4-Room HDB for Room Rent: 489 Jurong West Avenue 1

In our latest valuation report, we present an in-depth analysis of a 4-room HDB unit located in the thriving estate of Jurong West, which boasts a remaining lease of 57 years. The estimated value for this property is pegged at $66,199, translating to a competitive $441 per square foot (PSF). This valuation is derived from a robust dataset encompassing 498 recent HDB resale transactions within the vicinity, which enhances the reliability of our market signal.

Notably, the market price reflects a 0% difference from the baseline, indicating a stable pricing trend in the area. This stability can be attributed to several factors, including Jurong West's strategic location, well-developed infrastructure, and ongoing enhancements in local amenities. The high model confidence associated with this valuation reinforces the notion that demand for HDB properties in Jurong West remains resilient, especially given the property's remaining lease. Investors and homeowners alike should consider this dynamic as a reflection of the area's long-term viability and potential for appreciation.