5-Room HDB for Room Rent: 553 Serangoon North Avenue 3

The valuation of the HDB 5-room unit in Serangoon, with a remaining lease of 68 years, reflects a calculated estimated value of $90,894, translating to a price per square foot (PSF) of $606. This valuation is indicative of a steady market environment, as evidenced by the market price being aligned at 0% difference from the baseline. Such stability in pricing suggests a well-balanced supply and demand dynamic within the local real estate landscape.

Our analysis is backed by a robust dataset comprising 146 recent HDB resale transactions in the vicinity, which lends a high confidence level to our model. The longevity of the remaining lease is a crucial factor in this valuation, as properties with longer leases generally command higher values due to their perceived stability and potential for appreciation. Furthermore, Serangoon's appeal as a residential locale, characterized by its accessibility and community amenities, continues to bolster the attractiveness of HDB units in this region, ensuring sustained interest from prospective buyers.