3-Room HDB for Room Rent: 672B Edgefield Plains

The valuation of the HDB 3 room unit in Serangoon, with a remaining lease of 87 years, stands at an estimated value of $102,418, translating to a price per square foot (PSF) of $683. This valuation reflects a stable market price, showing a 0% difference from the baseline, indicating that the property is currently positioned in line with prevailing market trends. The model confidence is rated as high, bolstered by a comprehensive analysis of 202 recent HDB resale transactions in the vicinity, which reinforces the robustness of the data supporting this valuation.

In the context of Singapore's dynamic property market, the longevity of the remaining lease is a significant factor for potential buyers, as properties with substantial leases tend to retain their value better in the long term. The Serangoon area, characterized by its vibrant community and accessibility, continues to attract interest among homebuyers. The stable valuation coupled with high model confidence suggests that this property is not only a viable option for immediate residence but also a strategic investment for the future, reflecting the resilience of the HDB market in an evolving economic landscape.