4 Room (4A) HDB for Sale in 431 Jurong West Avenue 1

This valuation report focuses on a 4-room HDB unit located in the vibrant Jurong West area, which is currently estimated at $459,151, translating to a price per square foot (PSF) of $358. The property is notable for its remaining lease of 57 years, which positions it within a mid-range tenure in the Singapore housing market. Given the current valuation, the property is assessed to be above market by 16.5% compared to the baseline, indicating a potential overvaluation based on recent comparable transactions.

The model confidence for this valuation is classified as low, reflecting the inherent variability within the local market dynamics. This assessment is derived from three recent HDB resale transactions in the vicinity, which suggest a cautious approach to pricing. As Singapore's housing landscape continues to evolve, factors such as lease tenure, proximity to amenities, and market sentiment will significantly influence the perceived value of HDB properties, particularly in areas like Jurong West that are undergoing transformation and development.