5-Room HDB for Room Rent: 473 Choa Chu Kang Avenue 3

The valuation of the HDB 5-room unit in Choa Chu Kang, with a remaining lease of 70 years, stands at an estimated value of $50,751, translating to a price per square foot (PSF) of $508. This price point reflects a market signal indicating no deviation from the baseline, suggesting a stable demand within this segment of the HDB market. The stability is further reinforced by a high model confidence rating, derived from an analysis of 196 recent HDB resale transactions in the vicinity, providing a robust data foundation for this valuation.

The Choa Chu Kang area continues to demonstrate resilience in the HDB market, with its well-established infrastructure and community amenities contributing to sustained interest from potential buyers. The remaining lease of 70 years is particularly significant, as it strikes a balance between affordability and long-term investment potential, appealing to both first-time homebuyers and investors looking for a foothold in this vibrant district. Overall, the current valuation reflects not only the intrinsic value of the property but also the prevailing market dynamics that favor a stable and upward trajectory in property demand.