4-Room HDB for Room Rent: 248 Jurong East Street 24

The valuation of the 4-room HDB property located in Jurong East reflects a nuanced interplay between market dynamics and the remaining lease of the unit. With an estimated value of $74,597, translating to $414 per square foot, this property holds a strategic position in a vibrant neighborhood. However, the model confidence is assessed as low, indicating potential fluctuations in market sentiment and demand. The property, with a remaining lease of 59 years, sits on the cusp of a critical point in HDB leasehold valuation, where buyer sentiment may be influenced by the diminishing lease period.

Analysis of recent resale transactions in the vicinity shows a market price alignment of 0% difference from the baseline, suggesting that the property is currently priced at market equilibrium. This stability could be indicative of a balanced supply-demand scenario, yet the low model confidence highlights the necessity for potential investors to remain cautious. As the Jurong East area continues to develop, the long-term appreciation potential of such properties remains a pivotal consideration for prospective buyers, particularly in a market that is increasingly sensitive to leasehold durations.