Common Room (HDB) for Rent in 462 Clementi Avenue 3

The valuation of the 2-room HDB unit in Clementi, with a remaining lease of 75 years, is estimated at $134,072, translating to a price per square foot (PSF) of $894. This valuation positions the property at a market equilibrium, reflecting a 0% difference from the baseline. Such stability indicates a balanced demand and supply within the local market, where recent resale transactions have shown consistent pricing trends. The medium confidence level of the model suggests that while the data is reliable, there may be localized fluctuations that could influence future valuations.

Clementi has traditionally been a sought-after residential area, characterized by its strategic location and robust amenities. The analysis is based on 11 recent HDB resale transactions in the vicinity, providing a solid foundation for this valuation. As the remaining lease of 75 years suggests a substantial period before lease decay becomes a consideration, this property presents a unique opportunity for both homeowners and investors looking to capitalize on Singapore’s dynamic real estate landscape.