5-Room HDB for Room Rent: 2 Delta Avenue

The valuation of the HDB 5 Room unit in Queenstown reflects a cautious market sentiment, with an estimated value of $93,277, equating to a price per square foot (PSF) of $622. This valuation is positioned at a market price that indicates no difference from the baseline, suggesting a stable yet cautious approach from potential buyers and sellers alike. The property holds a remaining lease of 58 years, which plays a critical role in its valuation, as shorter leases can often deter buyers due to anticipated depreciation in property value as the lease approaches its termination.

Market dynamics in the Queenstown area suggest a low model confidence in this valuation, primarily supported by just one recent HDB resale transaction in the vicinity. Such limited transactional data may influence the perceived value and market potential of the property, highlighting the importance of broader market trends and buyer sentiment. As the landscape of HDB properties continues to evolve, the intricate balance between lease duration and market demand will remain pivotal in shaping future valuations.