5 Room (5I) HDB for Sale in 188B Rivervale Drive

The valuation of the 5-room HDB unit located in Serangoon, with a remaining lease of 71 years, stands at an estimated value of $837,489, translating to $677 per square foot. This valuation reflects a significant market signal, categorizing the property as a "Good Deal" with a notable 23.8% difference from the baseline valuation for similar properties in the vicinity. Such a disparity underscores the competitive nature of the Serangoon housing market, which continues to attract prospective buyers seeking value in well-established neighborhoods.

Our model confidence in this valuation is rated as high, supported by an extensive analysis of 38 recent HDB resale transactions in the Serangoon area. The robust data set not only reinforces the accuracy of the estimated value but also highlights the ongoing demand for HDB properties in this region. As Singapore's residential market evolves, the lease duration plays a critical role in buyer sentiment and pricing dynamics. With 71 years remaining on this lease, potential buyers can be assured of longevity in their investment, further enhancing the appeal of this offering amidst the competitive landscape of Singapore's real estate market.