5-Room HDB for Room Rent: 211A Clementi Avenue 6

The valuation of the HDB 5 Room property in Clementi, with a remaining lease of 96 years, is estimated at $121,131, translating to approximately $1,211 per square foot (PSF). This valuation reflects a market price that is consistent with the baseline, indicating no significant appreciation or depreciation from recent trends. The model confidence is rated as medium, suggesting a moderate degree of certainty in the estimated value derived from the analysis.

Recent market dynamics in the Clementi area illustrate a balanced environment for HDB resale transactions, as evidenced by 19 comparable sales in close proximity. This stability in pricing could be attributed to the enduring appeal of Clementi, characterized by its strategic location, robust amenities, and educational institutions. The remaining lease of 96 years also positions this property favorably, as potential buyers are often inclined towards longer lease durations, ensuring longevity in their investment. As Singapore's housing market continues to evolve, the Clementi HDB remains a noteworthy consideration for prospective homeowners and investors alike.