5-Room HDB for Room Rent: 230 Jurong East Street 21

The valuation of the 5-room HDB unit in Jurong East, with a remaining lease of 54 years, is assessed at an estimated value of $39,901, translating to a price per square foot (PSF) of $399. This figure indicates a stable market condition, as it reflects a 0% deviation from the baseline market price. Such stability suggests that the unit is competitively priced within its segment, maintaining its value in relation to similar properties in the vicinity.

However, it is essential to note that the model confidence for this valuation is classified as low, which implies that there may be underlying market dynamics influencing the price trends. The valuation is derived from three recent HDB resale transactions in the area, which may not fully encapsulate the broader market fluctuations or shifts in demand and supply. As the remaining lease period of 54 years is a critical factor in HDB valuations, potential buyers should consider the implications of lease decay on future resale value and market competitiveness as the property ages.