3-Room HDB for Room Rent: 420B Northshore Drive

The valuation of the HDB 3-room unit in Serangoon, with a remaining lease of 94 years, reflects a stable and competitive market positioning, estimated at $68,000, equating to a price per square foot (PSF) of $680. This valuation remains aligned with the baseline market price, indicating a zero percent deviation, which suggests that the property is accurately priced within the current market dynamics. Such consistency is indicative of a balanced supply-demand scenario in the Serangoon area, underscoring the desirability of this district.

Our analysis draws upon 196 recent HDB resale transactions within close proximity, which enhances the reliability of the valuation. The high model confidence rating further reinforces the soundness of this estimate, reflecting a robust analytical framework that accounts for prevailing market conditions and trends. The remaining lease of 94 years adds significant value, as properties with longer leases typically attract higher buyer interest, providing both stability and potential for future appreciation. In summary, this HDB unit stands out as a strategic investment opportunity within a thriving residential enclave.