3-Room HDB for Room Rent: 715 Clementi West Street 2

This valuation report presents an analytical overview of a 3-room HDB unit located in the highly sought-after Clementi region of Singapore, which boasts a remaining lease of 54 years. The estimated value of this property is pegged at $20,102, translating to a price per square foot (PSF) of $402. Notably, the market price reflects a baseline valuation, indicating a market signal of 0% difference, which suggests that the property is currently priced at a level consistent with other comparable units in the vicinity.

Analyzing the market dynamics, the model confidence is classified as low, derived from only seven recent HDB resale transactions in the area. This limited dataset may suggest a potential volatility in pricing or a lack of robust market activity. Furthermore, with the remaining lease period of 54 years, prospective buyers should be cognizant of the implications of leasehold properties in Singapore, particularly how the remaining lease can affect future resale potential and overall market interest. As the HDB market continues to evolve, it will be crucial for stakeholders to monitor trends and shifts that may influence property valuations in this vibrant district.