4-Room HDB for Room Rent: 335 Serangoon Avenue 3

The valuation of the 4-room HDB property located in Serangoon, with a remaining lease of 62 years, stands at an estimated value of $106,656, translating to a price per square foot (PSF) of $711. This valuation indicates a market price that is consistent with the baseline, reflecting a 0% difference, which suggests stability in the current HDB resale market for this specific type of property. The stability may be attributed to the overall demand for HDB units in Serangoon, a location known for its family-friendly environment and accessibility to amenities.

However, it is important to note that the model confidence for this valuation is categorized as low, which implies a degree of uncertainty in the assessment. This low confidence level may stem from the limited dataset of only three recent HDB resale transactions in the vicinity, which may not fully capture the nuances of market dynamics. As the remaining lease of the property is still substantial at 62 years, potential buyers may find this an attractive proposition, but they should also consider the implications of lease decay and how it could influence future resale value.