5 Room (5A) HDB for Rent in 504 Serangoon North Avenue 4

The valuation of the HDB 5-room unit in Serangoon, with a remaining lease of 59 years, stands at an estimated value of $616,631, translating to a price per square foot (PSF) of $462. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand within the local HDB market. The property’s valuation is primarily derived from an analysis of four recent HDB resale transactions in the vicinity, suggesting a cautious optimism amidst a slightly fluctuating market landscape.

However, it is crucial to note that the model confidence for this valuation is categorized as low. This suggests potential volatility or unique characteristics in the surrounding properties that may not have been fully captured in the recent transactions. The stability in pricing, despite the low confidence level, may indicate a resilient demand for HDB units in Serangoon, driven by factors such as proximity to amenities and established community infrastructure. Investors and homeowners alike should consider the implications of the remaining lease period, as it may impact future resale values and marketability in the long term.