5-Room HDB for Room Rent: 191B Rivervale Drive

The valuation of the HDB 5 Room property in Serangoon, with a remaining lease of 73 years, stands at an estimated value of $112,035, translating to a price per square foot (PSF) of $696. This valuation is firmly aligned with the current market dynamics, exhibiting a 0% difference from the baseline price. Such stability in valuation underscores the resilience of the Serangoon area, which is characterized by an active and competitive property market.

Our analysis is bolstered by data derived from 39 recent HDB resale transactions within the vicinity, providing a robust framework for our valuation model. The high model confidence indicates a strong correlation between the estimated value and prevailing market conditions, reinforcing the attractiveness of this property for potential buyers. As the remaining lease approaches the mid-point, the implications for future resale value and investment potential are significant, suggesting that properties in this locale will continue to be sought after due to their strategic location and community amenities.