5 Room (5I) HDB for Rent in 471B Fernvale Street

The subject property, a 5-room HDB unit located in the rapidly evolving district of Sengkang, exhibits an estimated value of $817,671, translating to a price per square foot (PSF) of $691. With a remaining lease of 88 years, this unit is strategically positioned to appeal to both families and investors seeking long-term residency in one of Singapore's burgeoning residential areas. The current valuation indicates a market price that aligns closely with the baseline, displaying a 0% difference. This suggests that the property is priced in accordance with recent market trends, indicating a stable demand amidst the current economic climate.

However, the model confidence attached to this valuation is categorized as low, reflecting the limited data from only two recent HDB resale transactions in the vicinity. Such a condition may hinder the robustness of the valuation, emphasizing the need for potential buyers to conduct comprehensive due diligence. The dynamics of the HDB market in Sengkang are influenced by various factors, including the remaining lease duration and the area's ongoing development initiatives. Therefore, while the property presents a compelling investment opportunity, prospective stakeholders should remain cognizant of the fluctuating market conditions and the potential for variable appreciation in the years to come.