Common Room (HDB) for Rent in 642B Punggol Drive

The valuation of the HDB 2-room unit in Punggol, with a remaining lease of 78 years, stands at an estimated value of $122,508, translating to a price per square foot (PSF) of $817. This valuation is indicative of a stable market condition, evidenced by a market price that reflects a 0% difference from the baseline. Such stability suggests that the Punggol area maintains a consistent demand for HDB properties, making it an attractive option for both investors and homeowners alike.

With a high model confidence rating, this valuation is underpinned by a thorough analysis of 167 recent HDB resale transactions in the vicinity. The strong transaction volume not only reinforces the reliability of the estimated value but also highlights the ongoing interest in Punggol as a residential locale. The remaining lease of 78 years positions this property favorably within the market, as potential buyers often seek long lease tenures when considering HDB investments. Overall, the data signals a resilient market where properties like this 2-room unit are likely to retain their value, making it a prudent choice for future-oriented investors.