5 Room (5I) HDB for Rent in 403 Pandan Gardens

The HDB 5-room property located in Jurong East, with a remaining lease of 51 years, is currently estimated at a value of $346,923, equating to a price per square foot (PSF) of $283. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand for HDB units in this area. The analysis draws from two recent resale transactions in the vicinity, which provided a limited yet insightful view of the current market dynamics.

Despite the stable market price, the model confidence is rated as low, suggesting a degree of caution in this valuation. Factors such as the remaining lease duration and the overall sentiment in the HDB market may influence future demand and price adjustments. The Jurong East area, known for its strategic location and ongoing developments, remains attractive to potential buyers; however, the relatively short remaining lease could deter some investors seeking longer-term holdings. As the market evolves, it will be crucial to monitor these dynamics closely to provide a more accurate valuation in the future.