3-Room HDB for Room Rent: 224B Sumang Lane

This valuation report focuses on a 3-room HDB property located in the desirable Serangoon district, boasting a remaining lease of 90 years. The estimated market value is set at $67,853, translating to a price per square foot of $679. This valuation reflects a nuanced understanding of the current market dynamics, particularly given that the market price shows a 0% difference from the baseline, indicating a stable environment for HDB transactions in this area. The strong model confidence level is derived from an analysis of 191 recent HDB resale transactions nearby, ensuring that this assessment is grounded in robust empirical data.

The extended lease period of 90 years significantly enhances the property’s appeal, particularly to families and investors seeking long-term stability. Serangoon, known for its vibrant community and accessibility, continues to attract buyers, making it a strategic choice for those looking to invest in HDB properties. As such, the current valuation is indicative of both the enduring demand and the limited supply within the locality. Stakeholders should remain cognizant of these market signals as they navigate their options within the HDB landscape.