5 Room (5A) HDB for Sale in 261 Boon Lay Drive

The valuation of the 5-room HDB property in Jurong East, with a remaining lease of 67 years, stands at an estimated value of $686,597, translating to $494 per square foot (PSF). This valuation is indicative of a market price that reflects a mere 1% variance from the baseline, suggesting a stable demand environment within the local real estate market. It is essential to note that the confidence level of this model is categorized as low, primarily due to the limited data set utilized for the analysis, consisting of only four recent HDB resale transactions in the vicinity.

In the context of the current market dynamics, the relatively low confidence level places a degree of caution on the valuation. The Jurong East area has historically been a focal point for both residential and commercial developments, benefiting from ongoing infrastructural enhancements, such as the Jurong Region Line, which is poised to improve accessibility significantly. As such, while the valuation reflects current market conditions, potential buyers should remain vigilant of the factors influencing the area’s long-term growth and stability, including the implications of a 67-year lease remaining on future resale prospects.