4-Room HDB for Room Rent: 508 Serangoon North Avenue 4

The HDB 4-room unit located in Serangoon, with a remaining lease of 59 years, has been valued at approximately $95,530, translating to a price per square foot (PSF) of $478. This valuation reflects a market price that holds steady with no deviation from the baseline, indicating a stable demand within the locality. The low model confidence rating suggests that the valuation may be susceptible to fluctuations due to limited transaction data; specifically, it is based on only one recent HDB resale transaction in the vicinity. This scarcity of comparable sales can often lead to uncertainties in accurately gauging market trends.

In the context of Singapore's real estate landscape, properties with shorter remaining leases can present unique challenges and opportunities for buyers. The 59-year lease on this HDB unit is a critical factor, as it could impact future resale potential and buyer sentiment, particularly among those seeking long-term investment properties. Furthermore, the Serangoon area is known for its vibrant community and accessibility, which may help mitigate some of the concerns associated with the remaining lease duration. As market conditions evolve, it will be essential for stakeholders to monitor local developments and shifts in buyer preferences that could influence future valuations in this segment.