4-Room HDB for Room Rent: 139 Serangoon North Avenue 2

The HDB 4-room property located in Serangoon, with a remaining lease of 61 years, is currently valued at an estimated $58,633, translating to a price per square foot (PSF) of $586. This valuation is particularly significant as it reflects a stable market position, showcasing a 0% difference from the baseline market price. Such stability indicates a balanced demand and supply scenario within the Serangoon area, affirming the neighborhood's desirability among potential homeowners and investors alike.

Our analysis, based on 261 recent HDB resale transactions in the vicinity, reinforces the high confidence level of this model, categorizing it as 'High'. The consistent market activity and strong transactional volume within this locality suggest a robust interest in HDB properties, particularly those with a reasonable lease duration remaining. As the market evolves, the factors influencing HDB valuations—including lease tenure, location attractiveness, and surrounding amenities—will remain crucial in determining future price trajectories. This valuation not only exemplifies the current market dynamics but also serves as a reference point for stakeholders looking to navigate the competitive landscape of Singapore's residential real estate market.