5 Room (5I) HDB for Rent in 117A Rivervale Drive

The valuation of the HDB 5 Room unit in Serangoon, with a remaining lease of 71 years, has been estimated at $838,166, translating to a price per square foot of $677. This figure is indicative of a robust market position, as it aligns perfectly with the current market price, reflecting a 0% difference from the baseline. Such stability in pricing underscores a balanced equilibrium between supply and demand, particularly significant in a district known for its strong community ties and accessibility to essential amenities.

Model confidence in this valuation is rated as High, supported by a comprehensive analysis of 38 recent HDB resale transactions in the vicinity. The consistent performance of the Serangoon area, characterized by its strategic location and well-established infrastructure, further enhances the desirability of properties within this segment. As the remaining lease of 71 years provides a substantial timeframe for potential homeowners, it signifies a secure investment opportunity in the competitive Singapore real estate market.