4-Room HDB for Room Rent: 411 Serangoon Central

The valuation for the 4-room HDB unit in Serangoon, with a remaining lease of 61 years, stands at an estimated value of $88,661, translating to a price per square foot (PSF) of $682. This valuation reflects a market price that is consistent with the baseline, indicating a neutral market signal with a 0% difference. The data is drawn from two recent resale transactions in the vicinity, providing a modest yet relevant benchmark for comparative analysis.

However, it is important to note that the model confidence associated with this valuation is categorized as low. This suggests that while the current estimate aligns with recent market activities, there may be underlying factors influencing demand and supply dynamics that are not fully captured in the data set. The remaining lease of 61 years on the property may also contribute to a more cautious outlook from potential buyers, as properties with shorter leases can often be perceived as less attractive investments in the long run. As such, stakeholders should consider these factors when evaluating market conditions and making informed decisions regarding this HDB unit.