4 Room (4A) HDB for Rent in 16 Cantonment Close

The current valuation of the HDB 4-room property located in Singapore's Central Area stands at an estimated value of $793,383, translating to a price per square foot (PSF) of $819. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand within this sought-after locale. The remaining lease of 75 years is a significant factor, as properties with longer remaining leases tend to attract buyers looking for both investment potential and long-term residency.

Market dynamics in the Central Area have shown resilience, with recent data derived from 9 resale transactions in the vicinity supporting this valuation. The model confidence is rated as medium, suggesting that while there is stability in pricing, fluctuations can occur due to broader economic factors and shifts in buyer sentiment. The equilibrium of the market price being aligned with the baseline further emphasizes the property’s position as a desirable asset in Singapore’s competitive real estate landscape, appealing to both homeowners and investors alike.