3 Room (3NG) HDB for Rent in 115 Serangoon North Avenue 1

The valuation of the HDB 3-room unit in Serangoon, with a remaining lease of 58 years, is pegged at approximately $401,036, translating to a price per square foot of $455. This estimation reflects a market equilibrium, indicated by a 0% difference from the baseline price. Such a valuation suggests a stable market condition, where demand and supply are balanced, particularly within the context of recent transactions.

However, it is crucial to note the low model confidence associated with this valuation, derived from an analysis of merely five recent HDB resale transactions in the vicinity. This limited dataset may not fully encapsulate the broader market dynamics, particularly given the varying conditions of individual units and their respective lease lengths. As such, potential buyers and investors should remain cognizant of the inherent risks tied to lease duration, as properties with shorter leases often face diminished market appeal and value depreciation over time.