3 Room (3A) HDB for Sale in 221 Serangoon Avenue 4

The valuation of the HDB 3-room property located in Serangoon, with a remaining lease of 57 years, stands at an estimated value of $374,968, translating to $520 PSF. This valuation indicates a significant market signal, as it is positioned 41.3% above the baseline, suggesting a robust demand for HDB properties in this region. The strong premium reflects not only the desirability of Serangoon as a residential enclave but also the limited supply of quality HDB units with similar lease durations in the vicinity.

Our analysis is bolstered by a review of 8 recent HDB resale transactions in the area, which collectively contribute to a medium level of model confidence in this valuation. The underlying market dynamics indicate a competitive landscape, driven by factors such as proximity to amenities, schools, and transport links, which enhance the attractiveness of this property type. As the remaining lease of 57 years provides a reasonable tenure for potential buyers, it is imperative to monitor the evolving market trends as they will likely influence future valuations and investment decisions in this thriving district.