5 Room (5I) HDB for Sale in 422A Northshore Drive

The HDB 5 Room property located in Serangoon, with a remaining lease of 93 years, has been appraised at an estimated value of $800,415, translating to a price per square foot of $658. This valuation positions the property significantly above the market average, with a notable 37.4% differential from the baseline. Such a premium valuation underscores the desirability of the Serangoon area, which is increasingly recognized for its robust community amenities and accessibility, making it a sought-after location among prospective buyers.

The model confidence for this valuation is classified as high, derived from an analysis of 142 recent HDB resale transactions in the vicinity. This substantial sample size lends credibility to the valuation, indicating that the property is positioned favorably within the competitive landscape of the HDB market. The remaining lease of 93 years further enhances its appeal, as properties with longer leases are often perceived as more stable investments, mitigating concerns around lease decay. Overall, the data suggests that the Serangoon HDB market is resilient, with strong demand contributing to elevated pricing dynamics.