Common Room (HDB) for Rent in 108 Rivervale Walk

The valuation of the HDB 2 Room in Serangoon, with a remaining lease of 71 years, has been assessed at an estimated value of $62,911, translating to a price per square foot (PSF) of $629. This valuation reflects a market price that is notably aligned with the baseline, indicating a stable equilibrium without significant upward or downward pressure. Such stability can be attributed to the area's demographic and economic characteristics, as well as the overall demand for HDB flats within the region.

However, it is essential to note the model confidence for this valuation is categorized as low, primarily due to the limited data set derived from only two recent HDB resale transactions in the vicinity. This scarcity of transactions may result in less reliable market signals, emphasizing the need for potential buyers and investors to approach the valuation with caution. The remaining lease of 71 years plays a crucial role in the property’s appeal; while it offers a longer tenure than many flats in the market, the diminishing lease term may still affect future resale values as market dynamics evolve. As such, stakeholders are encouraged to continuously monitor both the local market trends and leasehold implications when considering this investment opportunity.