Terraced House for Room Rent: Parry Park

The valuation of the 2-room HDB unit in Serangoon, with a remaining lease of 75 years, stands at an estimated value of $95,774, translating to a price per square foot (PSF) of $638. This valuation reflects a market signal indicating no deviation from the baseline price, suggesting a stable demand in the area despite the inherent uncertainties that accompany this particular property segment.

It is noteworthy that the model confidence for this valuation is categorized as low, primarily due to the limited data set, with only two recent HDB resale transactions in the vicinity serving as the basis for this assessment. The low confidence level underscores the necessity for potential buyers and investors to consider the broader market dynamics at play, including the implications of the remaining lease duration and its impact on future resale potential. Given the current market conditions, prospective stakeholders are advised to conduct thorough due diligence and stay abreast of evolving trends in the HDB landscape within Serangoon.