5-Room HDB for Room Rent: 690C Choa Chu Kang Crescent

The valuation of the HDB 5-room unit in Choa Chu Kang, with a remaining lease of 74 years, stands at $54,272 or $543 per square foot (PSF). This figure is indicative of a market price that aligns closely with the baseline, reflecting a 0% difference. Such stability may suggest a period of equilibrium in the local real estate market, where demand and supply dynamics are currently balanced. However, the model confidence is rated as low, indicating that the valuation may be influenced by limited data points.

Recent transactions in the vicinity, specifically two HDB resale deals, provide minimal insight into broader market trends. The limited volume of transactions may contribute to the low confidence rating, suggesting that prospective buyers and sellers should approach this valuation with caution. Additionally, the remaining lease period of 74 years is a crucial consideration for potential buyers, as properties with diminishing leases can face depreciation in value over time. In summary, while the current valuation appears stable, market participants should remain vigilant and consider the implications of lease duration and transaction activity in their decision-making processes.