4-Room HDB for Room Rent: 102 Serangoon North Avenue 1

This valuation report provides an in-depth analysis of a 4-room HDB property located in the vibrant Serangoon estate, which currently possesses a remaining lease of 57 years. The estimated market value stands at $53,778, translating to $527 per square foot (PSF). This pricing reflects the current market conditions, exhibiting a 0% difference from the baseline, indicating a stable valuation amidst fluctuating market dynamics. Such stability suggests that this property is well-positioned within the local real estate landscape, appealing to both homeowners and investors looking for a secure asset in a sought-after location.

The model confidence for this valuation is rated as High, derived from an analysis of 380 recent HDB resale transactions in the vicinity. This substantial data pool reinforces the reliability of the estimated value and highlights the consistent demand for HDB properties in Serangoon. As the remaining lease diminishes, it is essential to consider the implications for future resale value and rental yield. However, the current market signal suggests that buyers may continue to view this property favorably, given the area's strong community amenities and accessibility, which contribute to a robust residential market.