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, is estimated at $85,790, translating to a price per square foot (PSF) of $715. This valuation reflects a market price that is precisely aligned with the baseline, indicating a stable demand in the current market context. The absence of price variance suggests a balanced equilibrium, where supply meets demand effectively, thus reinforcing the attractiveness of this property segment.

Analysis of recent transactions in the vicinity—comprising 18 HDB resale units—provides a solid foundation for this valuation. The medium confidence level attached to this model indicates that while the data supports the estimate, vigilance should be maintained given the dynamic nature of the real estate market. As properties with longer leases typically command higher valuations, this unit's 89-year remaining lease positions it favorably within the market, appealing to both first-time buyers and investors seeking stable, long-term assets.