Common Room (HDB) for Rent in 231 Jurong East Street 21

The valuation of the HDB 3-room unit in Jurong East, with a remaining lease of 54 years, stands at an estimated value of $300,160, translating to a price per square foot of $416. This valuation reflects a significant equilibrium in the current market dynamics, registering a 0% difference from the baseline price. Such stability is indicative of a balanced market in the Jurong East area, where demand meets supply effectively, particularly for properties with similar lease tenures and configurations.

Our analysis, based on the evaluation of 10 recent resale transactions in the vicinity, reveals a medium confidence level in this estimate. The HDB market in Singapore is notably influenced by factors such as remaining lease duration, location desirability, and overall economic conditions. A remaining lease of 54 years presents a unique proposition for potential buyers, who often weigh long-term investment value against the implications of lease decay. As Jurong East continues to evolve with ongoing infrastructural developments and urban planning initiatives, the valuation of properties in this locale may see positive adjustments in future assessments, making it a noteworthy consideration for both investors and homeowners.