4 Room (4A) HDB for Sale in 421 Choa Chu Kang Avenue 4

This valuation report focuses on a 4-room HDB unit located in the well-established Choa Chu Kang area, which boasts a remaining lease of 63 years. The estimated value of this property is pegged at $527,532, translating to a price per square foot of $471. Notably, this valuation exceeds the baseline market price by 7.9%, indicating a premium positioning within the current market landscape.

However, it is essential to highlight that the model confidence for this valuation is categorized as low, primarily due to the limited data set, with only one recent HDB resale transaction in the vicinity influencing this assessment. This scarcity of comparable transactions raises the need for cautious interpretation of the valuation, as market dynamics can fluctuate significantly with varying demand levels and economic conditions. The remaining lease term of 63 years also plays a critical role in future resale potential, as buyers may weigh the lease length heavily in their decision-making process.