Common Room (HDB) for Rent in 338 Clementi Avenue 2

The valuation of the HDB 2-room unit in Clementi, with a remaining lease of 53 years, stands at an estimated value of $100,956 or $673 PSF. This valuation reflects a market price that shows a 0% difference from the baseline, indicating stability in the current real estate landscape for HDB properties in this area. Such stability can be attributed to the robust demand for HDB flats in Clementi, a well-established residential precinct known for its accessibility and amenities.

With a model confidence rating of medium, the valuation draws insights from 9 recent HDB resale transactions in the vicinity, which provide a reliable benchmark for assessing market dynamics. The remaining lease of 53 years, while not at the longer end of the spectrum, is still considered viable for potential buyers looking for a comfortable living space in a strategically located district. As the market continues to evolve, it will be essential for stakeholders to monitor lease decay and its impact on future valuations, especially as the property approaches the tail end of its lease term.