Common Room (HDB) for Rent in 151 Serangoon North Avenue 2

The valuation of the HDB 2-room unit in Serangoon, with a remaining lease of 58 years, stands at an estimated value of $48,873, translating to a price per square foot (PSF) of $504. This valuation reflects a market price that is aligned with the baseline, indicating a 0% difference, which suggests stability in the local housing market. The presence of two recent HDB resale transactions in the vicinity provides a foundational basis for this valuation, although the model confidence remains low, indicating a degree of uncertainty in the current market dynamics.

With the remaining lease of 58 years, potential buyers should be cautious, as leasehold properties can experience fluctuations in value depending on the remaining lease duration and market sentiment. In this context, the Serangoon area, known for its vibrant community and accessibility, may still attract interest despite the low model confidence. It is crucial for potential investors to consider the broader market trends and the implications of leasehold properties when evaluating this asset. The current valuation signals a stable, yet cautious outlook for HDB properties in Serangoon, emphasizing the importance of thorough market analysis.