3 Room (3A) HDB for Rent in 124 Serangoon North Avenue 1

The valuation of the HDB 3-room unit in Serangoon, with a remaining lease of 57 years, stands at an estimated value of $425,142, translating to a price per square foot (PSF) of $470. This assessment reflects the current market price, demonstrating a notable stability as it registers a 0% difference from the baseline. Despite this equilibrium, the model confidence is categorized as low, suggesting that the valuation may be influenced by limited transactional data and market fluctuations.

Recent HDB resale transactions in the vicinity have only provided two comparative data points, which may not sufficiently capture the broader market dynamics at play. The Serangoon district has traditionally been a sought-after locale, characterized by its strategic connectivity and urban amenities. However, with the remaining lease of 57 years, potential buyers may exhibit caution, weighing the implications of lease decay on long-term investment value. As such, stakeholders should remain vigilant to emerging trends in the HDB market, particularly regarding leasehold properties, as these factors could significantly impact future valuations.