Common Room (HDB) for Rent in 229A Tengah Drive

The valuation of the 2-room HDB unit in Choa Chu Kang, with a remaining lease of 97 years, reflects a strategic positioning within the current market dynamics. Priced at an estimated value of $71,010, which translates to a competitive $710 per square foot, this property demonstrates a stable market condition with no deviation from the baseline price. The consistency with the market price signals a balanced demand-supply equilibrium, allowing potential buyers to enter the market with confidence.

Supported by an analytical review of 22 recent HDB resale transactions in the vicinity, the model confidence is rated as high, indicating a robust data-driven foundation for this valuation. The long remaining lease of this property not only enhances its attractiveness but also mitigates risks associated with depreciation, making it a valuable asset for both first-time homeowners and seasoned investors. In summary, this HDB unit stands as a prime example of the enduring appeal of public housing in Singapore, particularly in well-connected regions like Choa Chu Kang.