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

The valuation of the HDB 3-room unit in Serangoon, with a remaining lease of 58 years, stands at an estimated value of $384,619, translating to a price per square foot (PSF) of $592. The current market signal indicates a 0% deviation from the baseline, suggesting that the property is priced competitively within the local market context. This stability in pricing reflects both a balanced demand and supply equation in the Serangoon area, which is characterized by its desirable amenities and accessibility.

However, it is important to note that the model confidence is rated as low, indicating potential volatility in the valuation due to external market conditions. The analysis is informed by five recent HDB resale transactions in the vicinity, which serve as a benchmark for determining fair market value. With the remaining lease of 58 years, prospective buyers should consider the implications of leasehold tenure on long-term investment potential and resale value, particularly in an evolving real estate landscape where lease decay can impact desirability. Therefore, while this property presents an immediate opportunity, investors should proceed with diligence and an understanding of how leasehold dynamics may influence future market performance.