Room (HDB) for Rent in 916 Jurong West Street 91

The valuation of the HDB 4-room unit in Jurong West, with a remaining lease of 61 years, stands at an estimated value of $115,550, translating to a price per square foot (PSF) of $462. This valuation is significant, as it reflects a market price with no deviation from the baseline, indicating a stable demand in the area. The high model confidence, derived from an analysis of 497 recent HDB resale transactions in the vicinity, underscores the reliability of this estimate.

In the current market dynamics, the Jurong West area continues to showcase resilience, with a consistent interest from buyers despite the aging lease. The remaining lease of 61 years positions this property favorably, as potential buyers often consider the long-term implications of lease duration in their purchasing decisions. As such, this valuation not only reflects current market conditions but also highlights the sustained desirability of Jurong West as a residential hub, making it an attractive investment for both homebuyers and investors alike.