4-Room HDB for Room Rent: 992B Upper Jurong Road

The valuation of the HDB 4-room unit in Jurong East, with a remaining lease of 96 years, stands at an estimated value of $116,582, translating to $583 per square foot. This pricing indicates a market equilibrium, as evidenced by the 0% difference from the baseline market price. Such stability in pricing suggests that the property is well-positioned within the local market trends, reflecting a balanced demand and supply scenario.

The model's high confidence level is substantiated by analysis of 320 recent HDB resale transactions in the vicinity, which demonstrates a robust pool of comparable sales that supports the valuation. As Jurong East continues to develop into a strategic hub, bolstered by ongoing infrastructural enhancements and urban planning initiatives, this property type remains an attractive option for both homebuyers and investors alike. The remaining lease of 96 years contributes positively to the property’s desirability, ensuring a sustained interest in the long term.