Common Room (HDB) for Rent in 489C Choa Chu Kang Avenue 5

The valuation of the HDB 2-room unit in Choa Chu Kang, with a remaining lease of 89 years, has been pegged at an estimated value of $85,790, translating to a price per square foot (PSF) of $715. This valuation reflects a market signal indicating a stability in the local property landscape, as it showcases a 0% difference from the baseline market price. The data for this assessment is underpinned by an analysis of 18 recent HDB resale transactions in the vicinity, providing a robust comparative basis for this valuation.

With a medium confidence level in the model, it is essential to note the implications of the remaining lease on the property’s value. An 89-year lease remains attractive to potential buyers, particularly in a market where leasehold properties are increasingly scrutinized. As the Choa Chu Kang area continues to evolve with infrastructural developments and community amenities, the enduring demand for HDB units in this locale is likely to sustain property values. This valuation encapsulates the dynamic interplay of market forces, lease longevity, and buyer sentiment, positioning this property as a noteworthy consideration for both investors and homeowners alike.