4 Room (4A) HDB for Sale in 141 Serangoon North Avenue 2

This valuation report presents an analysis of a 4-room HDB flat located in the Serangoon district, which carries a remaining lease of 61 years. The estimated value of the property is pegged at $571,957, translating to a price per square foot (PSF) of $506. Notably, this valuation reflects an 18.9% premium above the established market baseline, indicating that the property is currently positioned above market expectations.

However, it is essential to approach this valuation with caution, as the model confidence is categorized as low, primarily due to the limited data set of only two recent HDB resale transactions in the vicinity. This scarcity of comparable sales may contribute to volatility in price trends and could reflect unique local market dynamics influencing buyer sentiment. The remaining lease of 61 years is also a critical factor to consider, as it may affect the property's appeal to prospective buyers, particularly in a competitive market like Singapore where lease duration plays a significant role in valuation.