4-Room HDB for Room Rent: 309 Serangoon Avenue 2

The valuation of the HDB 4-room unit in Serangoon, with a remaining lease of 62 years, stands at an estimated value of $119,847, translating to a price per square foot (PSF) of $599. This valuation is reflective of current market dynamics, with the market price showing a neutral stance—indicating a 0% difference from the baseline. Such stability in pricing suggests a balanced demand and supply scenario in the Serangoon area, which has historically been a sought-after location due to its strategic connectivity and community amenities.

However, the model confidence for this valuation is categorized as low, primarily based on the limited data available from only two recent HDB resale transactions in the vicinity. The scarcity of transaction data may hinder a more robust analysis, potentially impacting the accuracy of the valuation. Investors and homeowners should be cognizant of the implications of the remaining lease of 62 years, as it may influence future resale potential and market interest. In conclusion, while the current valuation reflects stability in the local market, potential buyers should exercise due diligence given the low confidence level associated with this valuation model.