4 Room (4NG) HDB for Rent in 224 Serangoon Avenue 4

The valuation of the 4-room HDB property in Serangoon, with a remaining lease of 56 years, stands at an estimated value of $495,281, translating to a price per square foot of $505. Notably, this valuation reflects a market price that is at par with the baseline, indicating a 0% difference. This stability in price suggests a balanced demand and supply dynamic within the current market environment, which is critical for potential buyers and investors considering long-term commitments in this area.

However, it is essential to highlight the low model confidence associated with this valuation, which stems from the reliance on only one recent HDB resale transaction in the vicinity. Such limited data may introduce uncertainties in assessing the true market value of this property. As the remaining lease of 56 years progresses, prospective buyers should be cognizant of the implications this may have on future resale opportunities and the property’s overall investment potential. In a competitive market like Singapore, where lease durations significantly impact property desirability, understanding these nuances will be crucial for informed decision-making.