Common Room (HDB) for Rent in 248 Choa Chu Kang Avenue 2

The valuation of the HDB 2-room unit located in Choa Chu Kang, with a remaining lease of 75 years, stands at an estimated value of $57,944, translating to a price per square foot (PSF) of $724. This valuation reflects a stable market signal, indicating a 0% difference from the baseline, suggesting that the current market conditions are well-aligned with the assessed value, without significant premiums or discounts influencing the pricing dynamics.

Analysing the local market, we observe that this valuation is supported by a robust dataset, encapsulating insights from 22 recent HDB resale transactions in the vicinity. Such a substantial sample size enhances the model's confidence, which is rated as high. This confidence underscores the reliability of the valuation, indicating a balanced market where demand and supply are harmoniously aligned. The remaining lease of 75 years is also a noteworthy aspect, as it provides potential homeowners with a reasonable time horizon for occupancy, making the property an attractive consideration in the context of Singapore’s evolving real estate landscape.