5-Room HDB for Room Rent: 406 Pandan Gardens

The valuation of the HDB 5-room unit in Jurong East, with a remaining lease of 51 years, stands at an estimated value of $45,899, translating to a price per square foot (PSF) of $382. This valuation reflects a stable market condition, as evidenced by the market price being in alignment with the baseline, indicating a 0% difference. This equilibrium suggests a healthy demand for HDB properties within the area, driven by both the strategic location and the ongoing urban development initiatives in Jurong East.

Analyzing the broader market dynamics, the valuation is underpinned by a robust dataset of 226 recent HDB resale transactions in the vicinity, which enhances the model's confidence level to high. The properties in this region have demonstrated resilience despite the gradual reduction in lease tenure. The remaining 51 years of lease is particularly significant, as it positions the property attractively for both owner-occupiers and investors, who are increasingly drawn to the potential of long-term capital appreciation amidst Singapore's evolving landscape.