Common Room (HDB) for Rent in 415 Commonwealth Avenue West

The valuation of the 2-room HDB unit in Clementi, with a remaining lease of 53 years, stands at an estimated value of $62,456, equating to a price per square foot (PSF) of $625. This valuation reflects a stable market signal, indicating a 0% difference from the baseline price, suggesting that the property is priced in alignment with current market trends. The medium model confidence level is derived from an analysis of 12 recent HDB resale transactions in the vicinity, providing a robust data set to support the valuation.

In the context of Singapore's dynamic real estate landscape, the remaining lease of 53 years is a critical factor influencing buyer sentiment and investment potential. Properties with shorter leases often encounter depreciation in value, while those with longer leases tend to attract more interest. The current valuation suggests that despite the age of the lease, the unit remains competitive within the local market. This equilibrium indicates a balanced supply and demand scenario in Clementi, a prime residential area known for its accessibility and amenities, thereby reinforcing the stability of this HDB investment.