4-Room HDB for Room Rent: 188D Rivervale Drive

The valuation of the HDB 4-room property in Serangoon, with a remaining lease of 71 years, is estimated at $125,038, translating to a price per square foot (PSF) of $625. This valuation reflects a market signal indicating no deviation from the baseline price, suggesting a stable pricing environment in the Serangoon area. The high model confidence level, derived from an analysis of 40 recent HDB resale transactions in the vicinity, reinforces the reliability of this estimate.

In the context of Singapore's dynamic property market, the remaining lease of 71 years is a significant factor influencing both buyer sentiment and pricing strategies. Properties with longer leases tend to command a premium, yet the current valuation demonstrates resilience amidst fluctuating market conditions. As demand for HDB units remains robust in Serangoon, characterized by its strategic location and community amenities, this property stands as a competitive option for prospective homeowners and investors alike. The data underscores the importance of localized market analysis, highlighting both current trends and future prospects in this vibrant neighborhood.