation of the HDB 2 Room unit in Queenstown, with a remaining lease of 38 years, stands at an estimated value of $199,349, translating to a price per square foot (PSF) of $332. This valuation reflects a market price that is perfectly aligned with the baseline, indicating a stable demand for HDB properties in this sought-after district. Queenstown’s reputation as one of Singapore’s prime residential areas contributes to its resilience in property values, even as market conditions fluctuate.

Market dynamics in the vicinity are underscored by the analysis of 13 recent HDB resale transactions, which serve as a reliable benchmark for this valuation. The model confidence is rated as medium, suggesting a moderate level of certainty in these market signals. The stability in pricing, coupled with the remaining lease period, indicates that potential buyers may find this property appealing not only for its affordability but also for its strategic location. Given Queenstown's ongoing development plans and amenities, this HDB unit presents a compelling opportunity for both investors and first-time homeowners alike.