Common Room (HDB) for Rent in 824 Jurong West Street 81

The valuation of the HDB 2 Room unit in Jurong West, with a remaining lease of 62 years, stands at an estimated value of $90,133, translating to a price per square foot (PSF) of $601. This valuation reflects a market price that is aligned with the baseline, indicating a stable demand within the area. The confidence in this model is rated as high, supported by an analysis of 80 recent HDB resale transactions in the vicinity, which reinforces the reliability of the data driving this valuation.

In the context of Singapore's dynamic real estate landscape, the remaining lease of this property plays a crucial role in its valuation. With a substantial 62 years remaining, the property maintains a significant appeal to potential buyers, particularly those looking for long-term residency or investment opportunities. The consistent pricing signals a balanced market where supply and demand are currently in equilibrium, suggesting that buyers are willing to invest at this price point due to the attractive lease tenure and the desirable location in Jurong West.