4-Room HDB for Room Rent: 62B Strathmore Avenue

The valuation of the 4-room HDB unit in Queenstown, with a remaining lease of 84 years, stands at an estimated value of $212,195, equating to a price per square foot (PSF) of $1,061. This figure indicates that the property is currently aligned with the baseline market price, reflecting a 0% deviation. Such stability in pricing suggests a balanced demand and supply scenario within the local real estate landscape, particularly in a mature estate like Queenstown which is known for its strategic location and established amenities.

However, it is essential to note the model confidence in this valuation is categorized as low, primarily due to the limited data set, with only one recent HDB resale transaction serving as a reference point. This lack of robust transactional data may introduce volatility in market sentiment and pricing trends. Investors and home buyers should consider this factor when assessing the viability of this property. As the remaining lease continues to diminish, the dynamics of leasehold properties and their long-term value will become increasingly critical in decision-making processes, particularly in a competitive market like Singapore’s.