Common Room (HDB) for Rent in 349 Clementi Avenue 2

The valuation of the HDB 2 Room unit in Clementi, with a remaining lease of 50 years, is positioned at an estimated value of $88,382, translating to a price per square foot (PSF) of $589. This assessment aligns closely with the current market price, indicating a 0% variance from the baseline. Such stability in pricing suggests a balanced market environment, where supply and demand are adequately matched, particularly in a locale like Clementi, which is known for its accessibility and vibrant community amenities.

Our analysis is underpinned by data from 12 recent HDB resale transactions in the vicinity, which reinforces the model's medium confidence level. The remaining lease of 50 years is a critical factor in this valuation, as it influences buyer perceptions and financing options. Typically, properties with shorter leases may experience depreciation in value; however, the Clementi market remains resilient, indicative of its desirability and potential for future growth. Investors and homeowners alike should consider the strategic implications of lease lengths when evaluating HDB properties, as they play a pivotal role in long-term investment viability.