3 Room (3A) HDB for Rent in 476A Choa Chu Kang Avenue 5

The valuation of the HDB 3 Room property located in Choa Chu Kang, with a remaining lease of 85 years, stands at an estimated value of $474,759, translating to a price per square foot (PSF) of $690. This valuation reflects a market price that is in line with the baseline, indicating a 0% difference. Such stability in pricing suggests a balanced demand and supply dynamic in the region, which is essential for maintaining property values.

However, it is important to note that the model confidence for this valuation is classified as low. This can be attributed to the limited data set of only three recent HDB resale transactions in the vicinity, which may not provide a comprehensive view of market trends. Investors and potential buyers should approach this valuation with caution, considering the implications of lease duration on future resale potential and marketability. In a market where HDB leasehold properties often experience fluctuations in value based on remaining lease duration, the 85 years remaining on this property positions it favorably for long-term residential use, albeit with market dynamics warranting close observation.