4-Room HDB for Room Rent: 147 Lorong 2 Toa Payoh

The valuation of the 4-room HDB unit in Toa Payoh, with a remaining lease of 77 years, stands at an estimated value of $114,937, translating to a price per square foot (PSF) of $1,149. This valuation reflects a notable stability in the current market, as evidenced by the market price being in alignment with the baseline, indicating a 0% difference. Such equilibrium suggests a balanced demand and supply scenario in this highly sought-after precinct, renowned for its rich heritage and accessibility.

With a model confidence level assessed as medium, the valuation is backed by an analysis of 8 recent HDB resale transactions within the vicinity. These transactions underpin the prevailing market dynamics, showcasing a consistent performance in property values that may be attributed to Toa Payoh’s strategic location and robust community amenities. As the remaining lease of 77 years provides a substantial tenure for potential homeowners, it serves as an attractive proposition for both investors and first-time buyers alike, reflecting the area’s enduring appeal in the Singapore real estate market.