5 Room (5I) HDB for Rent in 219A Jurong East Street 21

The valuation of the HDB 5 Room unit located in Jurong East, with a remaining lease of 57 years, stands at an estimated value of $612,473, translating to a price per square foot (PSF) of $482. This valuation reflects a market price that is currently at equilibrium, indicating a 0% difference from the baseline. Such stability within the market suggests that the property is competitively priced, aligning closely with current market sentiments and comparable transactions.

However, it is essential to note that the model confidence for this valuation is classified as low, primarily based on an analysis of six recent HDB resale transactions within the vicinity. This cautionary signal could imply potential volatility in price trends, influenced by factors such as neighborhood developments, demographic shifts, and broader economic conditions. As the remaining lease of this property extends to 57 years, prospective buyers should consider the implications of lease decay on long-term investment potential, particularly in a market that displays tight price correlations. Understanding these dynamics will be crucial for stakeholders navigating the Jurong East HDB landscape.