Common Room (HDB) for Rent in 140 Rivervale Street

The valuation of the HDB 2 Room unit in Serangoon, with a remaining lease of 72 years, stands at an estimated value of $102,713, translating to a price per square foot (PSF) of $638. This valuation aligns closely with the baseline market price, exhibiting a 0% difference, which indicates a stable demand in this segment of the HDB market. The proximity to recent resale transactions bolsters this assessment, as the valuation draws insights from only two comparable sales in the vicinity, suggesting limited data points yet reflecting the local market dynamics.

It is crucial to note that the confidence in this model is rated as low, implying that while the valuation is reflective of current market conditions, it may be subject to fluctuations due to broader economic factors and changing buyer sentiment. The remaining lease of 72 years is a vital consideration, as it influences both buyer interest and potential appreciation over time. In essence, this property presents a compelling case for prospective buyers seeking entry into the Serangoon market, albeit with an understanding of the inherent risks associated with low model confidence and a limited transaction history.