3-Room HDB for Room Rent: 420B Northshore Drive

The valuation of the HDB 3 Room property located in Serangoon, with a remaining lease of 94 years, stands at an estimated value of $68,000, equating to a price per square foot (PSF) of $680. This valuation reflects a stable market condition, as indicated by the 0% differential from the baseline price. Such stability suggests that the property is well-positioned within the local market, maintaining its value despite the fluctuations seen in other areas of Singapore's real estate landscape.

Our analysis is based on a comprehensive review of 196 recent HDB resale transactions within the vicinity, which lends a high degree of confidence to the valuation model employed. The strong model confidence rating underscores the reliability of the market data, reinforcing the notion that this property not only benefits from a favorable lease term but also from the robust demand for HDB units in Serangoon. This area is characterized by a vibrant community and proximity to essential amenities, making it an attractive option for potential buyers, particularly those seeking a long-term investment in Singapore's ever-evolving real estate market.