3-Room HDB for Room Rent: 424 Clementi Avenue 1

The valuation for the HDB 3 Room unit in Clementi, with a remaining lease of 84 years, stands at an estimated value of $91,811, translating to a price per square foot (PSF) of $947. This valuation indicates a neutral market position, with no significant variance from the baseline market price, suggesting a balanced demand and supply scenario in this vibrant residential enclave. The consistency in pricing reflects the inherent stability of the Clementi area, a key factor that continues to attract both buyers and investors alike.

However, it is important to note the model confidence in this valuation is categorized as low, which may indicate potential fluctuations in the market dynamics. The analysis is based on only four recent HDB resale transactions in the vicinity, which may not fully encapsulate the broader market trends. As leasehold properties tend to diminish in value as the remaining lease shortens, the current 84-year lease still provides a reasonable buffer for prospective buyers, yet caution is advisable given the inherent uncertainties in market conditions.