Common Room (HDB) for Rent in 131 Rivervale Street

The HDB 2 Room unit in Serangoon, with a remaining lease of 72 years, is appraised at an estimated value of $61,883, translating to a price per square foot (PSF) of $638. This valuation reflects a market price that is aligned with the baseline, indicating a stable yet cautious sentiment in the current real estate landscape. The absence of any deviation from the baseline price suggests a balanced demand and supply dynamic, where buyers and sellers are reaching a consensus on property values.

It is important to note that the model confidence for this valuation is categorized as low, which indicates potential fluctuations in market conditions or limited transactional data in the vicinity. The valuation is primarily informed by two recent HDB resale transactions, which may not provide a comprehensive representation of the broader market trends. As such, prospective buyers and investors should exercise due diligence and consider the prevailing market conditions, lease duration, and property characteristics when making informed decisions in this segment of the market.