5 Room (5A) HDB for Sale in 228 Jurong East Street 21

The valuation of the HDB 5 Room unit in Jurong East, with a remaining lease of 60 years, stands at an estimated value of $610,403, translating to a price per square foot (PSF) of $465. This valuation reflects a notable market signal, as it exceeds the baseline price by 12.7%, indicating that this property is positioned above the current market trend. Such a premium valuation can be attributed to various factors, including the strategic location within Jurong East, which is a burgeoning hub for both residential and commercial developments.

However, it is essential to approach this valuation with caution, as the model confidence is rated low. This indicates potential volatility in the market and suggests that the valuation may be influenced by limited recent transactional data, derived from only three comparable HDB resale transactions in the vicinity. As the market continues to evolve, investors and potential buyers should consider the implications of the remaining lease duration and the local market dynamics before making informed decisions. The interplay between demand for housing in this area and the diminishing lease term could impact future resale values and rental yields.