5-Room HDB for Room Rent: 288B Jurong East Street 21

The valuation of the 5-room HDB unit in Jurong East, with a remaining lease of 71 years, stands at an estimated value of $163,069, translating to a price per square foot (PSF) of $544. This valuation reflects a market price that is in direct alignment with the baseline, indicating a stable demand in the local real estate landscape. The high model confidence level, derived from 228 recent HDB resale transactions in the vicinity, further substantiates the accuracy of this assessment.

Jurong East has consistently demonstrated resilience in its property market due to its strategic location and ongoing infrastructural developments. The remaining lease of 71 years is a significant factor, as it provides potential buyers with ample time to capitalize on the investment. As the market trends show no deviation from the baseline, this HDB unit represents a sound acquisition opportunity amidst the competitive landscape of Singapore’s HDB market.