5-Room HDB for Room Rent: 815 Jellicoe Road

The valuation of the HDB 5 Room property located in the Central Area, with a remaining lease of 74 years, stands at an estimated value of $233,053, translating to a price per square foot (PSF) of $777. This valuation reflects a market price with a 0% difference from the established baseline, indicating that the property is currently priced in line with the prevailing market conditions. Such stability in pricing is indicative of a balanced demand and supply dynamic in the Central Area, which remains a highly sought-after location for both owner-occupiers and investors.

Based on an analysis of 8 recent HDB resale transactions in the vicinity, the model confidence in this valuation is rated as medium. This confidence level suggests that while there is a reasonable basis for the estimated value, market fluctuations and external economic factors could influence future valuations. The remaining lease of 74 years is a critical factor, as properties with shorter leases may face depreciation in value, but this particular property's location in the Central Area provides a buffer against such risks due to its desirability and accessibility. Potential buyers and investors should consider these dynamics carefully when evaluating their interest in this property.