5 Room (5A) HDB for Rent in 56 Havelock Road

The HDB 5-room unit in Queenstown, with a remaining lease of 86 years, has been appraised at an estimated value of $1,155,900 or $942 PSF. This valuation reflects a market price that is at par with the baseline, indicating a stable demand within this sought-after district. Queenstown continues to be a desirable location due to its strategic proximity to the Central Business District (CBD) and a well-developed infrastructure, which bolsters its residential appeal.

However, the model confidence for this valuation is rated as low, based on the analysis of only four recent HDB resale transactions in the vicinity. This limited data set suggests that while the property maintains its market value, fluctuations may occur due to varying factors such as economic conditions, buyer sentiment, and changes in interest rates. Investors and homeowners should be cognizant of these market dynamics, particularly in the context of the remaining lease period, which plays a critical role in long-term investment viability in the HDB sector.