4-Room HDB for Room Rent: 196 Rivervale Drive

The valuation of the 4-room HDB unit in Serangoon, with a remaining lease of 74 years, stands at an estimated value of $58,571, translating to a price per square foot (PSF) of $732. This valuation reflects a steady market sentiment as evidenced by its alignment with the baseline market price, indicating a 0% difference. Such stability in pricing is noteworthy, especially within the context of the broader HDB landscape, which is often influenced by factors such as location, lease tenure, and recent transaction activities.

With the model confidence rated as medium, the analysis is grounded in the examination of 19 recent HDB resale transactions in the vicinity. This robust dataset provides a comprehensive view of market dynamics, suggesting that demand for HDB properties in Serangoon remains resilient despite varying economic conditions. The remaining lease of 74 years is a crucial element, as properties with longer leases typically retain value better over time, making this unit a potentially attractive option for both homeowners and investors looking for stability in their real estate portfolio.