4-Room HDB for Room Rent: 429 Choa Chu Kang Avenue 4

The valuation of the 4-room HDB property in Choa Chu Kang, with a remaining lease of 75 years, stands at an estimated value of $53,865, translating to a price per square foot (PSF) of $539. This valuation indicates a stable market position, as the estimated value reflects a 0% difference from the baseline market price. Such a finding suggests that the property is aligning closely with current market dynamics and is performing consistently within the region.

Our analysis is bolstered by a robust dataset of 131 recent HDB resale transactions within the vicinity, which imbues this valuation with a high level of confidence. The stability in pricing can be attributed to various factors, including the desirability of Choa Chu Kang as a residential locale, which is characterized by its accessibility, community amenities, and family-oriented environment. As the market continues to evolve, the remaining lease period of 75 years plays a pivotal role in maintaining buyer interest, thus enhancing the property’s investment appeal in an increasingly competitive landscape.