3 Room (3I) HDB for Sale in 305 Serangoon Avenue 2

The valuation of the HDB 3-room property in Serangoon, with a remaining lease of 58 years, is estimated at $382,785 or $593 PSF. This valuation is situated above the market baseline, indicating an 11.8% premium compared to comparable transactions in the area. Such a significant deviation from the baseline suggests a strong demand for HDB units in Serangoon, which is likely driven by the area's strategic location and accessibility to amenities, schools, and public transport.

However, it is important to note that the model confidence for this valuation is classified as low, which implies that the data supporting this estimate may be limited or subject to volatility. The valuation is based on only five recent HDB resale transactions in the vicinity, which may not fully encapsulate the broader market dynamics. As the remaining lease of 58 years may influence buyer sentiment, particularly regarding long-term investment and resale potential, stakeholders should consider both the current market signals and future leasehold implications when assessing this property.