3 Room (3I) HDB for Rent in 302 Serangoon Avenue 2

The HDB 3-room unit located in Serangoon, with a remaining lease of 58 years, has been appraised at an estimated value of $384,619, translating to a price per square foot (PSF) of $592. This valuation indicates a stable market position, as it reflects a market price that is 0% different from the baseline. Such stability suggests that the property is competitively priced in relation to recent transactions within the vicinity.

Despite the favorable pricing, the model confidence in this valuation remains low, a factor that may stem from the limited number of comparable recent HDB resale transactions—only five were analyzed. In the context of the current market, where the dynamics of lease tenure significantly influence buyer sentiment, the remaining lease of 58 years may impact the long-term investment appeal of this property. Buyers are often cautious with properties that have shorter remaining leases, which could result in fluctuations in demand and pricing in the future.