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

The HDB 3 Room property located in Jurong East, with a remaining lease of 54 years, has been appraised at an estimated value of $300,160, translating to a price per square foot (PSF) of $416. This valuation positions the property at a critical juncture within the current market landscape, as it reflects a market price that shows a 0% difference from the baseline. Such stability indicates a consistent demand for HDB units in the Jurong East region, a factor that is particularly noteworthy given the ongoing urban development and infrastructural enhancements in this area.

Market dynamics indicate a medium confidence level in this valuation, based on an analysis of 10 recent HDB resale transactions within the vicinity. This confidence level suggests that while the valuation is grounded in solid transactional data, there remains a degree of variability influenced by broader economic conditions and buyer sentiment. As Jurong East continues to evolve into a vibrant residential hub, the remaining lease of 54 years is a critical factor for prospective buyers, balancing the allure of the property with considerations of long-term investment and future resale value.