5 Room (5I) HDB for Rent in 420A Northshore Drive

The valuation of the HDB 5-room flat in Serangoon, with a remaining lease of 94 years, stands at an estimated value of $804,422, translating to a price per square foot (PSF) of $667. This valuation reflects a strategic alignment with the current market conditions, showcasing a market price that is precisely at baseline, indicating a stable demand and supply equilibrium in the area. Such a position in the market signals strong buyer confidence, as well as the resilience of HDB properties in this sought-after locale.

Our analysis, grounded in data from 132 recent HDB resale transactions in the vicinity, underscores a high model confidence in this valuation. The Serangoon district, known for its vibrant community and accessibility, continues to attract homebuyers, thereby sustaining property values. The remaining lease of 94 years further enhances the attractiveness of this asset, as it provides ample time for potential homeowners and investors alike to capitalise on the property’s appreciation in value, amidst the broader dynamics of the Singapore real estate market.