4-Room HDB for Room Rent: 637 Veerasamy Road

In the context of Singapore's dynamic real estate landscape, the valuation of this HDB 4 Room property in the Central Area merits careful consideration. With a remaining lease of 57 years, the estimated value stands at $91,674, translating to a price per square foot (PSF) of $611. This valuation aligns closely with the baseline market price, indicating a 0% deviation. Such stability in pricing may suggest a cautious sentiment among potential buyers, reflecting the inherent risks associated with properties nearing the mid-point of their lease duration.

The model confidence for this valuation remains low, which can be attributed to the limited dataset of only two recent HDB resale transactions within the vicinity. This scarcity of comparable sales further complicates the predictive accuracy and may indicate fluctuating demand dynamics in the area. As the property market navigates through various economic factors, potential buyers should be mindful of the implications of the remaining lease period on long-term investment viability. Close monitoring of market trends and leasehold considerations will be essential for stakeholders as they assess the attractiveness of this property in the current economic climate.