Common Room (HDB) for Rent in 215 Ang Mo Kio Avenue 1

The valuation of the HDB 2-room unit located in Ang Mo Kio, with a remaining lease of 49 years, is estimated at $47,329, translating to a price per square foot (PSF) of $473. This valuation reflects a stable market sentiment, as indicated by a market price that shows a 0% difference from the baseline. Such a positioning suggests that the property is currently aligned with prevailing market conditions, indicative of a balanced demand and supply scenario in the region.

The model confidence is classified as medium, which underscores the necessity for potential investors and homeowners to conduct further due diligence. With a data foundation based on 18 recent HDB resale transactions in the vicinity, this valuation is built on a robust analytical framework. It is essential to consider the long-term implications of the remaining lease on property value, especially in a market like Singapore, where lease tenure plays a pivotal role in influencing buyer sentiment and investment decisions.