5-Room HDB for Room Rent: 412 Serangoon Central

The valuation of the 5-room HDB unit in Serangoon, with a remaining lease of 61 years, is estimated at $242,196, translating to a price per square foot (PSF) of $692. This valuation reflects a market price that shows a 0% difference from the baseline, indicating stability in the current market conditions for similar properties in the area. The consistency in pricing may suggest a balanced supply-demand scenario in the Serangoon district, where buyers are currently willing to transact at established price points without significant fluctuations.

However, it is essential to note that the model confidence for this valuation is categorized as low, primarily due to the limited data set of only one recent HDB resale transaction in the vicinity. This scarcity of comparable transactions may impact the reliability of the estimated value, underscoring the need for potential buyers and investors to exercise caution. As the remaining lease of 61 years may influence long-term investment prospects, prospective purchasers should also consider the broader market dynamics, including trends in leasehold property valuations and buyer sentiment within the Serangoon area.