Semi-Detached House for Room Rent: Master Room on Bukit Timah Road

The valuation of the HDB 2-room unit in Singapore's Central Area, with a remaining lease of 87 years, stands at an estimated value of $155,637, translating to a price per square foot (PSF) of $707. This valuation positions the property at a critical juncture within the current market dynamics, reflecting a stable market price that shows no deviation from the baseline. Such stability in valuation suggests a balanced demand and supply scenario, indicative of a resilient real estate environment in this sought-after locality.

Analyzing the recent sales data, our assessment is based on 14 comparable HDB resale transactions within the vicinity, which reinforces the credibility of the valuation. The model confidence is categorized as medium, suggesting a reasonable degree of certainty in the estimated value while acknowledging potential fluctuations due to external market factors. The remaining lease of 87 years further enhances the property’s appeal, providing prospective buyers with a significant duration of ownership, thereby mitigating concerns regarding lease decay. As the Central Area continues to attract both investors and homeowners alike, this asset presents a compelling opportunity within the competitive landscape of Singapore's real estate market.