5 Room (5I) HDB for Rent in 52 Strathmore Avenue

This report analyzes the valuation of a HDB 5-room unit located in the highly sought-after neighborhood of Queenstown, which boasts a remaining lease of 79 years. The estimated value for this property stands at an impressive $1,411,152, translating to a price per square foot (PSF) of $1,192. Given the historical significance and desirability of the Queenstown area, this valuation reflects a stable market position, with no deviation from the baseline price, indicating a balanced demand and supply scenario.

It is important to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on a single recent resale transaction in the vicinity. This limited data point underscores the necessity for potential buyers and investors to consider broader market dynamics and trends that could influence property values in Queenstown. Nevertheless, the HDB lease structure remains a pivotal factor, as properties with longer remaining leases generally command higher prices. As such, the 79-year lease on this unit may attract discerning buyers looking for a strategic investment in a mature estate.