5 Room (5I) HDB for Sale in 406A Northshore Drive

The valuation of the HDB 5-room property located in Serangoon, with a remaining lease of 93 years, stands at an estimated value of $793,053 or $658 PSF. This appraisal reflects a market signal that is notably above the baseline, indicating a substantial 7.2% premium compared to similar properties in the vicinity. Such a valuation suggests that the property is highly desirable, likely due to its strategic location, accessibility, and the overall demand for HDB units in the Serangoon area.

Our analysis is bolstered by a robust data set of 145 recent HDB resale transactions in the surrounding region, allowing for a high degree of model confidence in this valuation. The combination of a long remaining lease and a strong market position underscores the resilience of the HDB market in Singapore, particularly in sought-after neighborhoods like Serangoon. This trend reflects a growing preference among buyers for properties that not only offer longevity in their leasehold but also promise potential appreciation in value as urban development continues to evolve.