5 Room (5I) HDB for Sale in 414 Commonwealth Avenue West

The HDB 5 Room property located in Clementi, with a remaining lease of 50 years, displays a robust estimated value of $784,787, translating to a price per square foot (PSF) of $583. This valuation is underpinned by a substantial dataset comprising 156 recent HDB resale transactions in the vicinity, ensuring a comprehensive and accurate market analysis. The model confidence is rated as high, indicating a strong correlation between the current valuation and prevailing market conditions.

In terms of market dynamics, the property exhibits a 1.9% difference from the baseline market price, suggesting that it is competitively priced within the current market landscape. This minor deviation signifies a stable demand for HDB properties in the area of Clementi, likely attributable to its strategic location, accessibility, and community amenities. As the remaining lease approaches the mid-century mark, prospective buyers should carefully consider the implications of lease duration on future resale potential, alongside the area's prevailing market trends, to make informed investment decisions.