Common Room (HDB) for Rent in 704 West Coast Road

The valuation of the HDB 2-room unit located in Clementi, with a remaining lease of 52 years, stands at an estimated value of $75,467, equating to a price per square foot (PSF) of $629. This valuation is significant in the context of the current market environment, where the assessed price aligns exactly with the baseline market price, indicating a stable demand in this area. The absence of deviation from the baseline suggests a balanced market, where supply meets buyer expectations, thereby reinforcing the attractiveness of this property type to potential investors and homeowners alike.

Analyzing the surrounding market dynamics, this valuation is supported by recent data from nine HDB resale transactions in the vicinity, which provides a robust comparative framework. The model confidence of medium indicates a reasonable reliability of the valuation, suggesting that while the market conditions are stable, potential fluctuations in demand or changes in buyer sentiment could influence future valuations. The remaining lease period of 52 years, while relatively shorter compared to newer developments, continues to appeal to buyers seeking affordability in one of Singapore's established and well-connected neighborhoods.