5 Room (5A) HDB for Sale in 406C Northshore Drive

The subject property is a 5-room HDB flat located in the highly sought-after Serangoon area, boasting a remaining lease of 93 years. With an estimated value of $793,174 (equating to $658 PSF), this valuation positions the property above the prevailing market benchmark, indicating a significant market signal with a 9.4% premium over the baseline. Such a premium suggests that the property is not only well-positioned within its locality but also reflects the robust demand for HDB units in this region, which is particularly attractive to families seeking spacious accommodations with long lease tenures.

The valuation is supported by a comprehensive analysis of 142 recent HDB resale transactions within the vicinity, which reinforces the model's high confidence level. This indicates a strong market performance and resilience in property values in Serangoon, driven by a combination of factors including accessibility, community amenities, and overall attractiveness of the neighborhood. As Singapore continues to evolve, properties like this 5-room HDB flat are expected to maintain their desirability, particularly given the extended lease period, which offers potential buyers a long-term investment opportunity.