3 Room (3A) HDB for Rent in 204 Serangoon Central

The valuation for the HDB 3-room unit in Serangoon, with a remaining lease of 58 years, stands at an estimated value of $503,672, translating to a price per square foot (PSF) of $679. This assessment reflects a prudent consideration of both market trends and the property’s leasehold status. Given the current valuation shows a 0% deviation from the baseline market price, it suggests that the property is well-positioned within the local market dynamics, maintaining stability amidst economic fluctuations.

However, it is essential to note the model confidence in this valuation is categorized as low, based on a limited dataset of only two recent HDB resale transactions in the vicinity. This indicates a potential volatility in the local market, as a more robust dataset is typically required to make a more definitive assessment. The remaining lease of 58 years is a critical factor, as properties with shorter remaining leases often experience diminished appeal among prospective buyers, which could influence future resale values. As such, while the current valuation aligns with market expectations, stakeholders should remain vigilant regarding the dynamics influencing the HDB landscape in Serangoon.