Common Room (HDB) for Rent in 471B Upper Serangoon Crescent

In the vibrant neighborhood of Hougang, this valuation report focuses on a well-positioned HDB 2-room unit, boasting a remaining lease of 88 years. The estimated valuation stands at $112,758, translating to $752 per square foot (PSF). Notably, the market signal indicates a stable price point, with a 0% difference from the baseline, suggesting a balanced supply-demand dynamic in the current HDB resale market. This equilibrium is further substantiated by a robust model confidence rating of High, derived from an analysis of 23 recent resale transactions within the vicinity.

The extended lease period of 88 years significantly enhances the property’s appeal, particularly among first-time buyers and young families seeking long-term residence in a well-established district. The stability reflected in the market price underscores the resilience of the Hougang area, which continues to attract a diverse demographic. As the real estate landscape evolves, maintaining awareness of the local market trends and the implications of lease duration on property value remains crucial for prospective buyers and investors alike.