Room (HDB) for Rent in 231 Serangoon Avenue 3

The HDB 4-room property located in Serangoon, boasting a remaining lease of 75 years, is currently valued at an estimated $76,308, which translates to a price per square foot (PSF) of $694. This valuation is significant as it reflects the stability and resilience of the HDB market in this well-established residential enclave. The absence of variation from the baseline market price indicates a balanced demand and supply dynamic, where the property is positioned at a competitive yet realistic price point, appealing to both first-time buyers and savvy investors.

Our analysis, grounded in a robust dataset of 376 recent HDB resale transactions in the vicinity, supports a high confidence level in this valuation. The consistent pricing underscores the desirability of Serangoon as a residential destination, characterized by its accessibility, amenities, and community vibrancy. Moreover, the remaining lease of 75 years is a crucial factor, as it provides prospective buyers with a substantial timeframe to enjoy the property, while still being mindful of the lease decay that typically influences future resale value. This valuation not only reflects current market conditions but also signals the potential for sustainable appreciation in the long term.