Common Room (HDB) for Rent in 339 Clementi Avenue 5

The valuation of the HDB 2 Room property in Clementi, with a remaining lease of 51 years, stands at an estimated value of $75,497, translating to a price per square foot (PSF) of $629. This valuation is particularly noteworthy given the current market conditions, which reveal a striking equilibrium with the baseline market price, indicating a 0% difference. Such stability suggests a balanced supply and demand environment within the vicinity, reflecting the area’s desirability and the appeal of HDB living in Singapore.

Analyzing the recent HDB resale transactions, a total of nine comparable sales have been utilized to derive this valuation, providing a robust data set that enhances model confidence, albeit at a medium level. The consistency in pricing observed in the Clementi area may be attributed to several factors, including the strategic location, accessibility to amenities, and the ongoing urban developments that continue to bolster the attractiveness of this district. As the remaining lease of the property approaches the mid-point, potential buyers will need to consider the implications of lease decay, which could influence future resale values and investment viability.