5-Room HDB for Room Rent: 328 Jurong East Street 31

The valuation of the HDB 5-room unit in Jurong East, with a remaining lease of 59 years, stands at an estimated value of $67,754, translating to a price per square foot (PSF) of $452. This valuation is significant, reflecting the robust demand for HDB properties in the Jurong East area, an emerging hub for residential living due to ongoing infrastructural developments and increasing amenities. With the estimated value aligning closely with the market price—showing a 0% difference from the baseline—this signals a stable market dynamic, where supply meets demand efficiently.

The model confidence in this valuation is rated as high, based on an analysis of 228 recent HDB resale transactions in the vicinity. This strong dataset indicates a well-established pricing trend, enhancing the reliability of the estimated value. Furthermore, the remaining lease duration of 59 years is a crucial factor, as it positions the property within a favorable timeline for potential buyers, who often seek properties with at least 30 years of lease left. As the Jurong region continues to evolve, this HDB unit represents both a strategic investment and a desirable dwelling in a locale that is poised for future growth.