4-Room HDB for Room Rent: 470A Upper Serangoon Crescent

The HDB 4 Room property located in Bukit Merah, with a remaining lease of 88 years, presents an estimated value of $87,471 or $817 per square foot (PSF). This valuation reflects a significant observation within the local real estate landscape, as it aligns closely with the baseline market price, indicating a stable market environment with a 0% differential. Such stability suggests that the property is well-positioned within the current market, with demand for HDB units in this area remaining consistent.

However, it is essential to note that the model confidence in this valuation is classified as low, indicating a degree of uncertainty influenced by fluctuating market conditions and limited transactions. The valuation is based on three recent HDB resale transactions in the vicinity, which may not fully capture broader market trends or potential shifts. As the remaining lease period is relatively long, this property may still appeal to buyers looking for long-term residency, yet the low confidence level indicates potential volatility in future valuations. Stakeholders should remain vigilant to evolving market dynamics as they could impact the attractiveness and investment potential of this HDB unit in Bukit Merah.