Common Room (HDB) for Rent in 717 Clementi West Street 2

The valuation of the HDB 2-room unit in Clementi, with a remaining lease of 54 years, stands at an estimated value of $78,370, translating to a price per square foot (PSF) of $653. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand within this segment of the HDB market. The medium confidence level in this model suggests that while the valuation is grounded in recent comparable sales, there may be variables influencing the market that warrant further observation.

Recent transactions in the vicinity, comprising nine resale instances, provide a robust dataset to support this valuation. The Clementi region, known for its strategic location and connectivity, continues to attract buyers seeking affordability in the current economic landscape. The 54-year remaining lease is a critical factor in the valuation, as it balances the property’s marketability against the long-term investment horizon that potential buyers consider. As leasehold properties typically depreciate in value as the lease term decreases, the current valuation underscores the importance of market dynamics and buyer sentiment in the HDB sector.