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

The valuation of the 5-room HDB unit located in Serangoon is pegged at an estimated value of $112,035, translating to a price per square foot (PSF) of $696. With a remaining lease of 73 years, this property exhibits a robust standing in the current market, characterized by a 0% deviation from the baseline price. This stability suggests a well-balanced demand and supply dynamic within the locality, indicative of strong buyer interest and sustained market confidence.

Our analysis is grounded in the examination of 39 recent HDB resale transactions within the vicinity, which collectively reinforce the high confidence level of this valuation model. The consistency in pricing amidst fluctuating market conditions underscores the desirability of Serangoon as a residential hub. Furthermore, the remaining lease period remains attractive to potential buyers, as it provides ample tenure for both investment and long-term living options. This combination of factors positions the property favorably within the competitive landscape of Singapore's HDB market.