4-Room HDB for Room Rent: 161 Mei Ling Street

The HDB 4 Room property located in Queenstown, with a remaining lease of 43 years, is currently valued at an estimated $47,162, translating to a price per square foot (PSF) of $393. This valuation reflects a market price that shows no deviation from the established baseline, indicating a stable yet cautious sentiment within the local real estate market. The proximity to recent resale transactions suggests a measured approach among buyers, as evidenced by the two comparable sales that have informed this valuation.

However, it is important to highlight the low model confidence associated with this valuation. Given the limited transaction data available, the valuation may not fully capture the nuances and complexities of the current market dynamics in Queenstown. The remaining lease period is a critical factor, as properties with shorter leases can often face diminishing appeal, particularly among potential buyers who are sensitive to leasehold durations. As the market evolves, stakeholders should remain vigilant to emerging trends that could influence future valuations and demand within this sought-after district.