3 Bed Terraced House (Landed) for Rent in Parry Park

The valuation of the HDB 2-room unit in Serangoon, with a remaining lease of 64 years, stands at an estimated value of $226,834, translating to a price per square foot (PSF) of $567. This valuation is indicative of the current market dynamics, where the property reflects a market price that is effectively aligned with baseline expectations, showcasing a 0% difference. Such stability in pricing may suggest a balanced demand-supply scenario in the region, where buyers are exhibiting cautious optimism amidst a backdrop of relatively consistent market performance.

However, it is essential to note that the model confidence for this valuation is categorized as low, indicating a degree of uncertainty in the accuracy of the estimate. This is primarily based on the limited data set of only two recent HDB resale transactions in the vicinity, which may not fully capture the broader market conditions or trends. As leasehold properties typically experience fluctuations in value tied to remaining lease durations, the 64-year lease remaining on this unit could also influence its appeal among potential buyers, who may weigh longevity against their investment horizons. Investors should remain vigilant and consider the nuances of the local market when evaluating this property.