4 Room (4A) HDB for Rent in 688B Choa Chu Kang Drive

The valuation of the HDB 4-room property located in Choa Chu Kang, with a remaining lease of 73 years, is estimated at $54,223, translating to a price per square foot (PSF) of $542. This valuation reflects a market price that is aligned with the baseline, indicating a stable demand in the area. However, the model confidence is rated low, suggesting potential volatility in future price movements due to various market dynamics.

Recent resale transactions in the vicinity have been limited, with only three comparable sales contributing to the valuation. This scarcity of data points may impact the reliability of the estimated value and could suggest that the market is experiencing a transitional phase. Moreover, with a remaining lease of 73 years, the property may appeal to a specific demographic of buyers looking for long-term investment opportunities, yet it also raises concerns regarding lease decay and its influence on future resale potential.

• Property Type: HDB 4-room
• Location: Choa Chu Kang
• Remaining Lease: 73 years
• Estimated Value: $54,223 ($542 PSF)
• Market Signal: 0% difference from baseline
• Model Confidence: Low
• Recent Transactions: 3