4-Room HDB for Room Rent: 196 Rivervale Drive

The valuation of the HDB 4-room unit in Serangoon reflects a nuanced understanding of the current market dynamics, particularly in the context of its remaining lease of 74 years. Priced at an estimated value of $58,028, translating to $725 PSF, this property stands at par with the baseline market price, indicating a balanced response to the prevailing trends in the HDB resale market. The stability in pricing, with a 0% variance from the baseline, suggests that the property is well-positioned within the local market, attracting both first-time buyers and investors seeking reliability in their acquisition.

Analyzing the landscape of 18 recent HDB resale transactions in the vicinity, the medium confidence model reflects a cautious optimism regarding the sustainability of this valuation. The remaining lease period plays a critical role in influencing buyer sentiment, as properties with longer leases often command higher interest. In the case of this Serangoon unit, the 74-year remaining lease offers a considerable timeframe for potential appreciation while mitigating concerns associated with lease decay. As such, this property represents a compelling opportunity in a sought-after location, showcasing the interplay between lease duration and market demand.