3 Room (3I) HDB for Rent in 302 Serangoon Avenue 2

The valuation of the HDB 3-room unit located in Serangoon, with a remaining lease of 57 years, is estimated at $375,661, translating to a price per square foot of $582. This valuation reflects a market price that is firmly aligned with the baseline, indicating a stable demand for HDB properties in the area. The absence of a price differential suggests that the property is competitively positioned within the local market, attracting both owner-occupiers and investors seeking opportunities in this sought-after district.

It is important to note that the model confidence for this valuation is classified as low, primarily based on the analysis of only five recent HDB resale transactions in the vicinity. This limited dataset may impact the robustness of the valuation, highlighting the necessity for potential buyers to conduct thorough due diligence. With the remaining lease of 57 years, prospective purchasers should also consider the implications of lease decay and its influence on future resale values. Overall, while the current market dynamics appear stable, ongoing monitoring of market trends and transaction volumes will be essential for making informed investment decisions in Serangoon's evolving HDB landscape.