5-Room HDB for Room Rent: 401 Serangoon Avenue 1

In the vibrant neighbourhood of Serangoon, the valuation of this HDB 5-room unit, with a remaining lease of 61 years, stands at an estimated value of $115,804, equating to a price per square foot (PSF) of $579. This valuation reflects a stable market position, with the property showing a 0% variance from the baseline market price. Such stability indicates a balanced demand and supply dynamic in the local real estate landscape, reaffirming the property’s enduring appeal among potential buyers.

The high model confidence, derived from an extensive analysis of 154 recent HDB resale transactions in the vicinity, underscores the reliability of this valuation. As the remaining lease of the property continues to mature, it becomes increasingly important for buyers to consider the implications of leasehold dynamics. With a significant portion of the Serangoon area experiencing consistent demand, this property presents a compelling opportunity for both first-time homeowners and investors looking to capitalize on Singapore's resilient housing market.